The extended family structure is a cornerstone of traditional African culture, where nuclear families unite under the authority of the broader family unit. Despite the influence of Western family systems, many African families still uphold this time-honored structure, which has proven to be both prestigious and valuable throughout history. The Dantata dynasty exemplifies the power of the extended family in fostering business success. The late Alhassan Aminu Dantata, part of the third generation of this wealth-building lineage, transformed the family’s legacy. His grandfather, Baba Talatin, was an Agarawa long-distance trader from Katsina, and his father, Abdullahi, expanded the family’s trade…
Author: Elvis Eromosele
On June 26, 2025, President Bola Ahmed Tinubu signed four transformative tax reform bills into law, marking a significant overhaul of Nigeria’s fiscal landscape. These bills, the Nigeria Tax Act, Nigeria Tax Administration Act, Nigeria Revenue Service (Establishment) Act, and Joint Revenue Board (Establishment) Act, aim to modernize the country’s tax system, streamline revenue collection, and foster economic growth. Crafted after what it termed extensive consultations led by the Presidential Committee on Fiscal Policy and Tax Reforms, chaired by Taiwo Oyedele, these reforms address long-standing issues such as fragmented tax laws, inefficiencies in administration, and disproportionate tax burdens on low-income…
A groundbreaking new report from the World Health Organisation (WHO) Commission on Social Connection has shed stark light on the severe and often fatal consequences of loneliness. The report estimates that this pervasive issue contributes to approximately 871,000 deaths worldwide each year. Released on Monday, the findings underscore that roughly 1 in 6 people globally are grappling with loneliness, a staggering figure that translates to about 100 deaths every single hour linked to this silent epidemic. Dr. Vivek Murthy, Co-chair of the WHO Commission on Social Connection and former U.S. Surgeon General, stated that the report aims to “pull back…
The National Health Insurance Authority (NHIA) has wielded the big stick on 49 Healthcare Facilities (HCFs) and 47 Health Maintenance Organisations (HMOs) for various service failures last year. It warned that substandard care for enrollees will no longer be tolerated. This is contained in the Authority’s 2024 Annual Complaints Report, released by the Acting Director, Enforcement, Dr Abdulhamid Habib Abdullahi. The NHIA, according to the report, investigated a total of 3,507 complaints nationwide last year, resolving 2,929 cases an 84 per cent resolution rate within the standard response window of 10 to 25 days. It disclosed that common complaints against…
Oluwayimika Debo-Carpenter In the digital financial services ecosystem, the settlement process plays a vital role in ensuring that funds move securely and accurately from customers to businesses, and from one financial institution to another. It’s the critical final step that confirms the completion of a transaction, providing merchants with the assurance that payments made by their customers are properly credited to their accounts within agreed timelines. For fintechs and payment processors, having reliable and transparent settlement processes isn’t just an operational necessity, it’s essential for building and maintaining trust with merchants. Any inconsistency, delay, or lack of clarity around settlement…
Peter Enogb, principal country economist, African Development Bank (AFDB), has said that the rise in global uncertainty, emanating from increases in global trade tariffs, has slowed Nigeria’s projected growth to 3.2 percent in 2025. “Without this level of heightened uncertainty, our projections would probably have been somewhat higher. We’ve reduced our projections for Nigeria. We initially were projecting 3.5-3.6 percent growth in 2025. “But given the current situation, our models are showing that we’re taking a more cautious approach. So that’s why we produced this and, of course, the main driver is uncertainty in the global economy,” Enogb said. He…
President Bola Ahmed Tinubu today signed four crucial tax reform bills into law, marking a significant step towards overhauling Nigeria’s tax administration system. The signing ceremony, held at the Presidential Villa on Thursday, was attended by a distinguished gathering that included the leadership of the National Assembly, governors, ministers, and presidential aides. The four bills, recently passed by the National Assembly after extensive consultations with various interest groups and stakeholders, are: The Nigeria Tax Bill The Nigeria Tax Administration Bill The Nigeria Revenue Service (Establishment) Bill The Joint Revenue Board (Establishment) Bill These new laws are anticipated to bring…
By Elvis Eromosele In a bold and forward-thinking move, the Nigerian Communications Commission (NCC) has unveiled the findings of its first-ever Regulatory Impact Assessment (RIA) on eight subsidiary legislations guiding Nigeria’s dynamic telecoms sector. This strategic assessment is not just another regulatory checkbox; it represents a seismic shift in how Nigeria is regulating one of its most vital sectors. On June 26, 2025, stakeholders gathered in Abuja to witness what many have called a landmark in regulatory reform. The event, themed around the presentation of the 2024 RIA Report, brought together operators, policymakers, legal experts, and consumer advocates. It was…
The Nigerian Communications Commission (NCC) has unveiled the comprehensive Report of the Regulatory Impact Assessment (RIA) on eight critical subsidiary legislations governing the telecommunications sector. The presentation took place during a landmark Stakeholder Engagement Forum in Abuja, marking a significant step towards more participatory and evidence-based regulation. Dr. Aminu Maida, Executive Vice Chairman/CEO, NCC, hailed the RIA as a crucial innovation in the Commission’s rule-making process. “The RIA allows the telecoms ecosystem to actively shape regulations that impact the sector. It safeguards public interest, stimulates innovation, and promotes investment,” Dr. Maida stated in his welcome address. He emphasized that the…
The Lagos State Government has rolled out a major new financing initiative, the Lagos State Access to Finance for SMEs Through Cooperatives (LASMECO), designed to inject vital capital into micro, small, and medium enterprises (MSMEs) right at the grassroots. This innovative scheme marks the latest in a series of strategic interventions aimed at strengthening local businesses and deepening community-level economic development. LASMECO is a collaborative effort with the Bank of Industry and Sterling Bank, establishing a substantial ₦10 billion fund specifically earmarked for MSMEs across key economic sectors. Through this program, eligible businesses can secure up to ₦10 million in…