February 26, 2026

Stella Adenekan

Briefs

Electricity bills now need TIN/NIN, IKEDC says customers risk service suspension by Feb 20

The Ikeja Electric Distribution Company (IKEDC) has asked its customers to submit their identification details on or before February 20, 2026, warning that those who fail to comply risk possible service suspension. In a public notice issued on Wednesday, the electricity distribution company said the directive is in line with the Nigeria Tax Law (2025),

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Builders

Khaby Lame: The man who conquered the internet with silence

Khabane Lame, popularly known as Khaby Lame, was born in Dakar, Senegal, in 2000. He was just a year old when his parents relocated the family to Italy in search of greener pastures, but the grass was not as green in Europe as they thought.  Khaby grew up with his siblings in public housing near

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Tech

ChatGPT: OpenAI to discontinue GPT-4o and older models

OpenAI says it will remove GPT-4o and three other older models from ChatGPT on February 13, 2026, as it shifts more users to its newer GPT-5.2 experience. The change affects model options inside ChatGPT, not the company’s developer API. In its January 29 announcement, OpenAI said GPT-4o, GPT-4.1, GPT-4.1 mini, and OpenAI o4-mini will be

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Business

NGX: Top 10 most profitable industrial goods stocks in 2025

Nigeria’s industrial goods counters had a strong 2025 on the Nigerian Stock Exchange, with the NGX Industrial Goods Index climbing 58.91% to finish as the market’s third-best performing sector.  The index moved from 3,572.2 to 5,676.5, beating the NGX All-Share Index return of 51.19%. The sector’s hottest stretch was mid-year – July rose 34.28%, Q3

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Business

LIRS to recover unpaid taxes through banks, tenants, and employers

The Lagos State Internal Revenue Service (LIRS) says it will begin enforcing a legal tool that allows the agency to recover unpaid taxes from defaulting taxpayers through third parties, including banks, employers, tenants, debtors, customers, and business partners. What LIRS is relying on In a public notice, LIRS said Section 60 of the Nigeria Tax

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Culture

Funke Akindele’s ‘Behind The Scenes’ hits ₦2.4 billion at Nigerian box office

Funke Akindele’s Behind The Scenes has climbed to ₦2.4 billion at the Nigerian box office, strengthening its position as the country’s biggest cinema film this season.  The distributor, FilmOne Entertainment, said the figure makes the film the highest-grossing release of the year and the top-grossing film of the weekend. The update follows an earlier milestone

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Explainers

What you should know about 7.5% VAT on bank transfers from January 19

Effective Monday, January 19, 2026, many Nigerians will see a 7.5% value-added tax (VAT) added to certain banking service charges, including fees for mobile/app transfers, USSD transactions, and some POS-related charges. The key point is this: VAT is applied to the bank’s service fee, not to the amount of money you send, withdraw, or receive.

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Culture

BON Awards 2025 and the business reality of Nollywood

On the surface, the 17th Best of Nollywood (BON) Awards 2025 was about trophies, red carpets, and spectacle. Look closer, however, and the ceremony offered something more consequential, a snapshot of an industry at a critical inflection point, that’s balancing rising creative ambition with unresolved structural constraints. Nollywood’s biggest night of rewarding artistic excellence held

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Builders

Collins Okeke: The story of a troubled Lagos ‘Nwa Boi’ apprentice who now manages £16m in the UK

On Okito Street in Ajegunle, a Lagos slum, the hustle never stops. Families squeeze into one room, water is fetched before dawn, and sometimes food comes only once a day. That was the world where Collins Okeke, the son of an Alaba trader, grew up. But even in the middle of that chaos, he carried

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POV

Why ‘Item 7 Lagos’ might be the best thing since sliced bread

Back in April 2025, Item 7 Lagos opened its doors in Lagos; no dine-in, no frills, just take-out vibes. Located at 56 Allen Avenue, Ikeja, it immediately caught people’s eyes and appetite, especially via social media and delivery apps. Folks couldn’t stop ordering from them, mainly because the portions are generous, the prices are reasonable,

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