BUSINESS

Nigeria woos Spanish investors, positions economy as gateway for Europe–Africa trade

Daily Dispatch January 8, 2026

Nigeria has stepped up efforts to attract Spanish investment, presenting its economy as a strategic hub for expanding commercial ties between Europe and Africa. This position was articulated during a high-level engagement with the Confederation of Spanish Business Organisations (CEOE), Spain’s

BUSINESS

Nigeria tightens digital tax compliance

Daily Dispatch January 8, 2026

as Pillarcraft Gains Accreditation for E-Invoicing Integration Nigeria is stepping up efforts to strengthen digital tax compliance following the accreditation of Pillarcraft Cloud Solutions as a System Integrator for the Nigeria Revenue Service’s national e-invoicing regime. The accreditation positions Pillarcraft Cloud Solutions to support businesses in integrating their

BUSINESS

BOF defends repeal, re-enactment of 2024 and 2025 budgets

Daily Dispatch January 7, 2026

….Reaffirms Transparency Commitment The Budget Office of the Federation (BOF) has defended the repeal and re-enactment of the 2024 and 2025 Appropriation Acts, dismissing claims that the process amounted to a constitutional breach, fiscal illegality, or a violation of budget transparency standards. In a press statement issued on Wednesday, the Director-General of the

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 session on Instagram with his daughter, Oge Elumelu, as captured in a short […]

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 […]