By PAULINA NZERUBE THE Personal Pension Plan (PPP) has grown nearly ninefold in four years, rising from ₦168.63 million in 2021 to ₦1.46 billion in 2025, according to the Pension Fund Operators Association of Nigeria (PenOp). PenOp CEO, Oguche Agudah, stated in Lagos that the scheme—formerly called the Micro Pension Plan (MPP)—was rebranded to attract […]
WITH just six months left until the 31st March 2026 deadline set by the Central Bank of Nigeria (CBN) for banks to recapitalise, fresh concerns are mounting across the financial sector as only 14 out of the country’s 24 licensed commercial banks have met the new capital thresholds. The recapitalisation directive, issued in 2024, demands […]
₦ THE Nigerian Exchange Limited (NGX) witnessed a surge in trading activity last week as investors exchanged 3.188 billion shares worth ₦99.685 billion in 132,711 transactions, reflecting an increase in both volume and value compared to the preceding week. The figure represents a 10.4 per cent rise in transaction value from the 3.117 billion shares […]
THE Ambassador of the Corporate Affairs Commission (CAC), Mr. Michael Nwabufo, popularly known as Mike Premium, has officially launched an AI-powered business registration portal, a groundbreaking innovation designed to simplify and accelerate the process of registering businesses in Nigeria. Nwabufo, who also serves as the President of the Practitioners of Content Creating, Skit Making and […]
THE Dangote Petroleum Refinery has announced a significant step in reshaping Nigeria’s fuel supply chain, revealing a new pricing structure for Premium Motor Spirit (PMS) and plans to commence direct distribution of petrol to filling stations nationwide from Monday 15 September 2025. In a statement released Thursday, the refinery confirmed that the gantry price has […]
By Stephen Chuks REACTIONS have continued to trail the new tax law that starting from January 1, 2026, anyone who wants to open or run a bank account in Nigeria — whether Nigerian or foreign resident — will need a Tax Identification Number (TIN). No Tax ID, no bank account. The rule, part of the […]
THE Federal Competition and Consumer Protection Commission (FCCPC) has received praise from consumers after resolving 9,091 complaints across 20 sectors and recovering over ₦10 billion for aggrieved customers within the last six months. The commendations poured in on Friday via the commission’s official X handle, with many urging FCCPC to sustain its momentum and intensify […]
THE Federal University Oye-Ekiti (FUOYE) branch of the Academic Staff Union of Universities (ASUU) has embarked on an indefinite strike over non-payment of lecturers’ salaries. The union announced the decision in a letter dated Thursday and addressed to the institution’s Acting Vice-Chancellor, Prof. Olubunmi Shittu. The letter was jointly signed by the branch chairman, O. […]
DANGOTE Cement Plc has announced that it has paid a total of ₦3.3 trillion in dividends to shareholders over the past 15 years. The disclosure was made on Wednesday during the company’s “Facts Behind the Figures” presentation at the Nigerian Exchange Limited (NGX) in Lagos. Emmanuel Ikazoboh, the newly appointed Chairman of Dangote Cement who […]
THE Federal Government of Nigeria has officially gazetted its new tax reform laws, with full implementation set to begin January 1, 2026. The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, disclosed this development in a post on X (formerly Twitter) on Monday. The newly gazetted laws include: Nigeria Tax […]