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The Business NG

Foreign Investors Eye Undercapitalised Nigerian Banks Amid CBN Clampdown

Nigeria's banking sector is at the center of an intense recapitalisation drive as the Central Bank of Nigeria (CBN) tightens enforcement ahead of the March 31, 2026, compliance deadline.

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1 min

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The Business NG

Lawyers Invoke FOI Act to Demand Disclosure of FIRS-France Tax Agreement

A civil society organisation, Lawyers for Civil Liberties, has invoked the Freedom of Information (FOI) Act to request access to the mem-

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1 min

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The Business NG

Tinubu to Present N54 Trillion 2026 Budget to National Assembly Today

President Bola Ahmed Tinubu will on Friday (today) present the 54 trillion 2026 budget to a joint session of the National Assembly.

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1 min

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The Business NG

Reps Amend Electoral Act, Approve Mandatory Electronic Transmission of Election Results

The House of Representatives has approved a proposal mandating the real-time electronic transmission of election results, marking a significant step toward strengthening Nigeria's electoral process.

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1 min

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The Business NG

Abuja Blackout Deepens Security Fears as Residents Slam AEDC's Silence

Residents of several communities in Abuja have expressed growing frustration and fear after a prolonged power outage plunged parts of the Federal Capital Territory (FCT) into darkness, worsening security concerns and disrupting livelihoods.

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1 min

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The Business NG

Telecom Failures Put Minister Bosun Tijani Under Public Scrutiny

Once celebrated as one of Nigeria's brightest tech minds, Minister of Communications, Innovation and Digital Economy, Bosun Tijani, is now facing mounting public criticism as Nigerians question the tangible impact of his tenure.

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1 min

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The Business NG

CBN Targets N825Bn in Final 2025 Bond and Treasury Bills

The Central Bank of Nigeria (CBN) has announced plans to raise a total of 825 billion from the domestic debt market in the final round of Federal Government securities issuance for 2025, underscoring the government's continued reliance on local borrowing amid elevated interest rates.

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1 min

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The Business NG

Tax Reform Countdown: SMEs Gain, High Earners Pay More

Nigeria is set to witness a historic transformation in its fiscal landscape as the Federal Government rolls out sweeping tax reforms designed to boost fairness, ease the burden on low-income earners, and stimulate business growth.

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1 min

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The Business NG

Naira Holds Firm as Nigeria's Forex Reserves hit $45.4Bn

The naira remained under pressure at the Nigerian foreign exchange market (NFEM), closing at 1,455 per US dollar on Wednesday, reflecting ongoing demand for dollars amid liquidity challenges.

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1 min

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The Business NG

The Business NG

Three Months to Recapitalisation: Weaker Banks Explore Mergers as Investors Hesitate

With just three months remaining before the Central Bank of Nigeria's (CBN) recapitalisation deadline, several weaker banks in the country are reportedly considering mergers as a strategy to strengthen their financial position and remain compliant with regulatory requirements.

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1 mins

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