January 28, 2026

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Nigeria Suspends 4% Import Levy After Industry Backlash

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Nigeria’s finance ministry has suspended a 4% levy on imports after fierce opposition from businesses and industry groups. Finance Minister Wale Edun said the policy, introduced by the Nigeria Customs Service, threatened trade facilitation, economic stability, and competitiveness. Airline operators and manufacturers welcomed the decision, calling it proof of government’s responsiveness...

CBN Prepares ₦290bn Treasury Bills Auction Amid Strong Liquidity

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The Central Bank of Nigeria will auction ₦290bn in Treasury Bills on September 17, offering 91-, 182- and 364-day maturities. Analysts expect high subscriptions and moderating yields, driven by ₦2.46trn in system liquidity and easing inflation. The sale follows robust demand at the last auction, where investors oversubscribed by more than double....

Dangote Declares End to Nigeria’s 50-Year Battle with Fuel Queues

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Aliko Dangote says Nigeria’s five-decade struggle with petrol scarcity has ended following one year of operations at his 650,000-bpd refinery. At an anniversary briefing, he said pump prices had dropped to ₦841 per litre, while 4,000 new CNG trucks will cut costs and create 24,000 jobs. Dangote vowed to expand capacity to 700,000 barrels daily....

Tinubu: NIN-SIM Linkage Reduces Fraud, Boosts Security

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President Bola Tinubu says the linkage of National Identification Numbers with SIM cards has drastically reduced fraud and boosted national security. Speaking at Nigeria’s Identity Day, he described digital identity as the “foundation of citizenship” and pledged to enforce its mandatory use across sectors. Officials say 126m Nigerians are now enrolled in the NIN database....

IPOB Rejects Security Claims, Denies Links to Arrested Commander

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The Indigenous People of Biafra has denied links to Ifeanyi Okorienta, alias Gentle de Yahoo, arrested by the Nigerian Army in Imo State. IPOB spokesman Emma Powerful accused security agencies of spreading “satanic propaganda,” insisting the group is peaceful and lawful. He warned the media against “demonising IPOB” and threatened legal action against defamatory reports....

Army Captures Notorious IPOB Commander in Imo Crackdown

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The Nigerian Army says it has arrested Ifeanyi Eze Okorienta, alias Gentle de Yahoo, a notorious commander of the Indigenous People of Biafra and its armed wing, ESN. The operation in Okigwe, Imo State, uncovered weapons, uniforms, and stolen vehicles. Linked raids across three states freed 12 kidnap victims, while troops in Borno killed eight ISWAP fighters...

APC Slams Atiku, Says Anarchy Talk Degrades His Status

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The All Progressives Congress has condemned Atiku Abubakar’s warning that hunger could provoke a revolution, calling it reckless and degrading to his status as a former vice president. APC spokesman Felix Morka said Atiku and the PDP squandered opportunities in power, entrenched poverty, and remain “clueless” about solving Nigeria’s economic challenges....

Dogara Hails Nigeria’s New Tax Act as Structural Shift

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Former Speaker Yakubu Dogara says the Nigeria Tax Act, 2025 marks a structural shift toward a modern, consolidated system aligned with international standards. Speaking at a lecture in Abuja, he argued reforms are a national pact, not punishment, stressing that transparency and trust must anchor tax compliance. He warned, however, that fierce opposition could slow progress....

Presidency Fires Back as Atiku Warns of Revolution

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The Presidency has dismissed former Vice President Atiku Abubakar’s warning that hunger could trigger a revolution in Nigeria. Atiku likened rising hardship to the French and Russian uprisings, but presidential aide Bayo Onanuga branded the remarks “cheap talk.” Officials cited falling inflation and record reserves, accusing Atiku of ignoring recent economic gains under President Tinubu....

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