Category: Business

|By Babatunji Wusu President Bola Tinubu has submitted 21 nominees to the Senate for confirmation to the boards of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream…

|By Babatunji Wusu The Nigeria Revenue Service (NRS) has declared poor Nigerians as the biggest beneficiaries of the new tax reforms introduced by President Bola Ahmed Tinubu, insisting that the…

|By Babatunji Wusu The Nigerian stock market opened the 2026 trading year on a strong bullish note on Friday, delivering a N561 billion gain to investors as buying interest swept…

|By Babatunji Wusu Petroleum products depot owners and marketers have raised ex-depot petrol prices following reports of a planned shutdown of the Dangote Refinery’s petrol unit for maintenance and upgrades.…

|By Babatunji Wusu The Budget Office of the Federation has warned Nigerians to disregard unverified claims and speculation trailing the country’s newly enacted tax laws as their implementation begins on…

|By Babatunji Wusu Nigeria is set to overhaul its revenue administration framework as the Federal Inland Revenue Service (FIRS) formally transitions into the Nigeria Revenue Service (NRS) from January 2026,…

|By Babatunji Wusu Nigeria’s crude oil and condensate production declined by 5.9 percent year-on-year to an average of 1.599 million barrels per day in November 2025, the Nigerian Upstream Petroleum…

|By Babatunji Wusu Billionaire investor Femi Otedola has divested his majority stake in Geregu Power Plc in a landmark N1.088 trillion transaction financed by a consortium of banks led by…

|By Babatunji Wusu Electricity distribution companies have begun restoring power supply across parts of their franchise areas following Monday’s national grid collapse that plunged several parts of the country into…

|By Babatunji Wusu The Centre for the Promotion of Private Enterprise (CPPE) has projected that Nigeria’s economy will expand by between 4.0 and 4.5 percent in 2026, signalling a shift…