Business

The member representing Ogbaru Federal Constituency, Anambra State, in the House of Representatives, Afam Ogene, has urged the Anambra State Governor, Prof. Chukwuma Soludo, to reconsider his decision on the closure of the Onitsha Main Market.Ogene, in a press statement released on Thursday, expressed concern that the one-week closure would inadvertently cause further hardship and economic losses to thousands of traders, as well as have a detrimental impact on the state’s economy.He therefore called on Soludo to embrace dialogue with market leaders with the aim of diplomatically resolving the situation.The lawmaker noted that the governor’s directive to close the market has met widespread public outcry, with many questioning the constitutionality of the action. He added that th...

The Nigeria Police Force, through its National Cybercrime Centre, NPF–NCCC, has uncovered and dismantled a sophisticated cyber-enabled fraud syndicate responsible for the illegal diversion of a telecommunications company’s airtime and data resources, with estimated losses of over N7.7 billion. Force Public Relations Officer, CSP Benjamin Hundeyin, who disclosed this in a statement on January 28, 2026, said the breakthrough followed a petition submitted by a Nigerian telecommunications firm after it detected suspicious and unauthorised activities within its billing and payments infrastructure.Hundeyin said investigations revealed that internal staff login credentials of the affected company were compromised, allowing the suspects to gain unlawful access to core systems and dive...

The Independent Corrupt Practices and Other Related Offences Commission, on Thursday, sealed a strategic partnership with the Nigerian Bar Association Anti-Corruption Committee to deepen the fight against corruption and reinforce ethical standards within Nigeria’s legal profession.The collaboration was formalised with the signing of a Memorandum of Understanding at the ICPC headquarters in Abuja, signalling a renewed commitment by both institutions to uphold integrity, accountability and the rule of law.A second MoU was also signed between the NBA-ACC and the Anti-Corruption Academy of Nigeria, the ICPC’s training and research arm, aimed at strengthening institutional and human capacity through education, research and professional development.Speaking at the ceremon...

Senate President Godswill Akpabio has rejected claims that the newly signed tax laws by President Bola Tinubu differ from the versions approved by the National Assembly.Speaking during plenary on Wednesday, Akpabio described reports alleging post-passage alterations to the gazetted tax laws as false and misleading. He stressed that the laws signed by the President faithfully reflect the resolutions reached by lawmakers in both chambers of the National Assembly.In his remarks, Akpabio dismissed allegations made by House of Representatives member Abdussamad Dakuku, who had suggested that the tax reform bills passed by parliament were not the same as the versions later released to the public. According to the Senate President, such claims are baseless.He emphasized that only docum...

Amazon has announced plans to cut 16,000 jobs worldwide as part of a broader restructuring effort, expanding on workforce reductions first signaled in October. The tech giant had earlier indicated it would eliminate about 14,000 roles, but the latest announcement increases the scope of the layoffs as the company continues to streamline operations amid slower growth and rising costs. According to Amazon, the job cuts are intended to simplify its corporate structure and improve efficiency. Senior Vice President Beth Galetti said the move is aimed at “reducing layers, increasing ownership, and removing bureaucracy” across teams. The cuts are expected to affect multiple divisions globally, adding to a wave of layoffs that has swept through the global tech industry as...

The Central Bank of Nigeria (CBN) has approved the temporary use of expired National Agency for Food and Drug Administration and Control (NAFDAC) licences by importers for import documentation purposes.In a circular issued on January 26, 2026, by the Trade and Exchange Department of the apex bank and published on its website on Tuesday, the CBN said authorised dealer banks may continue to process Form M applications using NAFDAC licences that expired on December 31, 2025.The bank said the decision was necessitated by operational challenges arising from the migration from the legacy Nigeria Integrated Customs Information System II platform.According to the circular, the temporary approval takes immediate effect and will run for two months, expiring on February 28, 2026.“The ...

The Anambra State government has directed traders in twelve additional markets to resume normal operations on Mondays, warning that non-compliance could result in temporary market closures.This follows last week’s closure of Onitsha Main Market after traders refused to open on Mondays, an action the government said disrupted business activities.The markets now required to operate include: Ochanja Central Market, Bridgehead Market, Ogbaru Main Market, Building Materials Market Ogidi, Agba-Edo Auto Spare Parts Market Nnewi, New Auto and Motorcycle Spare Parts Market Nnewi, Fairly Used Motorcycle Spare Parts Market Nnewi, New Auto Spare Parts Market Nkpor, Nkpor Main Market, Old Mercedes-Benz Spare Parts Dealers Market Nkpor, Old Motor Spare Parts Market Obosi, and Electrical Dealers ...

advertisementCommunity leaders and displaced residents on Wednesday staged a protest at the Ikeja Under-Bridge area of Lagos, condemning the ongoing demolitions and alleged forced evictions in waterfront and low-income communities across the state.The protesters accused the Lagos State Government of carrying out demolitions in areas such as Makoko, Owode Onirin and Oworonshoki without adequate notice, compensation or resettlement plans for affected residents.Story continues below advertisementThe demonstrators occupied strategic sections of the Ikeja under-bridge, temporarily disrupting movement and drawing the attention of commuters and motorists along the busy axis.The protesters carried placards bearing inscriptions such as “Stop Forced Evictions Now,” “Makoko Lives ...

A female Point of Sale operator was k!lled after being hit by a commercial bus near the Total filling station in the Berger area of the Federal Capital Territory on Monday.According to eyewitnesses, the bus driver, who was operating a coaster bus, was being chased by officials of the Federal Road Safety Corps when the incident occurred.A commuter who witnessed the incident and identified himself as Johnson told punch that the woman had arrived early for work and was crossing the road after buying food.Johnson added that after the bus struck the woman during the chase, neither the coaster bus driver nor the FRSC officials stopped at the scene.He said the victim remained on the road until police officers from the Utako Division arrived, by which time she had died....