News & Updates

]]> Redtech, a technology company backed by Heirs Holdings, has said it processed transactions worth $20.6 billion (N30 trillion) in the 2025 financial year. This is more than double its performance from the previous year.The company recorded over 100 percent year-on-year growth from N12 trillion in 2024, driven largely by the rapid expansion of its […]

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]]> First Abu Dhabi Bank, the United Arab Emirates’ largest lender, plans to open a representative office in Nigeria as it deepens its push into sub-Saharan Africa, betting on Africa’s most populous country to anchor its regional expansion. The bank, one of the world’s largest and highest-rated financial institutions, expects to establish the Lagos office […]

]]> President Bola Ahmed Tinubu has directed all government ministries, departments, and agencies (MDAs) to use existing laws to make the sharing of electricity costs among the federal, state, and local governments more practical and transparent. Starting with the 2026 budget preparations, the President wants to ensure that the heavy burden of electricity subsidies is […]

]]> Atletico Madrid have completed the signing of Nigerian forward Ademola Lookman from Atalanta in a deal worth an initial €35 million, with a further €5 million in potential add-ons. Contract Runs Until 2030 Lookman reportedly signed a four-and-a-half-year contract with Atletico, keeping him at the Riyadh Air Metropolitano until June 30, 2030. Fenerbahçe Links […]

]]> Land in Nigeria’s major cities is today treated and priced like gold. In Lagos, the country’s commercial nerve centre, for instance, land is said to be an equivalent of an oil well, which is why the managers of the state are up and out looking for those who flout their land administration laws, wrong […]

]]> …Zero dividend in one year Nigeria’s oil revenue fell sharply in 2025, owing to the Nigerian National Petroleum Company’s (NNPC) failure to deliver up to 86 percent of the promised revenue to the federal government’s coffers, exposing the fragility of Nigeria’s oil-dependent economy. The state-owned oil company remitted just N604.61bn to the Federation Account Allocation […]

]]> Ogun-Osun River Basin orders installation of HarvestHarbor in 325 green houses  Driven by the mission to help Nigeria fight increasing post-harvest losses, running into N14.4 trillion, Olubunmi Akinola, Professor of Electronics and Control Systems at the Federal University of Agriculture, Abeokuta (FUNAAB) has invented a smart storage that will preserve fruits and vegetables for about […]

]]> …Matriculates 9,097 Olayemi Akinwumi, vice-chancellor of the Federal University, Lokoja (FUL), has said that any student with less than 75 percent class attendance would not be allowed to write any examination at the institution. Akinwumi made the statement on Friday during his last matriculation as the institution’s vice chancellor and the 14th matriculation of […]

]]> Hardly anyone disagreed that Nigeria needed a new tax regime. The erstwhile tax rules were complex and cumbersome, their administration ridden with corruption and inefficiency. So, when, in August 2023, barely four months in office, President Bola Tinubu inaugurated the Presidential Committee on Fiscal Policy and Tax Reforms, he was on to something truly […]