Rabiu overtakes Rupert as Africa’s second richest man
Industrialist Abdul Samad Rabiu has emerged as Africa’s second-richest individual after his net worth climbed sharply to $18.6 billion, according to the latest Bloomberg Billionaires Index (BBI). The remarkable rise…
Few months after appointment, Tinubu sacks NMDPRA boss, picks new CEO
President Bola Tinubu has removed Mr Saidu Mohammed as Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in what the Presidency described as a decision taken…
FG panel proposes adding aviation fuel to naira-for-crude scheme
A federal government technical committee has recommended the inclusion of aviation fuel, also known as Jet A1, in the naira-for-crude initiative as part of efforts to stabilise supply and reduce…
CBN introduces 10 new BVN rules effective May 1
The Central Bank of Nigeria (CBN) has announced 10 major updates to the Bank Verification Number (BVN) system, set to take effect from May 1, as part of efforts to…
Tinubu signs ₦68.32trn 2026 budget, extends 2025 capital implementation
President Bola Tinubu has signed into law the 2026 Appropriation Bill, approving a total expenditure of ₦68.32 trillion, while also assenting to a measure extending the implementation period of the…
Tinubu: New tax reforms to end poverty, boost prosperity
President Bola Tinubu has declared that Nigeria’s old, colonial-era tax laws contributed to widespread economic hardship, assuring that newly introduced reforms will create opportunities, boost investment, and drive inclusive prosperity.…
Guinness Nigeria tops ₦1tn market value
Guinness Nigeria PLC has crossed the ₦1 trillion market capitalisation threshold on the Nigerian Exchange, marking a major milestone that reflects growing investor confidence and sustained value creation. As of…
Gbajabiamila lauds FCT minister over landmark Hypercity–Carrefour deal
The Chief of Staff to the President, Femi Gbajabiamila, has praised the Minister of the Federal Capital Territory (FCT), Nyesom Wike, for creating an enabling environment for private enterprise, describing…
FG debunks claims Oyedele admitted errors in new tax laws
The Presidential Fiscal Policy and Tax Reforms Committee has dismissed as false and misleading reports claiming that the Minister of State for Finance, Taiwo Oyedele, admitted errors in Nigeria’s newly…
FG unveils sweeping tariff cuts under 2026 fiscal policy
The Federal Government has approved the 2026 Fiscal Policy Measures (FPM), introducing broad changes to import tariffs aimed at boosting growth across critical sectors of the economy. The approval was…