Business

EFCC indicts banks, Fintechs in N162bn scams

The Economic and Financial Crimes Commission (EFCC) has indicted a new generation bank, six Fintechs and microfinance banks in major financial scams by allowing fraudsters to launder huge sums of…

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FG to NEF, gold refinery in Lagos is privately-owned

…… your allegations, not true, misleading. The Federal Ministry of Solid Minerals Development has dismissed claims by the Northern Elders Forum (NEF) that the Federal Government sited a gold refinery…

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New tax law: Traders, business owners opt for cash transactions

Some traders, business owners now prefer cash payment from customers for goods and services rendered. This followed implementation of the new tax law, a recent study reveals. Some of the…

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Stocks rally as investors gain N745bn on bullish open

The Nigerian stock market opened the week on a bullish note on Monday, with investors gaining N745 billion as market capitalisation climbed to N104.5 trillion. The rally was driven by…

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NCC, CBN to unveil refund framework for failed airtime, data transactions

The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have drawn up a framework to address consumer complaints arising from unsuccessful airtime and data transactions. The NCC’s…

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Apapa customs generates N2.93trn in 2025

The Apapa Customs Command of the Nigeria Customs Service (NCS) says it generated N2.93 trillion revenue in 2025 representing 24.32 per cent  increase compared to 2024 record. The Customs Area…

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ICPC rejects Dangote’s request to withdraw petition against ex-NMDPRA boss

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has rejected Alhaji Aliko Dangote’s request to withdraw his petition against Farouk Ahmed, former NMDPRA boss, whom he accused of…

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DG Budget Office explains repeal, re-enactment of 2024, 2025 Appropriation Acts

……… and Budget transparency The Director General of the Budget Office of the Federation (BOF), Tanimu Yakubu, has noted recent public commentary on the repeal and re-enactment of the 2024…

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FirstBank MD projects stability, lending growth in 2026

The Managing Director of First Bank of Nigeria Ltd., Mr Olusegun Alebiosu, says Nigeria is entering 2026 with stronger economic momentum as reforms begin to stabilise markets, lift investor confidence…

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Minister: 2026 budget well-planned instrument to solidify Tinubu’s reforms

The Minister of Information and National Orientation, Alhaji Mohammed Idris, says the 2026 budget is a well-planned instrument to solidify the gains of President Bola Tinubu’s reform agenda, already yielding…

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