The Federal Government has begun efforts to streamline more than 270 taxes, levies, and statutory charges imposed on Nigeria’s oil and gas industry, commissioning PwC to conduct a global benchmarking of the country’s fiscal regime.

Foreign exchange market recorded its strongest weekly turnover in three months, with total transactions rising 7.67% to $3.053 billion in the week ended July 3, 2026, according to the FMDQ weekly FX market review.

The Tax Ombud/Chief Executive, Dr. John Nwabueze, has urged staff of the newly established Office of the Tax Ombud to uphold integrity and quality service delivery as the institution’s guiding principles.

The Nigerian Education Loan Fund (NELFUND) has announced plans to replace its current method of paying tuition fees directly to tertiary institutions with a digital token-based system.

The Federal Workers Forum (FWF) has urged the Federal Government to approve a new ₦300,000 national minimum wage and settle outstanding wage awards, salary arrears, and other entitlements owed to workers.

United Bank for Africa (UBA) Plc has announced that Tony O. Elumelu will retire as Group Chairman on August 21, 2026, after completing the 12-year tenure limit for non-executive directors set by the Central Bank of Nigeria (CBN).