Business
FG directs banks, fintechs to remit VAT on service fees
The Federal Government has directed banks and fintechs to collect a 7.5% Value-Added Tax (VAT) on certain electronic banking services, effective January 19, 2026.…
Business
Business
AFCON 2025: Davido Loses ₦495 Million Bet as Super Eagles Fail to Beat Morocco
The 2025 Africa Cup of Nations semi-final clash between Nigeria and Morocco delivered heartbreak on multiple fronts, but few losses captured public attention quite…
Business
End of an Era? Oil Marketers Say Dangote Refinery Has Overtaken Petrol Imports
Nigeria’s long-standing dependence on imported petrol may be approaching a historic turning point as oil marketers reveal that supplies are increasingly being sourced locally…
Business
US Visa Bond Sparks Debate As Expert Warns Nigeria Against Retaliation
The introduction of a proposed 15,000-dollar visa bond by the United States has continued to generate reactions across Nigeria’s diplomatic and policy circles. An…
Business
Flutterwave Acquires Nigerian Open Banking Startup Mono in $40m Deal
Flutterwave, Africa’s largest fintech company, has acquired Nigerian open banking startup Mono in a deal valued between $25 million and $40 million, marking one…
Business
Banks Shut 229 Branches Nationwide as POS Usage Surges
Nigeria’s banking landscape is undergoing a profound but largely understated transformation, one that is steadily redrawing how millions of citizens access money, make payments,…
Business
Naira Exits Africa’s Bottom Ten Worst Currencies List, Signs of Stability in 2025
Nigeria’s naira ended 2025 outside Africa’s list of the ten worst-performing currencies, marking nearly two years of improved performance after previous sharp devaluations. DDM…
Business
Naira Gains N100 As Dollar Weakens, Reserves Hit $45.5bn
(DDM) – Nigeria’s national currency, the naira, recorded a notable rebound in 2025, appreciating by nearly N100 against the United States dollar, while the…
Business
How to Obtain Your Tax Identification Number (TIN) in Nigeria Using Your NIN: A Comprehensive Step-by-Step Guide
In recent years, Nigeria’s push toward digital governance and improved revenue administration has brought tax compliance to the forefront of everyday life. What was…
Business
Inside the Collapse of Shoprite Nigeria: How a ₦2.4 Billion Moniepoint Loan, Debt Culture, and Mismanagement Led to Empty Shelves and Eventual Shutdown
When the shelves of Shoprite outlets across Nigeria began to thin out, many shoppers assumed it was just another supply chain disruption in an…
