The Federal Government has officially stopped accepting applications for the Pioneer Status Incentive (PSI) as of November 10, 2025, signaling the end of three-year tax exemptions for new businesses under the scheme. The Nigerian Investment Promotion Commission (NIPC) explained that the move is part of preparations for the full implementation of the Economic Development Tax…

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The Federal Inland Revenue Service (FIRS) has dismissed recent claims regarding the appointment of Xpress Payments as part of Nigeria’s national revenue collection system, warning that such allegations are misleading and risk politicising a purely administrative process. In a statement signed by Arabinrin Aderonke Atoyebi, Technical Assistant on Broadcast Media to the FIRS Executive Chairman,…

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The Securities and Exchange Commission (SEC) will officially transition to a T+2 settlement cycle for equities transactions starting Friday, November 28, 2025, in a move aimed at aligning Nigeria’s capital market with global best practices and improving market efficiency. The shift from the current T+3 (trade date plus three days) cycle comes after months of…

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The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, has stressed that effective Port State Control (PSC) is a crucial tool for ensuring global maritime safety and upholding environmental standards. Dr. Mobereola made the remarks during a five-day Regional Train-the-Trainer Workshop on PSC for member states of the Abuja Memorandum…

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Dangote Group has announced a $700 million expansion initiative aimed at reducing Nigeria’s reliance on imported sugar by significantly increasing local production. The investment, led by Dangote Sugar Refinery—a subsidiary of the group—will be directed toward land development, upgrading equipment, enhancing infrastructure, workforce training, and community engagement. The goal is to establish a robust local…

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Bishop David Oyedepo, presiding leader of Living Faith Church Worldwide, has renewed his long-standing warning about rising insecurity in Nigeria, particularly attacks on churches that have resulted in deaths and abductions of worshippers. Key Points from Oyedepo’s Statement: International Attention: Message to Nigerians: Oyedepo called for both spiritual and practical vigilance, insisting that Nigeria’s spiritual…

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Nigeria has witnessed a series of violent incidents over the past 10 days, highlighting the deepening security crisis across the country. documented ten major events: The sequence of attacks highlights persistent threats from terrorists, bandits, and poorly supported security forces, raising urgent concerns about government capacity to protect citizens.

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Former Labour Party presidential candidate Peter Obi has criticized Nigeria’s worsening security situation, attributing the country’s persistent instability to leadership failures rather than fate. In a post on his verified X account late Sunday, Obi said Nigeria is “bleeding” because those elected to protect the nation have prioritized comfort over courage, politics over people, and…

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President Bola Ahmed Tinubu has ordered that police officers currently assigned to protect Very Important Persons (VIPs) be withdrawn from such duties and redeployed to focus on their core policing responsibilities. The directive was issued during a security meeting in Abuja on Sunday, attended by top officials, including the Chief of Army Staff Lt. Gen.…

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The Enugu Electricity Distribution Company (EEDC) has rejected allegations by the Imo State Government that it is plotting a major power outage to undermine the state’s Light Up Imo electricity project. The Imo government, through Commissioner for Information, Declan Emelumba, claimed it had “credible intelligence” that EEDC intended to sabotage the state-owned Orashi Electricity Company,…

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