News Category - Business
FG GAZETTES NEW TAX LAWS, PREPARATORY FOR IMPLEMENTATION 2026
This comes less than three months after President BOLA AHMED TINUBU signed into the tax reforms laws on June 26, 2025.
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LAGOS BALOGUN MARKET VIOLENCE: ONE PERSON KILLED, ANOTHER HOSPITALISED
The Police spokesman said that the incident at the Balogun Market, which occurred at about 11am, had nothing to do with tribe or ethnicity.
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COURT FREEZES BANK ACCOUNTS OF FORMER NNPLC GMD, MELE KYARI
Part of the revelations in the affidavit indicate that the sum of over Six Hundred and Sixty-Six Million Naira found in the bank accounts are suspected to be proceeds of unlawful activities.
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RAISE TOBACCO TAX TO 100 PERCENT, SAVE LIVES, HEALTHCARE COSTS - CAPPA
“We urge the government to act fast and raise the taxes on tobacco and related products to 100 percent. This is a proven way to not only discourage tobacco and e-cigarette use, but also save billions in healthcare costs.”
Read More →NAFDAC SEIZES N1.5B ILLICIT PRODUCTS IN LAGOS TRADE FAIR MARKET
He said the NAFDAC’s enforcement operations are ongoing simultaneously nationwide, with the aim of safeguarding public health by removing hazardous items from the market.
Read More →6.8 MILLION WHATSAPP ACCOUNTS OPENED BY SCAMMERS DELETED
Meta noted that most of the six-point-eight million blocked Whatsapp accounts were operated from Southeast Asia.
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COUPLE JAILED 22YRS PLUS FOR ILLICIT DRUG DEALINGS,AS NDLEA SECURES FINAL FORFEITURE OF LAGOS HOTEL LINKED TO DRUG CARTEL
AJAH JOHNSON UCHENNA and his wife, ROSEMARY, were first arrested in Ojo area of the state on June 13, by operatives of the Department of State Security with two hundred and seventy-seven-point-five kilograms of skunk, a strain of cannabis.
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WOMAN ARRESTED AT LAGOS TRADE FAIR MARKET OVER COCAINE CONCEALED IN LIPSTICKS
“Two cargo agents linked to the shipment were earlier arrested before the eventual arrest of Nneka, who runs the criminal trade as a family business with her husband Remigus Nwafor."
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HIGH DEATH RATE FROM NCD: EXPERTS EXPLORE MEDIA ROLE IN ENFORCING ‘SALT TARGET AND FRONT OF PACK WARNING’ ON PROCESSED FOODS
People are consuming foods that are heavily processed, high in salt and sugar, and poorly labelled. In other words, illness is no longer just a consequence of poverty or other factors. Akinbode Oluwafemi, Executive Director, CAPPA.
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LAGOS STATE LAUNCHES 'PRODUCE FOR LAGOS' FOOD INITIATIVE, BACKED WITH N500B OFFTAKE FUND
The Governor said that through the programme, food will be grown, jobs created, wastage reduced, and people will receive help to earn a living from agriculture.
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I'M VINDICATED, SAYS ONASANYA, AS COURT THROWS OUT LOAN CONTROVERSY CASE
Justice Chukwujekwu Aneke of the Federal High Court, Lagos on Wednesday, July 23, 2025 struck out the case after the anti-graft agency, the Economic and Financial Crimes Commission, EFCC, withdrew the suit following an out-of-court settlement among the parties.
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NATIONAL SINGLE WINDOW PROJECT TAKES OFF Q1 2026 - PRESIDENT TINUBU
President TINUBU handed out the directive through his Chief of Staff, FEMI GBAJABIAMILA, during the fifth meeting of the NSW Steering Committee at the State House in Abuja.
Read More →NAGAFF FOUNDER RALLIES STAKEHOLDERS TO EMBRACE NIGERIA CUSTOMS SERVICE’ B’ODOGWU INNOVATION
He said that the Customs needed to be properly funded, especially that Nigeria is now in the eye of global customs administration, with the Comptroller General of Customs, BASHIR ADEWALE ADENIYI as Chairman of World Customs Organisation.
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NNPC DONATES 35 CNG BUSES TO PRESIDENTIAL INITIATIVE ...Restates Commitment to Cleaner, Sustainable Fuel Alternative
“I am proud that NNPC Ltd is playing a pivotal role in driving the Federal Government’s gas agenda towards energy transition,” the GCEO stated.
