News

Virtual-asset tax defaulters face a N10 million penalty in the first month and N1 million for every subsequent month, according to PwC’s analysis of the NRS guidelines. Failure to deduct tax at source attracts a 40 percent penalty,...

Sheikh Ahmad Gumi says governments operating under Sharia law are justified in using public funds to sponsor mass marriages, describing the initiative as a legitimate responsibility of good governance. The Islamic scholar argues that supporting marriages helps address...

CBN removes restrictions limiting banks’ access to its Standing Lending Facility because of their participation in FX and government securities markets. Apex Bank restores collateralised funding for tenors of four to 90 days and expands OMO participation to...

OPay delivered a $72.47 million net profit in 2025 following a $50.98 million loss the previous year. Annual revenue surged 161 percent to $536.25 million while processed transactions hit $358 billion. Rapid expansion into digital lending drove the...

Washington and Abuja strengthen security alliance, expanding military cooperation, intelligence sharing and counterterrorism operations. U.S. acknowledges Nigeria's security gains, including the prosecution of hundreds of Boko Haram and ISIS-West Africa suspects and the recruitment of 50,000 additional police...

Over half of audited oil companies in Nigeria quietly withheld statutory development funds meant for host communities. An EFCC probe recovered over $160 million in unpaid levies following systemic non-compliance across the sector. The Senate Public Accounts Committee...

The Nigeria Police Force has assured NYSC members deployed for Saturday's Osun governorship election of comprehensive security before, during and after the poll. The reassurance was delivered by senior police officers during a confidence-building visit ordered by the...

A continent-wide INTERPOL study shows only 8 percent of law enforcement cyber analysts in Africa have advanced skills required to track AI-driven attacks. Cybercriminals deployed artificial intelligence in 55 percent of all documented cybercrime cases across 36 African...

Court of Appeal restores Adebayo Olugbenga Adedamola as PDP's governorship candidate and orders INEC to include the party's logo on Saturday's ballot. Turaki-led PDP, however, throws its weight behind Governor Ademola Adeleke, saying the late judgement left its...

Abuja Magistrate Court orders the Assistant Inspector-General of Police, Zone 7, to investigate Senator Francis Fadahunsi over alleged inciting comments targeting Accord Party members. The court directs police to conclude the investigation and submit a report within two...