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Manufacturing sector tops VAT contribution at 26.6% in H1’25

By Yinka Kolawole   The manufacturing sector remained the top-contributing sector to Nigeria’s Value-added Tax (VAT) collections in the first half of 2025 (H1’25), with a contribution of N584.63 billion, representing 26.6 percent of the total local VAT collections of N2.197 trillion within the period, thus reaffirming the sector’s critical role in the country’s economic development. Analysis of the latest data […]

Dollar to Naira exchange rate today, December 1, 2025

The dollar traded higher against the naira on Monday, December 1, 2025, as year-end demand for foreign currency nudged parallel-market prices up while the official Nigerian Foreign Exchange Market (NFEM) rate remained steadier.

How João Lourenço mishandled AU–EU summit, let Africa down

By Omar diallo The African Union–European Union Summit in Luanda was meant to be a milestone for the continent — a jubilee gathering with the promise of historic progress. Instead, it left many Africans frustrated and disappointed. In my view, the summit failed, and part of that failure lies in how Angolan President and AU […]

Kwara monarch, six others escape as vigilantes launch fierce attack on bandits

By Demola Akinyemi, Ilorin The abducted monarch of Bayagan community in Ifelodun Local Government Area of Kwara State, Alhaji Kamilu Salami, the Ojibara of Bayagan, has escaped from the custody of armed bandits alongside six other captives, Vanguard has reliably gathered. According to credible community sources, the dramatic escape occurred on Sunday evening after local […]

Foreign Direct Investment loses ground despite surge in inflows

Against the backdrop of the declaration by the Federal Government that Nigeria’s economy has turned the corner to stability and recovery, going by some macroeconomic indicators, current trend in foreign investments inflow has indicated that foreign investors are yet to buy into the position.

Dangote Refinery, others cut petrol gantry price to N840 per litre

—As OPEC+ nations reaffirm commitment to oil market stability By Udeme Akpan, Energy Editor The Dangote Petroleum Refinery and other major depot operators have reduced the average gantry price of Premium Motor Spirit, PMS, to N840 per litre, down from N843 per litre. The price adjustment follows a decline in global crude oil prices, as […]

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