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Nigeria Industrial Policy: FG secures $380m investment commitments in 90 days

By Yinka Kolawole The Federal Government has announced significant progress in the implementation of the Nigeria Industrial Policy (NIP) 2025, recording over $380 million in strategic financing commitments within its first 90 days and advancing key initiatives aimed at boosting local manufacturing, exports, skills development and industrial infrastructure. A 90-day progress report released by the Office […]

Nigeria needs policy, legislative resilience to turn reforms into results, says Usman-Katsina

Head Federal and National Assembly Affairs, Hajiya Fatima Y. Usman-Katsina has called on federal and state governments to adopt Policy and Legislative Resilience (PLR) as a practical framework to strengthen institutions, improve fiscal discipline, deepen citizen participation, and ensure that Nigeria’s ongoing reforms deliver measurable results. Usman-Katsina said Nigeria is at a critical governance moment, […]

Textile manufacturers seek stronger trade protection for local industry

By Yinka Kolawole The Nigeria Textile Manufacturers Association (NTMA) has renewed its call for stronger government measures to protect the country’s textile industry from excessive imports, smuggling and unfair foreign competition. Speaking on a programme on the Nigerian Television Authority (NTA), the Director-General of NTMA, Dr. Hamma Ali Kwajaffa, said the association has consistently advocated decisive […]

Manufacturing leads non-oil tax revenue with N404bn VAT, CIT contribution in Q1’26

By Yinka Kolawole Nigeria’s manufacturing sector reinforced its role as a major contributor to government revenue in the first quarter of 2026 (Q1’26), generating N329.59 billion in Value Added Tax (VAT) and N74.48 billion in Company Income Tax (CIT), totalling N404.07 billion. Data obtained from the National Bureau of Statistics (NBS) highlight the sector’s continued importance to […]

Importers pay N100,000 daily demurrage over NSW delays — Customs agents

By Efe Onodjae Importers and clearing agents have raised concerns over mounting demurrage costs at Nigerian seaports, blaming delays linked to the National Single Window (NSW) platform for prolonged cargo clearance processes. The National President of the National Council of Managing Directors of Licensed Customs Agents, NCMDLCA, Lucky Amiwero, along with other customs agents, alleged that […]

Dollar to Naira exchange rate today, June 22, 2026

The Nigerian naira traded at relatively stable levels against the United States dollar on Monday, June 22, 2026, as the official and parallel foreign exchange markets continued to maintain a narrow spread.

Stock market slides as profit-taking hits blue chip companies 

By Peter Egwuatu  After the sustained rally recorded in the previous weeks of May 2026, profit-taking by investors last week have taken toll on the Nigerian stock market. Analysts noted that the profit-taking was mostly in major blue chip and mid-cap companies that had paid dividends to their shareholders. A review of activity on the Nigeria […]

Benue seeks stronger ties with N-HYPPADEC, pushes for water projects, safer waterways

By Peter Duru, Makurdi The Benue State Government has commended the National Hydroelectric Power Producing Areas Development Commission (N-HYPPADEC) for its continued support and solidarity with the state, while calling for stronger collaboration on critical infrastructure and water safety initiatives. Speaking on behalf of Governor Hyacinth Alia while receiving the Managing Director and Chief Executive […]

Taraba needs mining regulation, not uncertainty: A call for stable policies and sustainable development

By Kingsley Chukwuka Public discussions and concerns are mounting over the stability of mining policies and sustainable development in Taraba State following a recent suspension announcement circulating within the industry. ​The full text of the report and perspective from industry stakeholders details the situation below: “​We have followed with concern the recent reports and public […]

Sokoto mobilises grassroots drive to tackle maternal mortality, boost immunisation

By Musa Ubandawaki, Sokoto SOKOTO — The Sokoto State Primary Healthcare Development Agency has intensified efforts to strengthen primary healthcare delivery and improve health outcomes across the state with a renewed community engagement drive targeting maternal mortality and low immunisation coverage. The initiative featured an orientation and sensitisation workshop for Ward Development Committees (WDCs) on […]

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