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Nigeria Customs Introduces Temporary Vehicle Import Procedure For International Visitors 0
- BUSINESS, SLIDE
- January 8, 2026
The Nigeria Customs Service (NCS) has introduced a new procedure that allows international visitors to temporarily bring their personal vehicles into Nigeria, a move aimed at easing travel, promoting tourism, and facilitating cross-border business activities. Under the arrangement, eligible visitors can import their vehicles into the country for a limited period without paying full import
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Tax Law: ₦5tn VAT Windfall For States As New Formula Begins 0
- BUSINESS, SLIDE
- January 8, 2026
Nigeria’s states are set to receive a major revenue boost following the commencement of a new Value Added Tax (VAT) sharing formula, with projections indicating a combined windfall of about ₦5 trillion. The revised formula, which took effect this fiscal period, places greater emphasis on derivation and consumption, reducing the weight previously assigned to
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Alleged Missing ₦128bn Was Before My Appointment As Minister, Adelabu Replies SERAP 0
- BUSINESS, SLIDE
- January 6, 2026
The Minister of Power, Adebayo Adelabu, has denied responsibility for the alleged missing ₦128 billion in the electricity sector, saying the funds in question predated his appointment as minister. Adelabu was responding to claims and demands by the Socio-Economic Rights and Accountability Project (SERAP) for explanations over the alleged unaccounted sum. Ndidi’s Simple Gesture
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Petrol May Hit N1,400 Per Litre Without Local Refining – Dangote 0
- BUSINESS, SLIDE
- January 6, 2026
Africa’s richest man and President of the Dangote Group, Aliko Dangote, has warned that the pump price of petrol in Nigeria could rise to as high as N1,400 per litre if the country continues to rely heavily on imported refined petroleum products. Dangote said the absence of sufficient local refining capacity exposes Nigeria to
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Tax Avoiders Spreading Rumours Against New Laws, Says NRS Chairman 0
- BUSINESS, SLIDE
- January 5, 2026
The chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, has said that individuals spreading rumours about Nigeria’s new tax laws are largely tax avoiders seeking to mislead the public. He dismissed claims circulating on social media that personal bank transfers would be taxed under the new regime. Adedeji clarified that the allegations, particularly
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Ex-Depot Petrol Hits ₦800/Litre As Dangote Refinery Shuts PMS Unit 0
- BUSINESS, SLIDE
- January 3, 2026
Private Depot Owners Hike Ex-Depot Petrol Price to ₦800/Litre as Dangote Refinery Shuts Petrol Unit for Planned Maintenance and upgrades Nigeria’s downstream petroleum market has witnessed a sharp price reversal, with private depot owners lifting the ex-depot price of Premium Motor Spirit (PMS, commonly known as petrol) to ₦800 per litre across major locations. This
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