Business & Economy - Page 39

The Nigerian Naira experienced a relatively stable start to the week against the US Dollar across the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, according to data monitored on Monday, December 8, 2025. NFEM Rate Holds Steady In the

The Miners Association of Nigeria (MAN) says banning of mining activities in the country is not the solution to  security challenges in the country. The association made this known in a statement jointly signed by its National President, Dele Ayankale and its

The Corporate Affairs Commission (CAC), has announced a decisive regulatory move to sanitise Nigeria’s rapidly expanding Point-of-Sale (PoS) industry, declaring January 1, 2026, as the enforcement date for mandatory registration of all PoS operators nationwide. Rising Concerns Over Unregistered PoS Operators In

Aliko Dangote, president of the Dangote Group, has criticised wealthy Nigerians who prioritise Rolls-Royce vehicles and private jets instead of investing in industries for job creation. Speaking with journalists on Friday, the industrialist said Nigeria cannot develop by depending on imports, arguing

🟢 Q1: * When will the new Nigeria Tax Act take effect? A1: * The new Nigeria Tax Act takes effect from 1st January 2026. 🟢 Q2: * Which specific individuals does the Nigerian Tax Law apply to? A2: * It applies

Senator Adams Oshiomhole, who represents Edo North, has urged lawmakers to tighten control over financial services that operate outside regular banks. He told his colleagues that many digital platforms are not properly monitored, making them easy targets for cybercriminals. He asked the

In one of its strongest regulatory moves aimed at safeguarding consumers from the surge in electronic fraud, the Central Bank of Nigeria (CBN), has directed banks and other financial institutions to reimburse victims of Authorised Push Payment (APP), fraud within 48 hours

By Dr Alex Otti Being the Text of the 37th Convocation Lecture of the Federal University of Technology Owerri I would like to begin by expressing my profound gratitude to Management of the Federal University of Technology Owerri (FUTO) for the privilege

A prominent industrialist in Aba, Abia’s economic hub, Chief John Udeagbala, says digital capacity remains the core driver of modern commerce, manufacturing and global competitiveness. Udeagbala, a former National President, Nigeria Association of Chambers of Commerce, Industries, Mines and Agriculture (NACCIMA), spoke