How Kenya Collects More Taxes Than Nigeria With Fewer People
Kenya has continued to surprise many economists by collecting more tax revenue than Nigeria, despite having a smaller population and economy. While Nigeria is Africa’s largest economy and most populous nation, its tax-to-GDP ratio remains among the lowest on the continent. Experts say Kenya’s success lies in better tax administration, stricter enforcement, and a wider […]
Why DAPPMAN’s Outdated Business Model Crumble Against Dangote Refinery
The entry of the Dangote Refinery into Nigeria’s oil and gas sector has changed the game, leaving many players, especially the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), struggling to keep up. For years, DAPPMAN’s members thrived on importation and distribution of refined petroleum products. But with Dangote’s refinery now producing locally, that […]
Dangote Begins Free Fuel Deliveries To Marketers
The Dangote Refinery has started delivering fuel free of charge to independent marketers across parts of Nigeria, a move expected to reduce pump prices and ease distribution costs. According to the president of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Shettima, fuel marketers in Lagos, Ogun, Ondo, and other South-West states have already […]
Naira records second straight depreciation against US dollar
The Nigerian Naira continued its slide against the US dollar on Thursday, marking the second day in a row of depreciation in the official foreign exchange market. According to figures from the Central Bank of Nigeria (CBN), the Naira closed at ₦1,498.98 per dollar, weaker than Wednesday’s rate of ₦1,494.03. This represents a daily drop […]
United Capital Losses Six Staffs In Lagos Afriland Towers Inferno
The tragic fire at Afriland Towers on Broad Street, Lagos Island, has now claimed 10 lives. United Capital Plc confirmed on Thursday that six of its staff members died in the inferno, according to News360 Nigeria. This sad news follows an earlier statement from the Federal Inland Revenue Service (FIRS), which revealed that four of […]
Nigerians thrown into darkness as National grid collapses again
Millions of Nigerians were thrown into darkness again on Wednesday, September 10, as the national electricity grid collapsed. Electricity production dropped dramatically from 2,917.83 megawatts to just 1.5 megawatts between 11 a.m. and 12 p.m. Following the failure, the official Nigeria National Grid X account, which provides updates on power supply, confirmed that efforts to […]
Netizens react after X-user described the practice of businessmen opening a shop for their apprentice after years of service as ‘’low-key slavery’’
Nigerians on X (formerly Twitter) have sparked a heated debate after political commentator Theo Abu called the Igbo apprenticeship system “low-key slavery.” This system is where businessmen open small shops for their apprentices after years of service. Theo reacted to a viral video showing an apprentice breaking down in tears as his boss gave him […]
Fuel price: More trouble for Nigerians as FG, NUPENG, Dangote meeting ends in deadlock
The meeting held on Monday between the Federal Government, leaders of the Nigeria Petroleum and Natural Gas Workers (NUPENG), the Dangote Group, and other industry players ended without a solution. The talks were arranged to settle the ongoing disagreement between NUPENG and Dangote Group, but the meeting, which was supposed to start by 3pm on […]
Lagos luxury rentals hit N38m annually as demand soars – Report
Rental prices in Lagos luxury housing have climbed to record levels, with top two-bedroom apartments now renting for as much as N38 million a year, according to Northcourt’s 2025 real estate market report. The study shows that property values at the high end have been rising steadily for more than a year. A one-bedroom luxury […]
FG Targets Over 400K Youths With Accessible Loans As CREDICORP Launches YouthCred In Lagos
The Nigerian Consumer Credit Corporation (CREDICORP) has rolled out the YouthCred program at the NYSC camp in Ipaja, Lagos, after an earlier launch in Abuja. The initiative is part of President Tinubu’s Renewed Hope agenda, aimed at improving access to consumer credit for Nigerians. YouthCred, carrying the slogan “Real Financial Knowledge, Real Credit”, will give […]