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A sharp 38.3% decline in Value Added Tax (VAT) collections has significantly impacted the federation's distributable pool, as the three tiers of government shared N1.894 trillion for February 2026. The steep drop saw gross VAT revenue plummet from N1.083 trillion in January to just N668.450 billion in February, representing a loss of over one-third of ...
United Bank for Africa (UBA) Plc hosted a high-profile edition of its quarterly Business Series on Thursday, gathering accomplished female leaders and entrepreneurs to explore the shifting paradigms of leadership under the theme “Gen.W: The Evolved Woman.” The hybrid event, held at the UBA House in Marina, Lagos, and broadcast to a global audience, served ...
United Bank for Africa (UBA) Plc hosted a high-profile edition of its quarterly Business Series on Thursday, gathering accomplished female leaders and entrepreneurs to explore the shifting paradigms of leadership under the theme “Gen.W: The Evolved Woman.” The hybrid event, held at the UBA House in Marina, Lagos, and broadcast to a global audience, served as a cornerstone of ...
The Nigerian Senate has confirmed the appointment of Taiwo Oyedele as Minister of State for Finance. During the cplenary session on Wednesday, Senate President Godswill Akpabio announced the confirmation after a voice vote at the Committee of the Whole. Oyedele, a renowned public policy expert and economist, is slated to step into the role of Minister of State for ...
The Chief Justice of Nigeria (CJN), Hon. Justice Kudirat M. O. Kekere-Ekun, has underscored the vital role of the Federal Competition and Consumer Protection Commission (FCCPC) in maintaining the integrity of the Nigerian marketplace.Speaking at the opening of a three-day Competition and Consumer Protection Law Conference held at the National Judicial Institute (NJI) in Abuja ...
The Group Chief Executive Officer (GCEO) of Guaranty Trust Holding Company (GTCO), Mr Segun Agbaje, has been named the winner of the 2025 Banking Pioneer Award by the Texcellence Conference Awards. The awards was organised by CWG Plc and now positioned as the definitive gathering for Africa’s technology leaders and an enterprise community that sets ...
United Bank for Africa (UBA) Plc is bringing together a powerhouse panel of female leaders for a special Women’s Month edition of its UBA Business Series. The event, themed “Gen W: The Evolved Woman,” is set for Wednesday, March 12, 2026, at UBA House in Lagos, and will also be broadcast live to a global ...
The Office of the Accountant-General of the Federation (OAGF) has issued a formal clarification regarding the non-payment of February 2026 salaries to staff within the Federal Ministry of Steel Development and four other government agencies. In a press statement released from the Treasury House on Monday, March 9, the OAGF attributed the delay to specific personnel cost ...
FCMB Group has officially secured its position as an international banking entity after meeting the N500 billion minimum capital requirement mandated by the Central Bank of Nigeria. This achievement marks a significant transition from its previous national license status, which required a lower threshold of N200 billion. By completing this capital raise ahead of the ...
United Bank for Africa (UBA) Plc is bringing together a powerhouse panel of female leaders for a special Women’s Month edition of its UBA Business Series. The event, themed “Gen W: The Evolved Woman,” is set for Wednesday, March 12, 2026, at UBA House in Lagos, and will also be broadcast live to a global digital ...
...as airport prepares to commence international hajj operations Dr. Akutah Pius Okeyima, the Executive Secretary and CEO of the Nigeria Shippers’ Council has hailed the Gateway International Airport as a transformative piece of infrastructure capable of resolving long-standing bottlenecks in cargo movement across Nigeria and the West African sub-region. The Shippers' Council boss made this ...
As the March 31 deadline for the bank recapitalisation exercise of the Central Bank of Nigeria (CBN) draws near, the apex bank says 30 banks have met the new capital requirements.CBN Acting Director, Corporate Communications Development, Mrs Hakama Sidi-Ali, said this in a statement on Friday in Abuja. According to Sidi-Ali, as of March 6, ...
President Bola Tinubu has ordered the immediate suspension of the recently introduced cashless toll gate system at Nigeria’s airports following widespread reports of chaos, traffic congestion, and stranded passengers. The directive comes just days after the policy took effect on March 1, 2026, as part of a move to digitize revenue collection at federal aviation facilities. The ...
Group Managing Director of United Bank for Africa (UBA), Oliver Alawuba, and the Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Saidu Mohammed has jointly asserted that Nigeria’s path to energy security lies in transitioning from policy concepts to bankable, physical infrastructure. Speaking iin Calabar at the Energy Cross ...
The Niger Electricity Distribution Company (NEDC), a subsidiary of Abuja Electricity Distribution Plc (AEDC), has formally commended the Niger State Government for its aggressive deployment of solar mini-grids and renewable energy solutions across the state. The initiative, led by Governor Mohammed Umaru Bago, marks a transformative shift in the state’s energy landscape, targeting over 180 ...
....as Lekki Port outpaces Onne Port, Apapa Port in cargo volume Nigeria’s maritime sector has recorded a significant surge in cargo volumes and a strategic shift toward export-led trade according to the 2025 Operational Performance Report released by the Nigerian Ports Authority (NPA) on Tuesday. The report revealed that the total cargo throughput jumped by ...
In a strategic realignment of his economic team, President Bola Ahmed Tinubu has nominated Taiwo Oyedele as the Minister of State for Finance. This high-profile appointment marks the end of Oyedele’s tenure as the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, where he gained national prominence for leading a comprehensive overhaul ...
President of Dangote Group, Aliko Dangote, has unveiled plans to expand into steel production, electricity generation and port development as part of a broader ambition to accelerate industrialisation across Africa. Dangote, whose conglomerate spans cement, sugar, salt, fertiliser, and petrochemicals, said his long term goal is to deepen Africa’s manufacturing base beyond oil refining and ...
The Office of the Accountant-General of the Federation (OAGF) has commenced the payment of February 2026 salaries to Federal Government treasury-funded workers. Payments began on Monday, March 2, 2026 according to a statement issued on Monday by Bawa Mokwa, Director, Press and Public Relations OAGF. The Office explained that the delay in the payment of the ...
President of Dangote Group, Aliko Dangote, has unveiled plans to expand into steel production, electricity generation and port development as part of a broader ambition to accelerate industrialization across Africa. Dangote, whose conglomerate spans cement, sugar, salt, fertiliser, and petrochemicals, said his long term goal is to deepen Africa’s manufacturing base beyond oil refining and ...
Several Nigerian billionaires have channelled their wealth into structured philanthropic foundations that support education, healthcare, economic empowerment and social development across Nigeria and the wider African continent. Aliko Dangote, widely regarded as Africa’s richest individual, chairs the Aliko Dangote Foundation, one of the largest private foundations in sub-Saharan Africa. Founded in 1994 and formally endowed ...
The Organisation of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, reached a decision on Sunday to increase oil output by 206,000 barrels per day (bpd) effective this April. This announcement followed a virtual meeting where key member nations including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and ...
Dangote Cement Plc has reported a 20.3 per cent revenue growth to N4.31 trillion for the year ended Dec. 31, 2025. This compares with N3.58 trillion recorded in 2024, according to a corporate disclosure filed on Nigerian Exchange Ltd. on Saturday. The company said its Nigerian operations contributed N2.96 trillion, up from N2.19 trillion in ...
