BUSINESS

Dangote Group signs $350m deal with India’s engineers for refinery expansion

Daily Dispatch January 19, 2026

Dangote Group has signed a contract valued at over $350 million with India’s state-owned Engineers India Limited (EIL) for the expansion of its refinery operations. The agreement was disclosed by EIL in a statement released recently, confirming that the Indian engineering firm will act as the

BUSINESS

SEC raises capital requirements for brokers, fund managers, digital firms 

Daily Dispatch January 16, 2026

Nigeria’s Securities and Exchange Commission (SEC) has issued a far-reaching revision of capital requirements for virtually all capital market operators. This is according to a circular released by the Commission on January 16, 2026, which replaces the long-standing 2015 capital regime and sets a compliance deadline of June 30, 2027. The new framework aims to […]

BUSINESS

Breaking: Nigeria’s inflation drops to 15.15% in December 2025 after CPI recalibration

Daily Dispatch January 15, 2026

Nigeria’s inflation rate declined to 15.15 per cent in December 2025, marking a significant drop following the recent normalization of the Consumer Price Index (CPI). The new figure reflects the impact of the rebasing and recalibration of the CPI methodology by the National Bureau of Statistics (NBS), a move aimed at better capturing current consumption […]

BUSINESS

Nigerians to pay 7.5% VAT on selected banking services from January 19, 2026

Daily Dispatch January 14, 2026

Starting January 19, 2026, Nigerians will begin paying a 7.5 per cent value-added tax (VAT) on selected banking services, following a government-backed directive aimed at expanding tax coverage within the financial sector. The new VAT charge will apply to specific electronic banking services, including mobile bank transfers, USSD transactions and card issuance fees.

BUSINESS

CEPA with UAE: Minister Jumoke Oduwole Details Strategic Trade Opportunities for Nigeria

Daily Dispatch January 14, 2026

Today marks a historic milestone in Nigeria’s trade relations. The Federal Republic of Nigeria and the United Arab Emirates signed a Comprehensive Economic Partnership Agreement CEPA that will transform economic ties between our two nations and deliver tangible benefits for Nigerian businesses, professionals, and workers. This Agreement is the product of focused and

BUSINESS

Nigeria, UAE to co-host investopia in Lagos February

Daily Dispatch January 13, 2026

…Seal Major Trade Pact President Bola Tinubu has announced that Nigeria will co-host Investopia with the United Arab Emirates (UAE) in Lagos in February, as part of efforts to attract global investors and accelerate sustainable investment inflows into the country. The President made the announcement on Tuesday at the 2026 Abu Dhabi Sustainability Week (ADSW), […]