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FLERE HISTORIER FRA The Business NG

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.

time to read

1 min

BusinessNg

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.

time to read

1 min

BusinessNg

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-

time to read

1 min

BusinessNg

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.

time to read

1 min

BusinessNg

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

BusinessNg

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-

time to read

1 min

BusinessNg

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

BusinessNg

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

BusinessNg

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.

time to read

1 min

BusinessNg

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.

time to read

1 min

BusinessNg

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