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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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1 min

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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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1 min

BusinessNg

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The federal government has formally withdrawn the criminal charge it instituted against Natasha Akpoti-Uduaghan, the sena-

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1 min

BusinessNg

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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1 min

BusinessNg

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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1 min

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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1 min

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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1 min

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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1 min

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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1 min

BusinessNg

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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1 min

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