Business & Economy - Page 4

The Nigeria Revenue Service has said the phased implementation of the new Tax Act is a deliberate strategy designed to address potential challenges associated with introducing the revised tax regime. Speaking at an e-invoicing compliance workshop and stakeholders’ engagement organised by eTranzact

Negotiations over the proposed merger of Providus Bank and Unity Bank have been stalled over the huge amount of insider credits owed by the directors of Unity Bank. The exact amount of the loan is not clear, but a well-informed management staff

The Federal Government has rolled out 2,000 tractors and more than 9,000 precision farming implements in a bold move to ignite what it described as a national agricultural productivity revolution. The equipment, aimed at boosting food production and strengthening national food security,

The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate stood at 15.10  per cent in January. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for January, released in Abuja on Monday. According to the report,

Sterling Financial Holdings Company Plc has confirmed that its core banking subsidiaries, The Alternative Bank (AltBank) and Sterling Bank, are fully recapitalised in line with the Central Bank of Nigeria’s (CBN) revised minimum capital requirements. This is following final regulatory approvals received

The Executive Chairman of the Nigeria Revenue Service (NRS), Mr Zacch Adedeji, says integration of technology in revenue systems is critical to reforming the country’s tax administration. Adedeji said this during the Federal Capital Territory Internal Revenue Service (FCT-IRS) stakeholder engagement forum

The Centre for the Promotion of Private Enterprise (CPPE) says employee corruption and occupational fraud have emerged as a major but often overlooked threats to the stability and survival of Nigeria’s Micro, Small and Medium Enterprises (MSMEs). The Founder of CPPE, Mr

A property management, investment and development company, Afriland Properties Plc., has pledged to provide verified property investment opportunities and institutional-grade project delivery to address risks faced by diaspora investors. The company said on Sunday that it was set to provide such interventions

The Managing Director of the Nigerian Ports Authority (NPA), Dr Abubakar Dantsoho, has urged traders and investors to leverage new export channels to reposition Nigeria globally. Marking the 2026 NPA Special Day on Saturday, Dantsoho said the authority introduced simplified processes to

Recent trends in Nigeria’s power sector suggest that infrastructure development will be the defining factor shaping electricity performance in 2026, despite notable policy and revenue reforms recorded over the past two years. The years 2024 and 2025 marked a pivotal phase for