By Elizabeth Adegbesan Revenue generated from Value Added Tax, VAT,  and Company Income Tax, CIT,  fell year-on-year (YoY) by 6.2 percent to N3.79 trillion  in the first quarter of 2026 (Q1’26) from N4.04 trillion in Q1’25. The National Bureau of Statistics, NBS,  disclosed this in its report on VAT and CIT for Q1’26 , which showed […]

According to him, the implications of the judgment extend beyond the fortunes of the ADC and touch on the credibility of the nation’s judicial system.

•Mandates beneficial ownership disclosure •Sets 25% threshold, 15% cross-market cap •Compliance deadline set for Dec. 31, 2026 By Babajide Komolafe The Central Bank of Nigeria, CBN, has directed banks, fintechs and other operators in the payments ecosystem to store all payment transaction data generated in Nigeria within the country, while also introducing measures to curb […]

FCMB Group Plc has recorded an 81 per cent increase in its Profit Before Tax, PBT, which hit N202.1 billion in 2025 full financial year from N111.9 billion recorded in 2024. The company disclosed this in its audited financial results for the year ended December 31, 2025 released yesterday alongside its unaudited results for the first […]

FirstBank Nigeria yesterday announced that FirstAdvance, its flagship salary backed digital loan product, has hit a milestone of N1 billion daily disbursement.  The bank, in a statement, said that the feat underscores its commitment to delivering innovative, accessible, technology-driven financial service solutions to its customers. “FirstAdvance is a convenient loan offering for salary earners, that enables […]