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Rising diesel prices cripple fishing sector, 80% of vessels grounded

Rising diesel prices cripple fishing sector, 80% of vessels grounded

By Godwin Oritse Members of the Nigerian Trawlers Owners Association (NITOA) have disclosed that more than 80 per cent of their vessels are currently grounded due to the sharp rise in diesel prices. A visit to the Ijora fish showed that there are low quantities of fishes caught by Nigerian Trawlers, a development that brought […]

OPS seeks President’s help to stop beverage levy bill

OPS seeks President’s help to stop beverage levy bill

By Yinka Kolawole The Organised Private Sector of Nigeria (OPSN), has called for President Bola Tinubu’s intervention to halt the passage of the proposed Customs, Excise and Tariff Amendment (CETA) Bill currently before the National Assembly which seeks to introduce a percentage levy per litre of the retail price on non-alcoholic beverages. The members of OPSN […]

Manufacturing tax contributions maintain upward trend in 2025

Manufacturing tax contributions maintain upward trend in 2025

…VAT rises 45.6% to N1.17trn; CIT up 32.8% to N881.3bn By Yinka Kolawole The manufacturing sector’s contribution to tax revenue collections in Nigeria maintained an upward trend in 2025, contributing a total of N1.17 trillion in Value Added Tax (VAT) representing an increase of 45.61 percent over the N803.53 billion recorded in 2024 while the sector’s Company […]