NELFUND Closes 2024-2025 Loan Application Portal

The Nigerian Education Loan Fund, NELFUND, has closed its application portal for the 2024/2025 academic session. The portal will officially close on Tuesday, September 30, 2025, as it moves to the next academic cycle. This was contained in a statement by the Director of Strategic Communications, NELFUND, Mrs Oseyemi Oluwatuyi, on Tuesday. According to the statement, the closure marks the conclusion of its second full cycle, allowing it to finalize the processing of pending applications...

Council Govt Says Kara Market Will Operate from 6 a.m. and 6 p.m. Daily

Seven council chairmen in the Kwara South Senatorial District have agreed to shut down their cattle markets, following security reports. The Chairman of Ifelodun Local Government Area in Kwara State, Hajji AbdulRasheed Yusuf, disclosed this in the Newskeg programme of the Correspondents’ Chapel of the Nigeria Union of Journalists, NUJ, in Ilorin. Yusuf said it was discovered through intelligence reports that informants come to the cattle markets at night to pass information to bandits. “We...

CBN Cuts Interest Rate to 27% As Inflation Eases

At its 302nd meeting, Nigeria’s Central Bank (CBN) on Tuesday reduced its Monetary Policy Rate (MPR) by 50 basis points, bringing it down from 27.5 per cent to 27.0 per cent. Governor Olayemi Cardoso announced the decision, which was unanimous among the Monetary Policy Committee (MPC). This is the first time in five years that the bank has cut interest rates. The interest rate is what the CBN uses to guide how much banks charge...

FG Orders All Taxable Nigerians to Obtain Tax ID by January

The Federal Government has directed that all taxable persons must obtain a Tax Identification Number (Tax ID) by 1 January 2026 in line with the Nigeria Tax Administration Act (NTAA). Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, said in a statement that the law requires all individuals and businesses engaged in economic activity to register with the tax authority. “Section 4 of the NTAA requires all taxable persons to register...

FG Gazettes Landmark Tax Reform Laws Ahead of 2026 Take-Off

The Federal Government has formally gazetted Nigeria’s new tax reform laws. Implementation is scheduled to commence on 1 January 2026. The reforms consist of four interlinked statutes: the Nigeria Tax Act, 2025 (NTA); the Nigeria Tax Administration Act, 2025 (NTAA); the Nigeria Revenue Service (Establishment) Act, 2025 (NRSEA); and the Joint Revenue Board (Establishment) Act, 2025 (JRBEA). This was announced by Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, via a...

Kwara Sets To Open Nigeria’s Second Largest Shea Butter Processing Factory

… Gov Commends FG Over Ban On The Cash Crop Governor AbdulRahman AbdulRazaq of Kwara State has hailed the ban on exportation of raw Shea butter by the Federal Government. According to the governor, the step will encourage more production and strengthen the local value chain of the prized cash crop. President Bola Tinubu’s directive comes as Kwara State prepares to launch its 50-tonne Shea processing factory in Kaiama, the second largest in the country and...

Abandoned Niger Gas Company Enugu Revived After Decades of Neglect

The Enugu State Government on Thursday unveiled the revived Niger Gas Company Limited situated at Emene in Enugu East Local Government in Enugu State, Nigeria. The company, which had lain waste for over 3 decades, is one of the many government facilities the present administration earmarked for revival in its bid to rid the state of moribund assets. Niger Gas Company Limited was established in 1962 by Dr. Michael Okpara, Premier of Eastern Nigeria, in...

Tinubu Hosts NGX Board, Securities and Exchange Commission DG In Brazil

…Lauds Nigeria Capital Market Growth President Bola Tinubu hosted the Director-General of the Securities and Exchange Commission (SEC) and the Board of Directors of Nigerian Exchange Group Plc (NGX) during his state visit to Brazil. He also hailed Nigeria’s capital market’s remarkable growth since he assumed office over two years ago. According to him, the phenomenal rise in market capitalisation and increased trading activity has broadened investment opportunities for Nigerians and international investors. In a...

Champion Breweries Acquires Bullet Brand from Distell Nigeria

Champion Breweries Plc, a subsidiary of enJOYcorp and a stalwart of Nigeria’s brewing landscape since 1974, has struck a pivotal agreement to acquire the renowned Bullet ready-to-drink (RTD) alcoholic and energy-beverage portfolio from Sun Mark International Limited. In a statement made to the Nigerian Exchange, Champion Breweries confirmed it will assume full ownership of all brand assets and intellectual property associated with Bullet. The deal will be structured through a newly formed Netherlands-based entity, in...

9mobile Relaunches as T2 to Revive Brand

Nigeria’s fourth-largest telecom operator, 9mobile, has officially rebranded to T2, marking what the company describes as the start of “a bold new chapter” in its history. The unveiling took place on Friday at the Eko Hotels and Suites, Lagos, during a corporate event tagged ‘Tech Meets Tenacity’, attended by industry leaders, government officials, and top entertainers. The transformation sees the company swap its signature green for an orange colour, signalling a fresh direction for its...

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