The Nigerian banking sector is entering a decisive phase as the March 31, 2026 deadline set by the Central Bank of Nigeria for bank recapitalisation approaches. Recent reports show that 31 banks have already met the new minimum capital requirements,…
The Dangote Petroleum Refinery has announced a reduction in its ex-gantry price of petrol to N1,075 per litre, marking the first decrease after three consecutive price increases that had pushed the cost of the product higher in recent weeks. Details…
Long queues are beginning to build across filling stations in Lagos and environs, where Premium Motor Spirit (PMS), also known as petrol, is still selling below N1,000 per litre, as motorists rush to secure cheaper fuel. A market survey on…
By Farooq Kperogi Nigerian banks may be the only financial institutions in the world where the bank and the government form a tag team against the customer. They charge you when money enters your account. They charge you when money…
President Bola Tinubu has set up an 11-member committee to facilitate the creation of the Grid Asset Management Company Limited (GAMCO), a new initiative designed to tackle long-standing problems in Nigeria’s power sector. The committee follows the approval by the…
Nigeria will roll out its long-awaited National Single Window platform on March 27, marking a major step in the Federal Government’s efforts to reform the country’s trade and revenue systems. The development was disclosed on Wednesday in a statement shared…
The House of Representatives has begun steps to recover more than $7 billion said to be owed to the Federation Account by foreign airlines operating in Nigeria. The development was disclosed on Tuesday in Abuja by the Chairman of the…
Lagos & Abuja —The Federal Airports Authority of Nigeria (FAAN) has appealed for understanding from motorists and air travellers after the rollout of its nationwide Go-Cashless payment system led to unexpected traffic delays at key airport access points on Sunday….
The Nigeria Civil Aviation Authority (NCAA) has instructed Overland Airways to refund passengers who were incorrectly charged Value Added Tax (VAT) on flight tickets purchased before January 1, 2026. The directive followed clarification from the Nigeria Revenue Service (NRS) regarding…
The Federal Airports Authority of Nigeria (FAAN) has announced that cash transactions will no longer be accepted at any of its airport revenue points across the country effective March 1, 2026, marking the final phase of the agency’s “Operation Go-Cashless”…
