Tensions over the new capital gains tax regime are set to ease as the National Tax Policy Implementation Committee, headed by tax expert Joseph Tegbe, takes charge of overseeing the rollout of the framework that has sparked market…

The Nigerian Exchange Limited is calling for a review of the new Capital Gains Tax regime set to take effect from January 1, 2026, citing the risk of reduced foreign portfolio flows into the domestic market. The Exchange fears…

Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, has dispelled misconceptions about the capital gains tax (CGT) reforms, saying the objective is to create a fairer and more efficient tax framework that…

In 2005, Nigeria enacted the Electric Power Sector Reform Act to “establish the legal framework for the formation of initial and successor companies, transfer assets and liabilities from the National Electric Power Authority (NEPA) to new…

The Federal Government, 36 states and 774 local government councils shared a record ₦3.007 trillion from the Federation Account in July 2026, lifting total FAAC distributions for the first seven months of the year to almost ₦16 trillion.…

FCMB Group Plc has reported a strong financial performance for the first half of 2026, posting a 99 per cent year-on-year increase in profit before tax to ₦157.3 billion, up from ₦79.1 billion in the corresponding period of 2025. The result…

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has proposed establishing a specialised Commercial Dispute Resolution Tribunal to fast-track the resolution of business disputes, arguing that faster justice…

The International Monetary Fund (IMF) has suggested that Nigeria may need additional taxes to fund an expanded cash transfer program for vulnerable populations. This suggestion is probably informed by findings by the Fund that, despite…

Profitability at International Breweries Plc declined sharply in the first quarter of 2026, as a significant spike in tax expense offset strong operational gains and pressured overall earnings delivery. The brewer reported a 33 per cent…

Dangote Sugar Refinery Plc has unveiled plans to raise up to ₦500 billion through a Rights Issue, in what is set to rank among the largest capital-raising exercises in Nigeria’s corporate landscape. The proposed fundraising…