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The Business NG
Experts Predict Stronger Naira in 2026
•Naira Poised for Stronger Gains in 2026 - Experts, BDCs
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The Business NG
14 Nigerian Banks Yet to Meet CBN Recapitalization Deadline
With just eleven weeks to go before the Central Bank of Nigeria's (CBN) recapitalization deadline, 14 Nigerian banks have yet to meet the apex bank's minimum capital requirements.
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The Business NG
CBN OMO Auction Attracts N2.73 Trillion
The Central Bank of Nigeria (CBN) opened the 2026 monetary year with a strong show of investor confidence at its first Open Market Operations (OMO) auction, drawing total subscriptions of N2.727 trillion.
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The Business NG
Rivers Boils, Tinubu Watches
The escalating political crisis in Rivers State has once again placed President Bola Ahmed Tinubu at the centre of a high-stakes power struggle, as impeachment proceedings against Governor Siminalayi Fubara threaten the fragile peace he personally brokered in the state.
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The Business NG
POS Operators in CAC Registration Row
The Association of Mobile Money & Bank Agents in Nigeria (AMMBAN) has clarified that its members do not require Corporate Affairs Commis-
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The Business NG
PwC Warns 141m Nigerians May Fall into Poverty by 2026
Poverty in Nigeria is expected to worsen significantly, with an estimated 141 million people—about 62% of the population—likely to live in poverty by 2026, according to PwC's Nigeria Economic Outlook 2026: Turning Macroeconomic Stability into Sustainable Growth.
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The Business NG
Over 93% of Nigeria's Cash Circulates Outside Banks - CBN
Nigeria's cash economy remained overwhelmingly dominant in 2025, with the majority of physical currency continuing to circulate outside the formal banking system, according to the Central Bank of Nigeria's (CBN) latest money and credit statistics.
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The Business NG
229 Bank Branches Shut in One Year as PoS Transactions Rise
Nigeria's banking industry is accelerating its transition toward digital and agent-based services, with 229 physical bank branches shut across the country within one year as customers increasingly embrace Point of Sale (PoS) terminals and other electronic payment channels for everyday transactions.
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The Business NG
Resident Doctors Set to Resume Nationwide Strike January 12
Resident doctors across Nigeria have announced plans to resume a nationwide strike on January 12, 2026, following what they described as the Federal Gov-
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The Business NG
FG Drops Criminal Case Against Senator Natasha Akpoti-Uduaghan
The federal government has formally withdrawn the criminal charge it instituted against Natasha Akpoti-Uduaghan, the sena-
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The Business NG
PMI Survey Shows Nigerian Private Sector Poised for Growth Amid Cost Pressures
Nigeria’s private sector is showing strong signs of resilience, with business sentiment reaching a six-month high at the end of 2025, according to the latest Stanbic IBTC Bank
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The Business NG
Pressure Mounts on Borno, Rivers as 34 States Submit 2026 Budgets
Capital Spending Rises in 34 States 2026 Budgets Infrastructure Drives 2026 Budgets Across 34 States
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December 29, 2025
The Business NG
Transfers Over N10,000 Will Attract N50 Stamp Duty from Jan 2026 –FIRS
Starting January 1, 2026, the Electronic Money Transfer Levy (EMTL) will be officially renamed Stamp Duties in accordance with the Nigeria Tax Act (NTA) 2025.
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December 29, 2025
The Business NG
New Tax Laws Take Effect January 1, 2026, Despite Reps' Concerns - Oyedele
The Federal Government has confirmed that the Nigerian Tax Act and the Nigerian Tax Administration Act will take effect from January 1, 2026, despite concerns raised by the House of Representatives over alleged discrepancies in the gazetted versions of the laws.
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December 29, 2025
The Business NG
Nigerian Banks Spend Over N550Bn on AMCON, Regulatory Levies in 9 Months
Nigerian banks are facing mounting pressure from regulatory levies, with shareholders raising concerns over the escalating costs, particularly the Asset Management Corporation of Nigeria (AMCON) levy, which they warn is eroding profits and weakening returns across the sector.
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December 29, 2025
The Business NG
Commuters Groan as Transport Costs Surge Across Lagos Ahead of Christmas
Transportation costs across Lagos have risen sharply in the days leading up to Christmas, adding to the financial strain on residents already grappling with high living expenses.
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The Business NG
Nigeria's New Tax Reform May Be Delayed or Suspended -Oyedele
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said the National Assembly has the constitutional authority to suspend the implementation of Nigeria's tax reform laws scheduled to take effect in January 2026.
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The Business NG
Foreign Investors Stay Cautious as NGX Foreign Participation Slips to 21% in 2025
Foreign portfolio investment (FPI) in Nigeria's equities market remained subdued in 2025, accounting for just about one-fifth of total market activity despite sweeping reforms in the foreign exchange and capital market space.
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The Business NG
Countdown to March 2026: 10 Banks Scramble to Meet CBN Recapitalisation Deadline
With just over 100 days to the Central Bank of Nigeria's (CBN) March 31, 2026 recapitalisation deadline, 10 banks are still racing against time to meet the regulator's capital requirements, highlighting the final, high-stakes phase of Nigeria's most significant banking-sector reform in over a decade.
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The Business NG
Pushback Grows as Lawmakers Reject Gazetted Pro-Poor Tax Laws
The recently gazetted tax laws in Nigeria, aimed at reforming personal income taxation, are facing growing resistance from some lawmakers, despite claims that the reforms target fairness and progressivity.
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The Business NG
NDLEA Introduces Compulsory School Drug Tests to Curb Youth Substance Abuse
The National Drug Law Enforcement Agency (NDLEA) has rolled out a new policy mandating com-
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The Business NG
Tinubu Tells Governors: Respect Supreme Court, Give LGs Their Money
President Bola Ahmed Tinubuhas called on state governors across Nigeria to respect the Supreme Court's ruling guaranteeing financial autonomy for local governments.
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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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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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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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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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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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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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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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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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