Read More →COURT ADJOURNS N1.38BN FRAUD TRIAL OF FORMER P-SQUARE MANAGER, JUDE OKOYE
Jude Chigozie Okoye is the elder brother of the due of Paul and Peter Okoye, formerly known as P-Square on stage.
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MICROSOFT FOUNDER, BILL GATES, BAGS NIGERIA'S CFR NATIONAL AWARD
The philanthropist arrived in Nigeria to discuss health and development initiatives.
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PETROL SUBSIDY FRAUD: LAGOS COURT JAILS 2 CONVICTS 14 YEARS EACH, ISSUES BENCH WARRANTS FOR 2 OTHERS
They were initially standing trial before Justice Adeniyi Onigbanjo of the Lagos State High Court sitting in Ikeja, Lagos. However, Justice Onigbanjo withdrew from the case, thereby prompting the re-assignment of the case to Justice Dada.
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ONITSHA DRUGS MARKET SAGA: OBI FAULTS NAFDAC OVER PROLONGED CLOSURE
The 2023 presidential candidate of the Labour Party said the level of insensitivity being displayed by NAFDAC is both disturbing and uncaring.
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U.S. SPEAKER PROGRAM FOSTERS COLLABORATION, INNOVATION AMONG NIGERIAN MEDIA LEADERS
U.S. Ambassador Richard M. Mills, Jr noted that for the media to remain truly independent, it must also be economically viable.
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REPORT: HOW CORPORATIONS HOOK NIGERIANS ON UNHEALTHY FOODS, INCREASE NCDs
Findings show that through aggressive marketing, cultural co-optation, celebrity endorsements, and deceptive labelling, corporations entrenched ultra-processed, high-sugar, and high-sodium products in Nigeria's food environment—targeting children, youth, low-income communities.
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ABIA GOVT SETS N120 BILLION IGR TARGET, LAUNCHES STATEWIDE DATA ENUMERATION
This initiative, aimed at capturing detailed data on houses, businesses, and residents, is designed to boost revenue generation, ensure fairness in taxation, and improve access to social services across the state.
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FEC APPROVES NIGERIA FIRST POLICY TO BOOST LOCAL INDUSTRIES
The main thrust of the policy is that goods produced in Nigeria will henceforth receive deserved priority in federal government procurement.
Read More →TRAVELLING TO UK: ALL YOU NEED TO KNOW ABOUT APPLYING FOR VISA
The UK remains a popular destination for travellers across Africa, with Nigeria in the top four nationalities by volume for UK visit visas, accounting for 6% of the global total*.
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ABIA STATE GOVERNMENT REVOKES LAND TITLE AND RECLAIMS ASSETS OF ENYIMBA AUTOMATED SHOE COMPANY (ENASCO)
Shareholding Discrepancies: The shareholding structure recorded at the Corporate Affairs Commission (CAC), as at November 2024 did not reflect ABSG as a shareholder or beneficial owner despite its significant contributions.
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SANWO-OLU TELLS HARVARD SCHOLARS LAGOS IS INVESTORS' DELIGHT
Lagos State Commissioner of Information and Strategy, Gbenga Omotosho, said the Harvard outing was an opportunity for Governor Sanwo-Olu to share “Lagos’ bold vision and the tangible strides we are making in transportation, housing, innovation, and industrial growth."
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PRESIDENT TINUBU MOURNS THE PASSING OF BUSINESS ICON PASCAL DOZIE
The President prays for the peaceful repose of Chief Dozie's soul and extends his condolences to his wife, children, and extended family. He calls upon the Nigerian private sector to honour Chief Dozie's memory by upholding the values of integrity, innovation, and nation-building.
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COURT REMANDS 2 WOMEN IN PRISON FOR HAWKING NAIRA NOTES IN LAGOS
Folake Adeoti was arrested while hawking Naira notes to the tune of N3.850M, while Modupe Adewuyi was caught in similar act with the sum of N1.6M.
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PRESIDENT TINUBU APPOINTS AYO SOTINRIN AS MD BANK OF INDUSTRY
The new MD of the Bank of Agriculture was the Group Chief Executive Officer of SAO Group, which is an agribusiness company.
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FG SIGNS $174M PARTNERSHIP AGREEMENT WITH UNIDO
The Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, said the partnership with UNIDO is for a period of four years, from 2024 to 2028.
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NIGERIA, JAPAN LAUNCH YOUTH-FOCUSED VENTURE FUND
The goal of the initiative is to channel Naira-dominated investments into high-growth startups, with a view to shield them from currency risks and unlock access to long-term concessional financing.
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