BUSINESS Archives - Page 20 of 36

Dangote Refinery Raises Petrol Price As Market Returns To Post-Festive Reality 0
- BUSINESS, SLIDE
- January 27, 2026
Dangote Petroleum Refinery has announced a fresh increase in the price of Premium Motor Spirit (PMS), commonly known as petrol, marking a nationwide adjustment following the end of the festive season. The development is expected to have a direct impact on fuel costs for motorists and households across Nigeria. In a statement released on
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Power Distribution Companies Reject Federal Government Free Meter Plan 0
- BUSINESS
- January 26, 2026
The Nigerian Federal Government recently proposed a free electricity meter distribution program aimed at reducing estimated billing and ensuring accurate metering for electricity consumers. However, several power distribution companies (DisCos) have reportedly rejected the plan. All I Hear Is Anger: Dogara Says ADC Lacks Vision, Urges Patience With Tinubu’s Reforms Reasons for rejection include: Financial
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Abuja Vendors Celebrate As Rice Prices Crash From ₦76,000 To ₦55,000 0
- BUSINESS, SLIDE
- January 21, 2026
Food vendors and market traders in Abuja have expressed relief and excitement following a significant drop in the price of rice, one of Nigeria’s most consumed staple foods. Findings across major markets in the Federal Capital Territory show that a 50kg bag of rice, which sold for as high as ₦76,000 late last year,
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N7.15bn Freeze: Parallex Bank Asks Court To Dismiss FHT Mega Express Suit, Alleges Abuse Of Process 0

Parallex Bank Limited has urged a Federal Capital Territory (FCT) High Court to dismiss the N7.15 billion lawsuit instituted against it by FHT Mega Express Limited, describing the suit as an abuse of court process. The bank made the request through a notice of preliminary objection, asking the court to set aside the interim ex

7.5% VAT To Apply On Bank Transfers, USSD Payments From Jan 19, 2026 0

Nigerians will begin paying a 7.5 percent Value Added Tax (VAT) on mobile bank transfers and USSD transactions starting January 19, 2026, following a new directive backed by the Federal Government. The development marks a major shift in charges applied to everyday electronic banking services widely used across the country. The directive was communicated to

Nigeria Unveils New Crypto Tax Regime Under NTAA 2025, Effective 2026 0

Nigeria has officially introduced a comprehensive cryptocurrency taxation framework under the Nigerian Tax Administration Act (NTAA) 2025, set to take full effect from 2026. The new law formally integrates digital assets and cryptocurrency transactions into the national tax system, a move aimed at regulating and monitoring the rapidly expanding crypto market in the country.