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Matthew Denis

270 stories

  1. Finance

    Exclusive: Stanbic Bank denies frustrating pensioners’ access to N540,000 Tinubu allowance

    Stanbic IBTC Pension Managers has formally refuted allegations that it is obstructing pensioners' access to the N540,000 allowance recently approved by President Bola Ahmed Tinubu. The bank maintains that it remains fully committed to its beneficiaries and has significantly advanced the disbursement process. The allegations, which surfaced following complaints from some pensioners regarding communication gaps ...

  2. News

    SEC launches platform to bridge regulatory gaps in Nigeria’s fintech sector

    The Securities and Exchange Commission (SEC) has officially launched its inaugural Regulator/FinTech Clinic, marking a proactive step toward strengthening dialogue with Nigeria’s rapidly expanding financial technology ecosystem. The event, held on Tuesday, March 10, aims to align technological innovation with regulatory compliance while ensuring robust investor protection. Opening the clinic, the Director-General of the SEC, ...

  3. Economy

    VAT revenue hits N1.08tn as states get larger share under new formula

    Nigeria recorded N1.08tn in Value Added Tax (VAT) revenue in January 2026 following the implementation of a revised sharing formula. Documents from the February meeting of the Federation Accounts Allocation Committee (FAAC) showed that VAT collections increased from N913.96bn in Dec. 2025 to N1.08tn in Jan. 2026, representing a rise of N169.20bn or 18.5%. After ...

  4. News

    U.S. Embassy cancels Abuja visa appointments over protest alert

    The United States Embassy in Nigeria has cancelled all visa appointments scheduled for March 4, 2026, citing a high potential for protests in Abuja. In a security notice issued on Tuesday, the embassy warned of possible demonstrations in the Federal Capital Territory (FCT) and advised U.S. citizens to remain indoors. “The U.S. Embassy in Abuja ...

  5. Economy

    JRB abolishes roadblocks, introduces presumptive tax regulations

    The Joint Revenue Board (JRB) has abolished the use of roadblocks for tax collection nationwide as part of the implementation of new Presumptive Tax Regulations. The regulations were unveiled by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, as part of efforts to streamline tax administration and protect small businesses. ...

  6. Money market

    Tax reforms provide avenue for productive capital — Oyedele

    Minister of State for Finance designate, Taiwo Oyedele has said Nigeria’s tax reforms offer a unified, transparent, and predictable framework for business planning, investment risk assessment, and productive capital flow. Speaking at the Third PUU Capital Market Colloquium in Abuja, Oyedele declared that the federal government’s tax and monetary policy reforms have fostered exchange rate ...

  7. Money market

    FCT-IRS Chairman urges residents to file tax returns by March 31

    The Acting Executive Chairman of the Federal Capital Territory Internal Revenue Service (FCT-IRS), Michael Ango, has urged all taxable residents within the Federal Capital Territory (FCT) to file their personal income tax returns on or before March 31, 2026. He made the call as part of efforts to boost voluntary tax compliance under Nigeria’s new ...

  8. Crime

    Five Security Officers arrested over alleged airport bribery linked to El-Rufai

    Authorities have arrested five security officers over their alleged involvement in a security breach at the Nnamdi Azikiwe International Airport on Feb. 12, 2026, involving former Kaduna State Gov. Nasir El-Rufai. In a statement issued on Tuesday, officials said the arrests followed a joint investigation into what was described as a violation of airport security ...

  9. Politics

    Kingibe will not return to Senate in 2027 – Wike boasts

    The Minister of the Federal Capital Territory, Nyesom Wike, has boasted that Senator Ireti Kingibe will not secure a second term to represent the FCT in 2027. During a media chat with journalists in Abuja on Monday, the Minister cited a lack of measurable impact and poor public service delivery as the primary reasons for ...

  10. News

    CAC Registrar General escapes sanction after appearing before Senate Finance panel

    The Registrar General of the Corporate Affairs Commission (CAC), Hussaini Ishaq Magaji, appeared before the Senate Committee on Finance on Monday, narrowly avoiding a formal recommendation for his dismissal. The appearance follows a series of snubbed invitations that led lawmakers to threaten his removal for allegedly obstructing a legislative probe into the commission's financial activities. ...

