By Seun Ibiyemi The Executive Chairman of the National Revenue Service (NRS), Zach Adedeji, has said the 2026 tax reforms position the agency to generate N40.7 trillion in taxes and royalties. Adedeji made this known on Wednesday at a roundtable in Abuja organised by the House of Representatives Committee on Appropriations for key stakeholders in…
By Seun Ibiyemi Nestlé Nigeria Plc has reported a 26 per cent increase in revenue to N1.2 trillion for the full year ended December 31, 2025, compared to N958.8 billion recorded in 2024. The company disclosed this in its corporate filing with the Nigerian Exchange Limited on Wednesday, highlighting a strong financial turnaround during the…
By Seun Ibiyemi The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a final reminder to prospective investors, announcing that the window for pre-qualification applications for the Nigeria 2025 Licensing Round will close on Friday, February 27, 2026. In a public notice released on Wednesday, the Commission stated that the registration and submission portal would…
By Seun Ibiyemi The Economic and Financial Crimes Commission, EFCC, on Wednesday, February 25, 2026, arraigned three senior officials of the Nigerian Railway Corporation (NRC) before a Lagos State High Court sitting in Ikeja over alleged abuse of office, money laundering, collection of bribes from railway contractors to secure contracts from the NRC, and unlawful…
By Olakunle Oke A coalition of civil society organisations under the aegis of the Coalition for Good Governance (CGG) has called on the Lagos State Government not to rescind its decision to clear buildings erected under high-tension power lines in Makoko, while also demanding the immediate implementation of a comprehensive development plan for the waterfront…
By Adeyemi David President Bola Tinubu on Wednesday tasked Olatunji Disu, the Acting Inspector-General of Police, to take full charge of the force, restore peace, and strengthen security across the country. The President made the remarks while decorating Disu at the Council Chambers of the Presidential Villa as Acting IGP, following the retirement of Kayode…
By Femi Akinwami An Ikeja Special Offences Court on Wednesday admitted a petition and 39 annexures as evidence in the ongoing trial of former Ahmed Kuru amcon md”], former Managing Director of the Asset Management Corporation of Nigeria (AMCON), over an alleged fraud involving N76 billion and $31.5 million.Alleged $25.5m debt: Court freezes account of Green…
By Seun Ibiyemi The Nigerian Shippers’ Council (NSC) has sensitised border stakeholders in Badagry, Lagos State, on trade facilitation measures aimed at ensuring seamless cross-border transactions and achieving 24-hour export clearance to neighbouring countries. Speaking at a one-day sensitisation programme themed “Empowering Cross-Border Trade Through Trade Information,” the Director of Consumer Affairs, Mrs. Ify Okolue,…
By Seun Ibiyemi The Nigerian naira witnessed mixed performance in the foreign exchange market on Wednesday, with the local currency slightly weakening in the official window even as it showed strength in the parallel market amid continued policy interventions. According to data from the official foreign exchange segment, the naira depreciated modestly, trading around ₦1,359…
By Adeyemi David The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has dismissed claims that former Kaduna State governor, Nasir el-Rufai, suffered a nosebleed while in its custody.More troubles as ICPC raids El-Rufai’s residence ICPC spokesperson, Okor Odey, was reacting to allegations made by El-Rufai’s aide, Muyiwa Adekeye, who had claimed that the…
