NMDPRA: Farouk Ahmed hands over to Saidu Mohammed
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has confirmed the formal transfer of leadership from outgoing Chief Executive […]
African Business News
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Lagos Property Tax Revenue Can Reach N1tn Annually
Lagos State has the potential to generate up to N1 trillion annually from property tax if the sector’s potential is
African Business News
Meta Faces Probe Over WhatsApp AI Chatbot Dominance
Italian regulators have ordered Meta to open its WhatsApp platform to rival AI chatbots, amid an ongoing probe into the
Nigeria Tax Law Alterations Sparks Debate Amid Investigation
The chairman of Nigeria’s Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has urged restraint over claims of alterations
Nigeria power outage to last 48 hours nationwide
Nigeria Faces Electricity Shortage Ahead of Christmas A significant drop in power supply has hit Nigeria, leaving some residents without
African Business News
Trump H1B visa fee upheld by US judge despite harm
A US federal judge has upheld President Donald Trump’s decision to impose a $100,000 fee for processing H-1B visa applications,
African Business News
Venezuela oil Chevron walks tightrope amid US sanctions
The US oil company Chevron is navigating a delicate situation in Venezuela, where it remains the only foreign entity permitted
African Business News
BP sells Castrol stake for $6 billion
BP has agreed to sell a majority stake in its Castrol lubricants business to US investment firm Stonepeak, as part
Tax Reform Chairman Denies Describing Regulation as Fake
The chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has denied reports suggesting that he described
African Business News
Nigeria Records 2.66trn Fiscal Deficit
The Nigerian federal government recorded a fiscal deficit of 2.66 trillion in the second quarter of 2025, according to the
Pensioners receive extra N2.68bn in Contributory Pension Scheme payments
The National Pension Commission (PenCom) has announced that retirees enrolled in the Contributory Pension Scheme (CPS) have received an additional
African Business News
Dollar heads for worst year since 2003 performance
The US dollar is on track to record its worst annual performance in over two decades, according to a Reuters