Author: Smart Megwai

The Lagos State Internal Revenue Service (LIRS) has shut down Shoprite’s main store, one of the busiest supermarkets in Nigeria, due to claims of not complying with tax laws. This is more than just a fine. LIRS is using a strong approach, and this situation has an interesting and complex…

NAFDAC, Nigeria’s food and drug regulatory agency, has announced it is now banning sachet and small-bottle alcohol products. The Director General, Prof. Mojisola Adeyeye, said that by December 2025, the production and sale of these alcoholic drinks in sachets and bottles smaller than 200ml will stop. The ban will be…

An operator at the PTML Terminal of Tincan Island Port in Lagos was doing their job last weekend, checking a container that was officially listed as empty. Inside, they found 1,000 kilograms of cocaine. This was a significant discovery, valued at over $235 million, which is more than N338 billion.…

The “Electric Vehicle Transition and Green Mobility Bill,” sponsored by Senator Orji Uzor Kalu, just passed its second reading in the Senate. This bill goes beyond a simple idea to encourage green practices. It is a major plan to completely change the Nigerian auto industry and focus on building vehicles…

You see an ad on Instagram for a “flash sale” from an unknown e-commerce store. It features a “miracle” medical product or an “unbeatable” investment scheme. Your instinct tells you it seems “too good to be true.” A recent leak of internal Meta documents, reported by Reuters, confirms your instinct…

On Thursday, the Abuja Electricity Distribution Company (AEDC) announced it was laying off 800 workers as part of a “restructuring exercise.” According to the press statement, this was “aimed at delivering improved services to its customers as well as enhanced operational efficiency and excellence.” However, customers felt the opposite. One…

The Nigerian Railway Corporation (NRC) just declared that it plans to transition its rail network to electric-powered trains within five years. An official press release from the NRC, dated November 5, 2025, confirms this is the new policy framework. The statement, which you can see in a post on X…

Starting November 20, 2025, you will use a new digital arrival card to enter China. This change ends the use of the old paper form that travellers used to fill out on the plane. The digital arrival card is part of a larger plan to make travelling to and through…

The new data from the Nigerian Communications Commission (NCC) looks like a simple “number go up” story. Active telephone subscriptions climbed to 173.54 million in September. Broadband penetration hit a new record of 49.34%. Teledensity, which is the number of active lines per 100 people, also ticked up to 80.05%.…

The Federal Competition and Consumer Protection Commission (FCCPC) is taking a strong stand against deceptive practices in business. Their enforcement team, led by Mrs. Boladale Adeyinka, has shut down five large textile warehouses in Kano. These closures are not due to cleanliness or tax issues, but because of scams involving…

Recall that just last week, a new economic report from a think tank called Quartus Economics made a bold suggestion: our cash system is broken, and the CBN should fix it by introducing N10,000 and N20,000 notes. The response from the people who actually run the businesses and employ the…

Prince Nnamdi Ekeh, the Group CEO of Konga, was just honoured in London at the House of Lords. And not with one, but two massive awards on the same night: the Forbes Best of Africa E-commerce Leadership Award and the Distinguished Euro Knowledge Award for Emerging Leadership. It’s a huge…

Stallion Group has unveiled four new vehicles from its MG range, and it’s not just another launch. This is a four-pronged attack on every single segment of the Nigerian auto market. And the star of the show, the one that everyone is talking about, is a car that seems custom-built…

Starting tomorrow, Nigeria’s top online shopping sites will begin a month-long shopping event called Black Friday. Here’s what to expect: However, many Nigerians have a big concern: “Am I going to get scammed?” We’ve all seen it happen. A tempting 60% discount on a TV that just had its price…

If you’re a fintech founder in Nigeria, to whom do you answer? Is it the Central Bank of Nigeria (CBN), which governs all things payments and banking? Is it the Securities and Exchange Commission (SEC) that oversees digital investments and assets? Or is it the Data Protection Commission (NDPC), or…

The new Postmaster General of NIPOST, Engr. Tola Odeyemi has apparently been reading her social media mentions. She just announced the launch of the agency’s Digital Payment Solution for Inbound Postal Items, a significant plan that is built with some of Nigeria’s biggest tech names. But the real headline isn’t…

When was the last time a N1,000 note felt valuable? Think about the physical reality of money in Nigeria today. To buy a tank of fuel or a week’s groceries, you need a stack of N1,000 notes. A new economic review by Quartus Economics, first highlighted in a report by…

Justice Emeka Nwite of the Federal High Court in Abuja has officially ordered eight central commercial banks to unfreeze 13 bank accounts, including some linked to the FCT Investment Promotion Agency and the United Nations Youth Global Foundation. This order brings to an end a two-year saga for these account…

Moniepoint, a leading Nigerian financial platform, just built an AI-powered chatbot, ‘M,’ to make its deep data on the informal economy easy for anyone to understand. This isn’t just a product launch. It’s a profound shift in how we understand the sector that, as it turns out, is the nation’s…

Google just announced $2.85 million (that’s R49 million) in funding for South Africa. The announcement was made at the AI Expo Africa in Sandton, the perfect backdrop for this kind of news. But let’s be real. This isn’t just a simple donation. This is a highly strategic, two-pronged ecosystem build,…