Category: Business

  • FG Defends New Tax Law, Says Reforms Target Relief for Workers and SMBs

    The Federal Government said new tax reforms are designed to reduce burdens on workers and small businesses, blaming misinformation for public fears. Taiwo Oyedele, chair of the Presidential Fiscal Policy and Tax Reforms Committee, highlighted exemptions and harmonisation measures.

    He urged stronger public communication through the National Orientation Agency to prevent false narratives from derailing implementation.

    2025-12-10

    Punch Newspapers

    2025-12-10

  • Naira Slides Further on the Street as Gap Widens With Official Window

    The naira weakened further in the parallel market while holding a different rate at the official NFEM window, widening the spread between both markets. The movement reflects ongoing demand-supply tension in the FX ecosystem.

    Analysts warn that persistent gaps can fuel speculative pricing and complicate planning for import-dependent sectors.

    2025-12-10

    Vanguard

    2025-12-10

  • Power Sector Gets 450MW Relief

    Power Sector Gets 450MW Relief

    Nigeria’s power sector reportedly recorded a 450MW restoration to the national supply, offering temporary relief amid persistent outages.

    The improvement underscores the need for deeper investment in grid resilience, gas supply stability and distribution efficiency.

    Source: Punch, 2025-12-08

  • CBN Grants Final Licences to 82 BDCs

    CBN Grants Final Licences to 82 BDCs

    The Central Bank of Nigeria has granted final operating licences to 82 Bureaux De Change under updated regulatory guidelines, warning the public to transact only with authorised operators.

    The move is part of broader FX-market reforms aimed at tightening compliance and reducing parallel-market abuses.

    Source:The Nation, 2025-12-08

  • SSANU Urges Surveillance Tech for Schools

    SSANU Urges Surveillance Tech for Schools

    The Senior Staff Association of Nigerian Universities has urged governments to deploy modern surveillance technology and strengthen campus perimeter security in response to rising school abduction concerns.

    The union says technology-backed safety is essential to protect staff and students and sustain learning stability.

    Source : The Nation, 2025-12-08

  • PalmPay Launches ‘Purple December’ Rewards Push

    PalmPay Launches ‘Purple December’ Rewards Push

    PalmPay has launched a month-long ‘Purple December’ campaign encouraging users to complete weekly digital tasks for prizes, culminating in a Christmas-themed social challenge.

    The fintech says the activation celebrates user loyalty and highlights everyday digital-payment stories during the festive season.

    Source: Punch, 2025-12-09

  • EFCC Alleges Arik Funds Used to Float NG Eagle

    EFCC Alleges Arik Funds Used to Float NG Eagle

    At the Special Offences Court in Ikeja, the EFCC presented documents alleging that funds linked to Arik Air were used to float NG Eagle Airlines. The trial involves former AMCON officials and corporate entities.

    The matter was adjourned into early January 2026 for continuation of proceedings.

    Source: Vanguard, 2025-12-09

  • TikTok Restricts Late-Night LIVE in Nigeria

    TikTok Restricts Late-Night LIVE in Nigeria

    TikTok has restricted late-night LIVE access for Nigerian users as part of a safety investigation tied to harmful-content concerns. The platform has not stated how long the restriction will remain.

    The move reflects rising global and local pressure on social platforms to tighten safeguards around livestream risks.

    Source: Punch, 2025-12-08

  • Mohbad Family DNA Debate Reignites

    Mohbad Family DNA Debate Reignites

    Mohbad’s father reiterated support for a transparent DNA process regarding the late singer’s son amid intense public debate and legal attention.

    The dispute remains a flashpoint in the broader demand by fans and stakeholders for clarity and justice around the singer’s death and legacy.

    Source: Punch, 2025-12-09

  • Makinde Approves 13th-Month Bonus for Oyo Workers

    Makinde Approves 13th-Month Bonus for Oyo Workers

    Oyo State Governor Seyi Makinde approved a 13th-month salary bonus for 2025 and authorised payment of some outstanding arrears for LAUTECH Teaching Hospital staff.

    The move continues the administration’s worker-welfare messaging amid broader cost-of-living pressures.

    Source: Punch 2025-12-08