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,

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), […]

BUSINESS

CBN Projects Petrol Price Increase to N950 Per Litre in 2026

Daily Dispatch January 10, 2026

The Central Bank of Nigeria (CBN) has projected that Premium Motor Spirit (PMS), also known as petrol, could rise to around N950 per litre in 2026. The forecast is based on an average crude oil price of $55 per barrel, domestic crude production of 1.5 million barrels per day, and an assumed exchange rate of […]

BUSINESS

New tax laws: Only income is taxable, not bank inflows — Analyst

Daily Dispatch January 10, 2026

Economic analyst, Kalu Aja, has said that money entering a bank account is not automatically taxed, contrary to widespread belief. Aja made the comment on Nairametrics’ X space on Thursday, with the topic “How the new tax law affects your pay, business and daily spending. The clarification follows growing public concerns around Nigeria’s new tax […]

BUSINESS

FG establishes Nigeria House Davos ahead of World Economic Forum 2026

Daily Dispatch January 9, 2026

The Federal Government has announced the establishment of Nigeria House Davos ahead of the 56th Annual Meeting of the World Economic Forum (WEF) 2026, scheduled to hold from January 19 to 23 in Davos, Switzerland. The initiative marks Nigeria’s first official National House on the Davos Promenade and is aimed at projecting the country’s economic […]