Tag: #BusinessNews
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N.I.A. INAUGURATES COMMITTEES ON AGRICULTURAL INSURANCE, REINSURANCE
The Nigerian Insurers Association (NIA) has inaugurated two technical committees on agricultural insurance and reinsurance to strengthen expertise, improve professional standards and promote best practices across the industry. This was disclosed in a statement on Thursday September 3. The move brings the association’s technical committees to 16. NIA Director-General, Mrs Bola Odukale, said the committees…
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UBER EXITS NIGERIA, UGANDA RIDE-HAILING MARKETS
Uber has announced the discontinuation of its ride-hailing operations in Nigeria and Uganda, effective Wednesday, September 2, following a review of its business priorities and investment focus across Africa. Uber’s Head of Communications for East and West Africa, Lorraine Onduru, said the decision was limited to the two countries and would not affect the company’s…
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WHATSAPP CHARGES: EXPERT URGES NIGERIAN BUSINESSES TO DIVERSIFY DIGITAL PLATFORMS
Nigerian businesses have been advised to strengthen their digital operations and avoid becoming overly dependent on a single foreign-owned platform following Meta’s planned charges for certain messages on the WhatsApp Business Platform from October 1, 2026. Innovation and Technology Policy Adviser, Jide Awe, said the pricing change should encourage Nigerian enterprises to build more resilient…
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AERMP LAUNCHES WEEKLY PUBLICATION FOR RISK PROFESSIONALS
The Association of Enterprise Risk Management Professionals (AERMP) has launched a weekly publication, CRO Compass, to provide Chief Risk Officers (CROs) and senior risk professionals with timely information on emerging risks, regulatory developments and industry trends. AERMP Director-General and Chief Executive Officer, Olayinka Odutola, unveiled the publication during the association’s virtual knowledge-sharing session, “The CRO…
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TAX OMBUD MOVES TO TACKLE MULTIPLE TAXATION, BOOST TAXPAYER CONFIDENCE
The Office of the Tax Ombud (OTO) has intensified efforts to tackle multiple taxation and other challenges affecting taxpayer confidence in Nigeria’s tax administration. The Tax Ombud and Chief Executive Officer, Dr John Nwabueze, disclosed this at the office’s third-quarter Breakfast Meeting with newsmen in Lagos. He said the OTO was strengthening its mediation and…
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NIA COMMENDS NAICOM’S TRANSPARENCY IN RECAPITALISATION, BACKS INDUSTRY REFORMS
The Nigerian Insurers Association (NIA) has praised the National Insurance Commission (NAICOM) for the transparent and structured implementation of the insurance industry’s recapitalisation exercise. NIA Chairman, Mrs Ebelechukwu Nwachukwu, said the process, conducted under the Nigerian Insurance Industry Reform Act (NIIRA) 2025, provided operators with clear guidelines, defined timelines and rigorous regulatory oversight. Nwachukwu described…
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COMPUTER VILLAGE TRADERS SHUT SHOPS AS TAX DISPUTE WITH L.I.R.S DRAGS ON
Traders in Lagos’ Computer Village temporarily shut their shops in a peaceful show of solidarity as the standoff with the Lagos State Internal Revenue Service (LIRS) entered its second week. The action followed the sealing of several plazas over a tax compliance dispute, with traders calling for dialogue and the immediate reopening of affected business…
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ORGANISED PRIVATE SECTOR OPPOSES PROPOSED PENSION CONTRIBUTION INCREASE
The Organised Private Sector of Nigeria (OPSN) has called on the Federal Government and the National Pension Commission (PenCom) to suspend plans to increase mandatory pension contributions, warning that the proposal could worsen the challenges facing businesses and workers. The group, which includes MAN, NACCIMA, NECA, NASME, NASSI and other employer associations, argued that the…
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EXPERTS WARN AGAINST BLIND RELIANCE ON AI IN AUDITING, STRESS STRONG GOVERNANCE
Accounting and audit professionals have been urged to embrace Artificial Intelligence (AI) as a tool to improve efficiency without allowing it to replace professional judgment, ethical reasoning and independent thinking in financial reporting. Speaking at the 2026 Audit Committee Institute Conference on Wednesday July 1 in Lagos, Chairman of the Audit Committee Institute, Christian Ekeigwe,…
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FCT TRADERS CALL FOR TEMPORARY ACCESS ROADS AS CONSTRUCTION IMPACTS BUSINESS
Traders in Mararaba and Aso markets have appealed to authorities and contractors to provide temporary access roads and improve drainage systems as ongoing road construction continues to affect business activities. According to several traders, flooding, traffic congestion and poor road access have reduced customer visits and sales, especially during rainfall. Some business owners said customers…
