BUSINESS

Electricity Tariff Hike Looms As Power Generators Mount Pressure 0
- BUSINESS, SLIDE
- April 7, 2026
Electricity consumers across Nigeria may soon face higher tariffs as power generation companies (GenCos) intensify pressure on the Federal Government over mounting financial challenges in the sector. The GenCos have raised concerns about the growing debt owed to them and the rising cost of operations, warning that the current pricing structure is no longer
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Tinubu Seeks Senate Approval For $6 Billion Loans 0
- BUSINESS, SLIDE
- March 31, 2026
President Bola Ahmed Tinubu has formally requested approval from the Nigerian Senate to secure a total of $6 billion in external loans aimed at funding critical national projects and addressing budgetary shortfalls. The request, detailed in two separate letters, was presented during plenary and directed to Senate President Godswill Akpabio. The move signals the
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Presidency Pushes For Electric Vehicle Adoption In Nigeria 0
- BUSINESS, SLIDE
- March 28, 2026
The Nigerian presidency is stepping up efforts to accelerate the adoption of electric vehicles (EVs), positioning the initiative as a key part of the country’s long-term energy and economic strategy. With rising fuel costs and the global shift toward cleaner energy, the government says transitioning to electric mobility will help reduce Nigeria’s dependence on
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𝐏𝐞𝐭𝐫𝐨𝐥, D𝐢𝐞𝐬𝐞𝐥 V𝐞𝐬𝐬𝐞𝐥𝐬 A𝐫𝐫𝐢𝐯𝐞 𝐍𝐢𝐠𝐞𝐫𝐢𝐚 A𝐦𝐢𝐝 P𝐫𝐢𝐜𝐞 S𝐮𝐫𝐠𝐞 0
- BUSINESS, SLIDE
- March 17, 2026
Fresh shipments of petrol and diesel have arrived in Nigeria amid a persistent surge in fuel prices, raising concerns among consumers and industry stakeholders over the stability of supply and affordability of energy products. The arrival of multiple fuel-laden vessels at key ports is expected to ease supply constraints that have contributed to recent
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Nigeria’s Inflation Rate Falls To 15.06%0
- BUSINESS, SLIDE
- March 17, 2026
Nigeria’s headline inflation rate recorded a marginal decline to 15.06 percent in February 2026, according to the latest Consumer Price Index report released by the National Bureau of Statistics. The new data reflects a modest easing in annual inflation, though short-term price pressures continue to challenge households. The statistics agency revealed that the February
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Every Lagos Resident Must File Annual Tax Returns Before March 31 – LIRS 0
- BUSINESS, SLIDE
- March 12, 2026
The Lagos State Internal Revenue Service (LIRS) has reminded all residents of the state to file their annual tax returns on or before March 31, in line with the provisions of the Personal Income Tax Act (PITA). In a public notice, the agency stated that every taxable person residing in Lagos State is required to
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