BUSINESS

FG targets exportable product in all 774 LGAs by 2026 to boost non-oil trade

Daily Dispatch January 3, 2026

The Federal Government is considering a bold new initiative aimed at identifying at least one exportable product in each of Nigeria’s 774 local government areas by 2026, in a move to accelerate non-oil exports and strengthen the country’s competitiveness under the African Continental Free Trade

BUSINESS

Private Depot owners hike ex-Depot petrol price to ₦800/Litre

Daily Dispatch January 3, 2026

…as Dangote Refinery Shuts Petrol Unit for Planned Maintenance and upgrades Nigeria’s downstream petroleum market has witnessed a sharp price reversal, with private depot owners lifting the ex-depot price of Premium Motor Spirit (PMS, commonly known as petrol) to ₦800 per litre across major locations. This development follows confirmation that the Dangote Petroleum

BUSINESS

Nigeria’s New Tax Laws: Reform to Tax What?

Daily Dispatch January 2, 2026

By Nick AguleNew tax laws promise reform, but without reforms in power, security, infrastructure, and fiscal discipline, risk taxing an empty economy! Nigeria entered 2026 with sweeping new tax laws, celebrated as a landmark overhaul of fiscal legislation. Yet controversy quickly followed. Allegations surfaced that the version signed by the President differs from the

BUSINESS

Fidelity Bank appoints Onwughalu as Chairman following completion of Chike-Obi’s tenure

Daily Dispatch January 2, 2026

Tier one lender, Fidelity Bank Plc, has announced the completion of the tenure of Mr. Mustafa Chike-Obi as Chairman of its Board of Directors effective December 31, 2025, and the appointment of Mrs. Amaka Onwughalu as the new Chairman of the Board, effective January 1, 2026. The board transitions are in alignment with the Bank’s […]

BUSINESS

Nigeria Revenue Service (NRS) unveils new institutional identity and logo as transition from FIRS takes effect

Daily Dispatch January 1, 2026

The Nigeria Revenue Service (NRS), formerly known as the Federal Inland Revenue Service (FIRS), has officially unveiled its new institutional identity, complete with a refreshed official logo. This marks the full commencement of tax and revenue reforms signed into law by President Bola Ahmed Tinubu in 2025. The announcement, shared via an official press release, […]

BUSINESS

FG plans tax exemption cards for small businesses under ongoing reforms

Daily Dispatch December 31, 2025

The Federal Government has announced plans to introduce tax exemption cards for small businesses and informal sector operators nationwide as part of its ongoing tax reform agenda. The initiative, according to the government, is designed to protect low-income earners and small-scale entrepreneurs from the burden of multiple taxes, levies and arbitrary charges imposed by