KWIRS Shortlists Six Schools for N2.5m Tax Quiz Final
Twelve schools battled for a place in the final, but only six made it The Kwara Internal Revenue Service (KWIRS) has concluded the semi-final stage of its 2026 Tax Club Quiz Competition, with six schools emerging as finalists. The exercise, held on Wednesday, October 7, 2026, was conducted via an online Computer-Based Test (CBT). The […]
Bitget Suffers $351 Million Hot Wallet Breach, Assures Users Funds Are Safe
Cryptocurrency exchange Bitget has confirmed that approximately $351.6 million was drained from its hot and warm wallets following an unauthorized security breach. The suspicious activity was flagged by the exchange’s security systems at 18:31 UTC on Thursday, prompting the immediate activation of emergency response protocols and a temporary suspension of platform withdrawals. Deposits and trading, […]
CBN Slashes Benchmark Interest Rate to 23% Amid Easing Inflation
The Central Bank of Nigeria (CBN) has lowered its benchmark interest rate to 23% from 26.5%, marking a significant shift in monetary policy following months of tighter credit conditions. CBN Governor Olayemi Cardoso announced the decision on Tuesday in Abuja at the conclusion of the Monetary Policy Committee’s 307th meeting. “The Committee decided as follows: […]
Dangote: Stopping the Refinery Was Not an Option
The President of the Dangote Group, Aliko Dangote, has stated that backing down on the construction of his mega refinery was never an option, driven by his determination to rescue Nigeria from an annual $10 billion fuel subsidy drain. Speaking in a recent interview with Al Jazeera, Dangote explained that billions were previously lost to […]
Aliko Dangote Appointed Grand Patron of Global Entrepreneurship Festival
The Global Entrepreneurship Festival (GEF) has appointed Dangote Group President Aliko Dangote as its Grand Patron, honoring the African industrialist for his contributions to business development and economic transformation. The appointment was formally presented to Dangote by a GEF delegation led by festival president Dr. Summy Smart Francis. During the visit, the board also presented […]
FAAC Distributes N2.338tn as Revenue Falls 22.2%
The Federal Government, states and local government councils shared N2.338tn from the Federation Account in September, representing a 22.2 per cent decline from the N3.007tn distributed in August. The allocation was from revenue generated in August 2026, according to a statement issued on Thursday by the Office of the Accountant-General of the Federation (OAGF). The […]
Uber Announces Exit From Nigeria After 12 Years
Global ride-hailing company Uber has announced plans to end its operations in Nigeria after 12 years in the country. The company said in a statement on Wednesday that its Nigerian operations would cease effective September 2, 2026. Uber began operations in Nigeria with its launch in Lagos in 2014, connecting passengers with independent drivers through […]
IPMAN Urges FG to Cut Petrol Prices Through Dangote Refinery
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Federal Government to intervene in the operations of the Dangote Refinery to help bring down petrol prices across the country. IPMAN National President, Abubakar Maigandi, made the call in an interview held Tuesday, amid a sharp increase in retail petrol prices in Abuja and […]
Nigeria’s Economy Grows 4.43% in Second Quarter of 2026
Nigeria’s real Gross Domestic Product (GDP) grew by 4.43 per cent year-on-year in the second quarter of 2026, marking an improvement from the 4.23 per cent recorded in the same period of 2025 and the 3.89 per cent growth posted in the first quarter of 2026. The latest performance pushed GDP growth for the first […]
Dangote Refinery Drives Sevenfold Rise in Nigeria’s Petroleum Exports
The Dangote Petroleum Refinery has emerged as a major driver of Nigeria’s growing petroleum product exports, with seaborne shipments rising sevenfold since 2023, according to the United States Energy Information Administration (EIA). The EIA said Nigeria’s seaborne petroleum product shipments averaged 561,000 barrels per day in the second quarter of 2026, up sharply from an […]
