The Tax Ombudsman has announced a new partnership with revenue authorities aimed at streamlining tax processes. This collaboration seeks to improve efficiency and fairness within the Nigerian tax system.

BUA Cement has reported a significant increase in its profits, more than doubling its earnings due to robust sales performance. The company attributes its success to strong market demand and effective operational strategies.

The Universal Basic Education Commission (UBEC) has allocated N5.18 billion towards an initiative aimed at improving schools in 518 communities across Nigeria. This funding is intended to enhance educational infrastructure and resources.

Global stock markets reached record highs this past week, driven by strong performance in technology and AI-related stocks. This rally occurred despite ongoing geopolitical tensions, including conflict involving Iran and a US naval blockade.

Following a directive from the Nigerian Communications Commission (NCC), MTN Nigeria will commence compensation for subscribers affected by poor network services. The company is also implementing plans to address network issues.

The Nigerian Communications Commission (NCC) has secured a commitment from telecom operators to upgrade 12,000 network sites in 2026. This initiative aims to improve service quality and expand network coverage across the country.

The Nigerian Investment Promotion Commission (NIPC) hosted a trade mission in Abuja, highlighting the country's commitment to attracting foreign direct investment through ongoing reforms. The event facilitated discussions between Nigerian officials and UK investors on key sectors like infrastructure and energy.

The Central Bank of Nigeria (CBN) is shifting its strategy towards private-sector partnerships to mitigate risks associated with raw materials investment. This move is expected to encourage more private capital into key industrial sectors.

Optimism within the global business travel industry has significantly declined in the first quarter of 2026. Geopolitical instability is cited as the primary risk factor influencing travel decisions, leading to increased pessimism among industry professionals.

Nigerian stocks continued their upward trend on Wednesday, with banking stocks leading the gains. The Nigerian Exchange (NGX) All-Share Index rose by 0.61%, bringing the year-to-date returns to 41.11%. Despite a slowdown in trading volumes, investor confidence remains high due to ongoing economic reforms.

Global oil prices have surpassed $100 per barrel amid rising geopolitical tensions and concerns over potential supply disruptions in the Strait of Hormuz.

Oil prices experienced a sharp decline, with WTI crude falling significantly in a single week. This drop suggests easing concerns about global energy supply disruptions, although prices remain elevated year-to-date.

The Nigerian Communications Commission (NCC) is demanding $1 billion in investments from telecom operators and is enforcing stricter quality of service (QoS) standards, including consumer compensation for service failures.

Providus Bank has officially opened its new branch in Ekiti State, marking a significant expansion. The bank also reiterated its strong capital position, assuring customers and stakeholders of its financial stability.

A heightened risk of non-payment is becoming a primary focus for insurance brokers worldwide, exacerbated by global economic uncertainties and geopolitical conflicts. This trend is reflected in rising business insolvency forecasts.

Input cost inflation in the US reached an 11-month high in April, driven by rising prices for commodities, energy, and labor. This increase contributes to growing concerns about overall inflation and its impact on economic growth.

The Federal Government of Nigeria plans to raise N700 billion through bond issuances in April 2026. This represents a reduction in the offer size compared to previous months, as the government navigates elevated borrowing costs.

RELX, a global provider of information-based analytics and decision tools, has reported a strong start to the year across all its business segments. The company anticipates continued robust underlying revenue and profit growth for the full year.

US business activity saw a rebound in April, with the S&P Global US PMI Composite Output Index rising to a three-month high. However, the overall pace of expansion remains slower than in previous years, particularly in the services sector.

Venture capital funding for Nigerian startups saw a 28% year-over-year decline in the first quarter of 2026, amounting to $78.6 million. This trend reflects broader shifts in the global investment landscape for early-stage companies.