PayPal Returns to Nigeria: Partners With Paga After 13-Year Wait

In a landmark shift for Nigeria’s fintech landscape, global payment giant PayPal has officially re-entered the country. This return comes via a strategic partnership with Paga, Nigeria’s leading mobile payment platform. The collaboration ends a 13-year wait since Paga first proposed a partnership to the American firm. Consequently, this move promises to bridge the gap…

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Tony Elumelu Foundation Annual Grant 2026: Funding African Entrepreneurs.

The Tony Elumelu Foundation (TEF) has officially announced the opening dates for its flagship 2026 Annual Grant program, reinforcing its decade-long commitment to catalyzing African entrepreneurship. Applications for the highly competitive program will be accepted from January 1 to March 1, 2026.   Widely recognized as one of the continent’s most comprehensive entrepreneurship support initiatives,…

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Oyedele Warns of Widespread Harm if New Tax Laws Are Delayed.

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has issued a stark warning, outlining the negative consequences for workers and businesses if Nigeria’s newly signed tax laws are not implemented by the January 1, 2026 deadline.   President Bola Tinubu recently enacted four major tax reform bills, hailed by the…

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Festive Season Brings Mixed Sales for Lagos Traders

As Christmas draws near, Lagos markets are beginning to glow with festive colours—but behind the tinsel and bright displays lies a more measured mood. Traders across major commercial hubs say this year’s yuletide season is unfolding with uneven momentum, shaped by rising costs, cautious consumer behaviour and shifting spending priorities. At the Balogun Business Association…

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US Approves $2.1bn Health Funding for Nigeria, Focus on Faith-Based Care

The United States has approved nearly $2.1 billion in health funding for Nigeria under a new five-year bilateral agreement aimed at strengthening the country’s healthcare system, with a strong emphasis on supporting Christian faith-based health providers. The agreement, signed on Saturday, commits the U.S. government—through the Department of State and in collaboration with Congress—to expanding…

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High Fares, Long Roads: Nigerians Push Home for Christmas

As Christmas draws closer, Nigeria’s highways are once again filling with determined travellers—this time at a steep financial and emotional cost. Despite persistent fears of kidnapping and worsening insecurity on major inter-state roads, thousands of Nigerians travelling for the Yuletide, particularly to the South-East and South-South, are rushing to secure road transport tickets—many at prices…

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Nigeria Sovereign Investment Authority Crosses $3 Billion Asset Milestone.

The Nigeria Sovereign Investment Authority (NSIA) has surpassed the $3 billion mark in total assets, signaling a maturation from its foundational mandate as a stabilization fund into a sophisticated architect of national economic systems. Established over a decade ago by an Act of Parliament to manage Nigeria’s sovereign wealth, the Authority has evolved into a…

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IPMAN eyes refinery ownership, orders members to buy Dangote fuel.

The Independent Petroleum Marketers Association of Nigeria has revealed plans to venture into refinery ownership, subject to regulatory approval, as part of efforts to deepen domestic refining and reduce Nigeria’s reliance on imported petroleum products.   The association also directed its members nationwide to prioritize the purchase of Premium Motor Spirit from the Dangote Petroleum…

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