December 2025 – Page 45

Naira Projection 2026: Afrinvest Forecasts N1,431.06/$

25.12.2025

Investment house Afrinvest has projected that the naira will trade at N1,431.06/$ in the new year. This was contained in its 2025 Macroeconomic Review and 2026 Outlook, which was obtained by our correspondent on Tuesday. The PUNCH reports that this projection is stronger than that of the Managing Director of Financial Derivatives, Bismarck Rewane, at...

Ijebu Shutdown Party Expands to Boost Tourism

25.12.2025

The organisers of the Ijebu Shutdown Party have announced that the event will now be held twice a year, following the widely celebrated success of its maiden edition. The decision, according to the organisers, was driven by overwhelming acceptance, strong turnout and positive feedback from attendees, stakeholders and the wider Ijebu community. In a statement,...

Unlocking Nigeria’s Maritime Economy Potential: SEREC’s View

25.12.2025

The Sea Empowerment and Research Centre has called for the need to properly frame existing maritime-linked revenues, especially those accruing from international trade and port activities administered by the Nigeria Customs Service. The group also noted that customs revenue, derived largely from seaborne trade, constitutes a major pillar of Nigeria’s maritime economy and already contributes...

Nigeria’s New Tax Reforms Test its Revenue Strategy

25.12.2025

Nigeria is once again seeking to repair its fragile revenue system, but the risks this time are significantly higher than in previous reform efforts. SAMI TUNJI examines how the far-reaching new tax laws will test the country’s revenue strategy, compelling a critical balance between ambition, effective implementation, and public trust in a low-income, high-inflation economy...

SIFAX Group Thanksgiving: Stable Amid Economic Uncertainty

25.12.2025

The Chairman of SIFAX Group, Dr Taiwo Afolabi, has said that despite dynamic economic challenges and global uncertainties, the company remains anchored in divine clarity and stability. According to a recent statement, Afolabi disclosed this during the 3rd edition of the SIFAX Group Annual Thanksgiving and Praise Night themed ‘God’s Faithfulness, Our Gratitude’. Speaking on...

NIS enhances transparent operations at Nigerian ports

25.12.2025

The Nigerian Immigration Service has flagged off the fourth edition of its nationwide sensitisation corruption campaign. Speaking in Apapa on Monday during the campaign themed, ‘Innovating for transparency and efficiency, strengthening service delivery and combating corruption through reforms’, the Comptroller-General of the Immigration Service, Kemi Nandap, stated that technology innovations have reduced human interference, minimised...

Business

FirstBank ATMs Now Accept International Cards in Nigeria

25.12.2025

FirstBank has become one of the first banks to comply with the Central Bank of Nigeria’s directive, which mandates lenders to configure their Automated Teller Machines to accept international cards. In an email on Wednesday, FirstBank informed its customers that its ATMs across the country now accept foreign-issued cards. The CBN, in a circular to...

Tax agency needs court order to debit bank accounts

25.12.2025

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said that Nigerian tax authorities cannot debit taxpayers’ bank accounts without first going through the full judicial process, dismissing claims that the new tax laws allow arbitrary deductions. Oyedele made the clarification on Wednesday while speaking on the Arise Television Morning...

Akpabio Salutes Nigerians At Christmas, Urges Peace, Love, Unity

25.12.2025

President of the Senate, Senator Godswill Akpabio, has congratulated Nigerians, particularly Christians, on the occasion of Christmas celebration, urging them to promote peace, love, and unity. In his Christmas message, signed by his Special Adviser on Media and Publicity, Hon. Eseme Eyiboh, Akpabio emphasised the importance of spreading love, kindness and generosity at yuletide. He...

New NUPRC chief vows to boost oil production & investment

25.12.2025

The newly appointed Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Mrs Oritsemeyiwa Eyesan, has assumed office, pledging to reposition Nigeria’s upstream oil and gas sector, boost investments, and raise oil and gas production in line with the Petroleum Industry Act 2021. Eyesan formally assumed office on Tuesday, December 23, 2025, following a handover...