The Federal Government (FG) has instructed all banks and fintech companies to collect and remit a 7.5% Value-Added Tax (VAT) on certain electronic banking services, starting Monday, January 19, 2026. This directive aims to standardise VAT collection across Nigeria’s growing digital economy and
In a major development aimed at improving Nigeria’s security landscape, the United States has delivered critical military supplies to Nigerian forces, reinforcing the deepening partnership between both nations in tackling insurgents, terrorist groups, and criminal gangs. Strengthening Security Operations On January 13, 2026, the U.S. Africa Command (AFRICOM)
The Central Bank of Nigeria (CBN) has confirmed that only 82 Bureaux De Change (BDCs) have met its new guidelines and are licensed to operate, effective 27 November 2025. This move follows the introduction of stricter regulations in February 2024, aimed at ensuring a more stable and secure foreign exchange sector in Nigeria. New Guidelines for BDC
Ondo State Governor, Lucky Aiyedatiwa. Photo: Ondo State Government House Ondo State Governor, Lucky Aiyedatiwa, has approved the recruitment and training of 500 new Amotekun Corps officers as part of ongoing efforts to improve community policing and enhance security across the state. The announcement was made at the inauguration of 130 new
The Mary Ojulary Foundation has announced that it has disbursed $180,000 to young Nigerian entrepreneurs, aiming to strengthen small businesses and promote sustainable economic opportunities across the country. Supporting Youth, Women, and Children The announcement was made by Mary Ojulary, the Founder, during the award night for the second cohort of the
Nigeria has been thrown into shock again following the abduction of students and staff at St. Mary’s Catholic Boarding School in Papiri, Niger State. Armed men stormed the school during the early hours, taking away dozens of students and workers. The attack has left many families devastated and worried about the rising insecurity affecting schools across the
Nigeria’s insurance industry closed Q3 2025 on a broadly positive note, as gross insurance revenue rose and investment income strengthened among leading underwriters — even as profitability remained mixed. The gains came despite macroeconomic headwinds, including rising costs and higher claims. Coronation Insurance: Revenue Surge Amid Underwriting Pressures
The Jericho Businessmen Club (JBC) has launched the Future-Ready Youth Digital Bootcamp — an initiative designed to equip young people in Ibadan, Oyo State, with essential digital skills to thrive in the global tech economy. The three-day intensive bootcamp, which began on November 12 at the Ibadan Business Hub, introduces 52 selected participants to key […]
Nigeria is at the centre of two major global initiatives that promise real benefits for citizens — a $1 billion World Bank job creation loan and fresh climate investment opportunities under the COP30 framework. Both initiatives have the potential to create jobs, expand businesses, and open doors for Nigerians ready to take advantage of them. […]
Nigeria has taken a bold step towards digital transformation and economic independence with the commissioning of Africa’s largest fibre optic cable factory and the continent’s first fibre-reinforced plastic manufacturing facility. Built by Coleman Technical Industries Limited in Sagamu, Ogun State, this development strengthens Nigeria’s competitiveness under the African

















