BUSINESS

Tony Elumelu calls his Foundation his most valuable investment

Daily Dispatch January 6, 2026

Billionaire investor and philanthropist Tony Elumelu has said that the Tony Elumelu Foundation (TEF) represents the most rewarding investment he has ever made, even surpassing the numerous businesses he has built under Heirs Holdings. Elumelu made the remark during a light-hearted rapid-fire

BUSINESS

23 Refineries near completion as Tinubu pushes to end Nigeria’s fuel import dependence

Daily Dispatch January 5, 2026

Nigeria’s decades-long dependence on imported petroleum products may be nearing a major turning point as no fewer than 23 new refineries approach completion across the country, according to the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN). The development, industry stakeholders say, reflects the growing impact of President Bola Ahmed Tinubu’s

BUSINESS

NNPCL cuts petrol price to ₦815 per litre in Abuja

Daily Dispatch January 5, 2026

The Nigerian National Petroleum Company Limited (NNPCL) has once again reviewed the pump price of petrol downward at its retail outlets. Findings on Monday showed that NNPCL stations in Abuja are now dispensing Premium Motor Spirit (PMS) at ₦815 per litre, representing a ₦20 reduction from the former price of ₦835 per litre. The new […]

BUSINESS

House releases certified copies of four Tax Reform Acts amid transparency concerns

Daily Dispatch January 4, 2026

The House of Representatives has released the certified copies of four landmark tax reform Acts recently signed into law by President Bola Ahmed Tinubu, following public concerns over the circulation of conflicting and unauthorised versions of the legislations. The move, directed by Speaker of the House, Rt. Hon. Abbas Tajudeen, in collaboration with Senate President […]

BUSINESS

Nigerian Tax Acts 2025: Benefits Beyond The Rhetorics – Joseph Tegbe

Daily Dispatch January 4, 2026

Nigeria’s ongoing tax reforms have been widely mischaracterised as revenue tricks, mostly through epistemic closure and motivated reasoning, solely focusing on revenue figures, tax rates, and who pays what. These debates often miss the larger and far more consequential point of the reforms which are primarily about fixing a broken fiscal architecture, and laying the […]

BUSINESS

Tinubunomics and the arithmetic of illusion

Daily Dispatch January 4, 2026

By Tanimu Yakubu A striking feature of Nigeria’s current economic debate is the enthusiasm with which huge numbers are circulated—and the casualness with which they are assembled. Tax collections are added to oil receipts; oil receipts are added again under customs or “subsidy savings”; borrowing is treated as income; and the resulting total is presented