  11. News

    President Tinubu to preside over Nigeria Police Council meeting on Monday

    President Bola Tinubu is scheduled to preside over a meeting of the Nigeria Police Council on Monday, March 2, 2026, to consider the appointment of Olatunji Disu as the substantive Inspector-General of Police. Officials in the Presidency and the police hierarchy have confirmed that the meeting will proceed as planned. A source stated, “The Police ...

  12. News

    UK telecom giant, Lebara set to commence Nigerian operations

    Lebara, the UK-based telecommunications heavyweight, has formally announced its entry into the Nigerian market with a planned commercial launch for 2026. Operating as a licensed Tier 5 Mobile Virtual Network Operator (MVNO) under the Nigerian Communications Commission (NCC), the company intends to disrupt the country’s competitive landscape by offering a customer-centric value proposition built on ...

  13. Politics

    INEC clarifies FCT polling unit splits, denies 2026 migrations

    The Independent National Electoral Commission (INEC) has officially debunked speculations regarding the recent FCT Area Council elections, clarifying that the splitting of polling units took place in February 2022 rather than in 2026 as currently rumored. This clarification was issued on Tuesday in a formal statement signed by Adedayo Oketola, Chief Press Secretary and Media ...

  14. Capital Market

    Nigerian equity market hits N97.9trn milestone as investor confidence surges

    The Nigerian capital market has reached a historic peak, with the total market capitalization of listed equities soaring to approximately N97.9 trillion. The Accountant General of the Federation (AGF), Shamsedeen Babatunde Ogunjimi, revealed these figures on Monday, attributing the growth to aggressive equity price appreciation and a robust return of investor confidence in domestic securities. ...

  15. Politics

    FCT polls: INEC declares results for three Area Councils

    The Independent National Electoral Commission (INEC) has officially declared results for three local government areas in the area council election conducted in the Federal Capital Territory (FCT), Abuja on Saturday. The elections monitored by Nigerian Newsdirect reports that the election umpire announced results for Bwari, Gwagwalada and Abuja Municipal Area Council (AMAC), while official results ...

  16. Politics

    ADC condemns Wike’s monitoring of FCT elections

    The African Democratic Congress (ADC) has condemned the purported monitoring of elections conducted in the Federal Capital Territory (FCT) by the FCT Minister, Nyesom Wike on Saturday. The Spokesman of the party, Abdullahi Bolaji in a statement on Saturday described Wike’s monitoring exercise after unilaterally imposing a curfew on potential voters, represents direct interference in ...

  17. Politics

    Confusion over alleged missing ballots delays voting at Dabi Primary School

    Confusion and mild drama unfolded at Dabi Primary School in Pai Ward, Kwali Area Council, this morning as INEC officials reportedly arrived late with incomplete voting materials, sparking outrage among observers and residents. While materials were scheduled for distribution from Bako Primary School, observers noted at 7:45 a.m. that the supplies had yet to arrive ...

  18. Business

    FERMA proposes N229.9bn for 2026 fiscal year

    The Federal Roads Maintenance Agency (FERMA) has formally presented a proposed budget of ₦229.999 billion for the 2026 fiscal year, marking a strategic effort to overhaul the nation’s road network and bolster inter-state connectivity. This financial blueprint, defended before the Joint Senate and House Committees on FERMA, allocates ₦191 billion to capital expenditure, ₦5 billion ...

  19. Energy

    Tinubu signs executive order to halt NNPC Ltd deductions

    In a major fiscal overhaul, President Bola Ahmed Tinubu has signed a new Executive Order designed to eliminate unconstitutional deductions and ensure the direct remittance of oil and gas revenues to the Federation Account. Gazetted on February 13, 2026, the directive effectively strips the NNPCL of billions in previously retained fees and targets structural leakages ...

  20. Politics

    E-transmission: Sowore rallies Nigerians to embark on nationwide protests

    Activist and former presidential candidate Omoyele Sowore has intensified his call for nationwide demonstrations following the controversial issues surrounding the Electoral Act (Amendment) Bill, 2026. Speaking during a protest at the National Assembly in Abuja on Tuesday, the activist challenged young Nigerians to strengthen their demands for political reform and hold the government accountable. While ...