Business (Page 14)

… Promises Minimum Pension Guarantee After 11 Years President Bola Ahmed Tinubu has said pension is a wage earned and deferred, not a favour from government, and promised that no Nigerian who has served the country will be forgotten in retirement. He also announced that his administration will, for theContinue Reading

Sterling Financial Holdings Company Plc has reported a 37.1 per cent year-on-year increase in profit before tax to N97.28 billion for the nine months ended September 30, 2026. Profit after tax rose by 21 per cent to N75.37 billion, according to the group’s unaudited results. Sterling Financial’s nine-month profit risesContinue Reading

The Central Bank of Nigeria (CBN) and the National Information Technology Development Agency (NITDA) have disclosed that 57 per cent of financial institutions surveyed are ready to comply with Nigeria’s payment data localisation policy ahead of the January 1, 2027 deadline. The regulators said efforts were ongoing to ensure fullContinue Reading

The Joint Revenue Board (JRB) has said small businesses with annual turnover of N12 million or less are now exempt from tax, as it reported early gains from the new tax administration framework introduced in January 2026. The board also said a worker with N20 million in chargeable income nowContinue Reading

  The Deep Blue Project is expanding its maritime surveillance and intelligence capabilities to tackle illegal fishing, cargo violations and other unlawful activities in Nigerian waters, as part of efforts to improve government revenue and strengthen the country’s maritime economy. Nigeria Accounts For 46% Of Gulf Of Guinea Port CallsContinue Reading

…Say plan threatens naira, reserves, fiscal stability BY BUKOLA ARO-LAMBO AND OLUSHOLA BELLO Lagos Economic analysts have warned that the federal Government’s plan to take on fresh external loans of about $21.7 billion could push the cost of servicing debt beyond 100 per cent of government revenue, with serious consequencesContinue Reading

The federal government has expanded support for retirees with the planned launch of the PenCare Health Initiative, following the clearance of outstanding pension liabilities worth N758 billion, the National Pension Commission (PenCom) has said. PenCom’s director-general, Ms. Omolola Oloworaran, disclosed this on Tuesday in Abuja during the Senior Citizens DayContinue Reading

The federal government is combining the settlement of N1.2 trillion in power sector a transmission upgrades as it moves to end Nigeria’s chronic electricity shortages and improve supply nationwide. Minister of Power, Joseph Tegbe, disclosed this on Wednesday while briefing State House correspondents on the outcome of the Federal ExecutiveContinue Reading