Business
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Nigeria Bans Cash Payments for Government Services from January 2026
The Federal Government will completely digitalize all revenue collection processes across Ministries, Departments, and Agencies effective January 1, 2026, in a major reform aimed at plugging revenue leakages. The Office of the Accountant General of…
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Nigerian Filling Stations Reduce Fuel Prices After FG Suspends 15% Import Duty
Fuel prices have started to decline across Nigeria following the Federal Government’s suspension of a planned 15% import duty on petrol and diesel, bringing relief to motorists and businesses. According to reports from major cities,…
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FG Suspends Planned 15% Import Duty on Petrol, Diesel
The Federal Government has suspended the implementation of the proposed 15 percent import duty on petrol and diesel, earlier scheduled to take effect on November 21, 2025. The Nigerian Midstream and Downstream Petroleum Regulatory Authority…
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Nestlé to lay off 16,000 workers in global restructuring plan
Global food and beverage powerhouse Nestlé has unveiled plans to cut 16,000 jobs worldwide over the next two years, in what marks one of its largest workforce reductions in recent years. The move forms part…
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Bank Accounts Linked to Mele Kyari Frozen Over Alleged ₦661 Million Fraud
A Federal High Court in Abuja, on Tuesday, 2025, ordered the temporary freezing of four bank accounts linked to former NNPCL Group Managing Director, Mele Kyari, following an ex parte application by the EFCC, which…
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Petrol Now ₦820 as Dangote Refinery Cuts Price, Launches Green Truck Fleet
In a bold move set to ease pressure on motorists and businesses, Dangote Petroleum Refinery has slashed the ex-depot price of petrol by ₦30, bringing it down from ₦850 to ₦820 per litre. The price…
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NIIRA 2025: Tinubu Signs Game-Changing Insurance Law
President Bola Tinubu has triggered the biggest shake-up in Nigeria’s insurance history by signing the Industry Reform Bill 2025 a move designed to fortify the financial sector and fast-track the nation’s push toward a $1…
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NNPC Rules Out Sale of Port Harcourt Refinery, Reaffirms Commitment to Rehabilitation
The Nigerian National Petroleum Company Limited (NNPC Ltd) has officially ruled out the sale of the Port Harcourt Refining Company, ending weeks of speculation about the fate of one of the country’s most strategic energy…
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Aliko Dangote Retires as Chairman of Dangote Cement Plc, Emmanuel Ikazoboh Appointed Successor
Africa’s richest man and founder of the Dangote Group, Aliko Dangote, has formally stepped down as the Chairman of the Board of Directors of Dangote Cement Plc. The announcement was made in an official statement…
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Massive Ponzi Meltdown: Senate Investigates ₦1.3tn Crypto Fraud
The Nigerian Senate on Wednesday initiated a far-reaching investigation into the alarming proliferation of Ponzi schemes in the country, following the catastrophic collapse of Crypto Bridge Exchange (CBEX)—a digital investment platform that allegedly defrauded Nigerians…
