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FG, OPS on collision course over NSITF levy hike

Indications emerged, yesterday, that the Federal Government and the Organised Private Sector, OPS, may be on collision course  over the proposed increase in the levy employers pay to the Nigeria Social Insurance Trust Fund, NSITF, under the Employees’ Compensation Scheme, ECS.

Igboho to Alaafin, Olubadan: Focus on tackling insecurity, not chairmanship tussle

FOLLOWING the dispute over the rotational chairmanship of the Oyo State Council of Obas between the Olubadan of Ibadanland, Oba Rashidi Ladoja, and the Alaafin of Oyo, Oba Akeem Owoade, Yoruba nation activist, Sunday Adeyemo, popularly known as Sunday Igboho, yesterday, urged the monarchs to work together to address insecurity in the South West and advance its development agenda.

Local refineries supply 87% of Nigeria’s cooking gas in 2025

By Udeme Akpan, Energy Editor Local refineries and gas processing plants, led by the Dangote Petroleum Refinery and NLNG Limited, supplied 87% of Nigeria’s domestic Liquefied Petroleum Gas (LPG), also known as cooking gas, in 2025, significantly reducing the country’s dependence on imports. Findings by Vanguard showed that the sharp rise in domestic supply marked a major […]

UAE, Nigeria’s economic deal, major strategic milestone — NACCIMA

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has described the Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates (UAE) and Nigeria as a major strategic milestone in Nigeria’s economic transformation agenda. Recall that UAE and Nigeria recently has signed the CEPA deal which is aimed at eliminating tariffs on […]

Dollar to Naira exchange rate today, January 21, 2026

The Nigerian Naira maintained a stable trajectory against the United States Dollar during the mid-week trading session, reflecting the positive sentiment surrounding the Central Bank of Nigeria’s (CBN) 2026 macroeconomic outlook.

Nigerian Industrial Policy: FG targets 25% manufacturing contribution to GDP

The federal government has unveiled the Nigerian Industrial Policy (NIP) aimed at driving value addition, industrial growth, employment creation across the country, and ensuring that the manufacturing sector contributes up to 25 percent to the nation’s Gross Domestic Product (GDP). Minister of State for Industry, Senator John Enoh, stated this at the soft launch of the […]

FG highlights incentives to boost manufacturing under new tax laws

By Yinka Kolawole The federal government, through the Presidential Committee on Fiscal Policy and Tax Reforms, has highlighted some of the incentives in the new tax laws aimed at boosting the manufacturing sector in Nigeria. Speaking at a stakeholders engagement with the Manufacturers Association of Nigeria (MAN) themed, “From Legislative Assembly to Factory Floor: What the […]

Businesses face costly credit as maximum lending rates reach 46%

By Babajide Komolafe Businesses across key sectors of the   economy are grappling with prohibitive borrowing costs as maximum lending rates charged by banks rose   to as high as 46 per cent. Vanguard analysis of banks’   deposit and lending rates published by the Central Bank of Nigeria (CBN)   show that while prime lending rates largely hovered between […]

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