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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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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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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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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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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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The Business NG
Imports Dominate as Nigerians Use Less Dangote Petrol
- Report
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The Business NG
CAC PoS Registration Directive Sparks Industry Rift Ahead of 2026 Deadline
The Corporate Affairs Commission's (CAC) latest compliance directive for Point of Sale (PoS) operators has ignited sharp divisions within Nigeria's mobile money sector, raising concerns about a potential regulatory showdown that could reshape agent banking in the country.
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The Business NG
Civil Defence Can Protect VIPs' — Tinubu Insists on Ending Police Escorts
President Bola Tinubu has reaffirmed his directive ordering the withdrawal of police officers attached to very important persons (VIPs), insisting that the police must return to their primary duty of protecting citizens and strengthening security across communities.
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The Business NG
Cross River, Benue Top FAAC Receivers Despite Minimal VAT Contribution in October 2025
The latest revenue allocation data from the Federation Account Allocation Committee (FAAC) reveals a stark contrast between states' contributions to the Value Added Tax (VAT) pool and the amounts they received in October 2025.
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The Business NG
FG Bans Cash Payments for Revenue, Directs MDAs to Install POS Terminals Within 45 Days
The Federal Government of Nigeria has officially banned the use of physical cash for the payment of government revenue.
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The Business NG
NAFDAC Raises Alarm Over Adulterated Edible Oils Circulating Nationwide
The National Agency for Food and Drug Administration and Control (NAFDAC) has issued a public alert regarding the widespread importation and circulation of substandard and unregistered edible oils in Nigeria.
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The Business NG
Rivers Governor Sim Fubara Defects to APC, Ends Longstanding Ties With PDP
Governor Siminalayi Fubara of Rivers State has officially defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC), marking a major political shift in the state's leadership.
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The Business NG
Nigeria Banks Mobilise N3.7 Trillion Ahead of CBN Recapitalisation Deadline
Nigeria's banking sector is undergoing one of the most significant capital transformations in its history, as commercial banks scramble to meet the Central Bank of Nigeria's (CBN) March 31
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LG Autonomy Crisis Deepens as Court Rebukes FG, Rekindling National Tension
The long-running controversy over local government autonomy has resurfaced sharply, as the Supreme Court, once again, expressed displeasure with the Federal Government's failure to implement its landmark July 2024 judgment mandating direct allocation of federal funds to local governments.
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Macron Pledges Stronger Counter-Terrorism Support for Nigeria After Talks With Tinubu
French President Emmanuel Macron has assured President Bola Tinubu of France's renewed commitment to assisting Nigeria in confronting terrorism and other security threats destabilising parts of the country.
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Internal Uncertainties Could Affect ADC Coalition’s Readiness for 2027 Elections -Obi
Peter Obi, the former Anambra governor and Labour Party’s 2023 presidential candidate, has cautioned that the African Democratic Congress (ADC) coalition faces internal un-
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Cost of Living May Further Rise Despite GDP Growth, Analysts Warn
Nigeria's economy grew by 3.98% year-on-year in the third quarter of 2025, but the Centre for the Promotion of Private Enterprise (CPPE) has warned that households may continue to feel the pinch of high living costs despite the growth.
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The Business NG
Investors Flock to Nigerian T-Bills as Yields Soar Above 20%
Nigeria's money market recorded a dramatic shift this week after the Central Bank's latest Treasury Bills Primary Market Auction delivered an unexpected spike in returns on the 364-day instrument, sending ripples across the investment community.
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FEC Approves 2026-2028 Budget Plan, Projects N34 Trillion Federal Revenue
The Federal Executive Council (FEC) has approved Nigeria's 2026-2028 Medium-Term Expenditure Framework (MTEF), outlining the country's revenue targets, spending priorities, and economic outlook for the next three years.
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The Business NG
US Tightens Pressure on Nigeria Over Religious Killings, Imposes Visa Bans
The United States has intensified pressure on Nigeria over alleged anti-Christian violence by imposing visa restrictions on individuals accused of violating religious freedom.
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The Business NG
Senate Confirms Gen. Christopher Musa as Defence Minister After Rowdy Screening Session
The Nigerian Senate on Wednesday confirmed General Christopher Musa, the former Chief of Defence Staff (CDS), as the country's new Minister of Defence, following a tense and highly charged screening session.
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The Business NG
Foreign Investors Take Over Nigerian Tech Companies as Founders Lose Control
Global appetite for Nigerian technology companies continues to surge as foreign investors intensify their acquisition of promising local startups, BusinessNG investigations have revealed.
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The Business NG
Big Shake-Up: Insurers Rush for Cash as New Government Rules Take Effect
A fresh wave of capital-raising activity is sweeping through Nigeria's insurance sector as firms race to meet the stricter minimum capital requirements prescribed by the Insurance Industry Reform Act (NIIRA) 2025. With the deadline drawing closer,
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The Business NG
Tinubu Meets Gov Otti as Push for Nnamdi Kanu's Release Gains Momentum
On Tuesday, President Bola Tinubu met with Governor Alex Otti of Abia State at the Presidential Villa in Abuja — a meeting widely seen as part of ongoing efforts to secure the release of convicted IPOB leader Nnamdi Kanu.
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The Business NG
Chicken Prices Surge as Nigerians Brace for a Costly Christmas
As Christmas draws closer, the price of chicken—a staple at festive Nigerian celebrations—has surged sharply, raising concerns for households already battling high food costs.
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