By Elizabeth Adegbesan The national average Cost of a Healthy Diet (CoHD) rose by 3.12 percent month-on-month (MoM) to N1,589 per adult per day in April from N1,541 per adult per day in March 2026. The National Bureau of Statistics (NBS) disclosed this yesterday in its CoHD Report for April 2026, noting that the increase was […]

By Godwin Oritse The Association of Nigerian Licensed Customs Agents (ANLCA) has called on the Federal Government (FG) to suspend the implementation of the Green Tax Policy, scheduled to take off from July 1st, 2026,  citing inadequate stakeholder engagement by the implementing agency, the Nigeria Customs Service (NCS). The association argued that key stakeholders, particularly licensed […]

Nigeria recorded a 21 per cent increase in intra-African trade in 2025, with total trade rising to $9.02 billion as the implementation of the African Continental Free Trade Area (AfCFTA) continued to unlock new export opportunities and deepen regional commercial integration, as businesses leveraged preferential market access and lower trade barriers. The latest African Trade Report […]

By Yinka Kolawole The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has unveiled Grow Fund for Small Businesses in Nigeria, a N500 million zero-interest fund for Micro, Small and Medium Enterprises (MSMEs) in the country. SMEDAN Director-General, Charles Odii, announced the initiative, in Abuja, as part of activities to mark the 2026 World MSME […]

The Federal Government is set to intensify efforts to drive industrial growth, expand trade, mobilise investment and boost non-oil exports in 2026 as part of its economic diversification agenda. Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, stated this at a management retreat for directors-general, directors and chief executives of agencies under the ministry. She […]

By Yinka Kolawole The Nigerian Economic Summit Group, NESG, has warned that export rerouting through neighbouring countries is undermining Nigeria’s trade competitiveness and depriving the economy of significant domestic value, despite the country’s impressive N7.55 trillion trade surplus recorded in the first quarter of 2026. The warning comes as data from the National Bureau of Statistics, NBS, […]

By Peter Egwuatu   The Nigerian stock market has sustained profit taking for second consecutive weeks, as investors lost over N2.4 trillion to price declines. The investors had lost over N5.6 trillion the previous week following massive selloff in high and mid capitalised stocks. Market analysts are of the view that the negative close reflects the market’s current […]

By Cynthia Alo The Malaysian Palm Oil Council, MPOC, has pledged to support Nigeria with technical expertise, research collaboration and investment opportunities to help close the country’s estimated one million metric-tonnes palm oil supply gap. The council also announced the establishment of a representative office in Lagos as part of efforts to deepen engagement with stakeholders across […]

The Federal Competition and Consumer Protection Commission (FCCPC) has warned oil marketers against exploiting consumers, saying the current retail prices of petrol do not reflect the sharp decline in global crude oil prices.

“You will see N50, N100, N250 and N300 popping up. Before you know it, the money is gone. Most people don’t even know exactly what they are paying for”

By Providence Ayanfeoluwa The European Union, EU, has donated a 200kW solar PV power system to the Standards Organisation of Nigeria, SON. Speaking at the commissioning ceremony in Lagos, Head of Cooperation, EU Delegation to Nigeria and ECOWAS, Massimo De Luca, said the EU and Germany have been working closely with SON to deliver the solar […]

By Providence Ayanfeoluwa The Managing Director of Port and Terminal Multiservices Limited (PTML), Mr. Ascanio Russo, has unveiled plans to invest an additional $50 million in the terminal to strengthen port infrastructure, improve operational efficiency and support Nigeria’s ambition of becoming the leading maritime hub in West and Central Africa. Russo disclosed the proposed investment […]

By Obas Esiedesa The Federal Government has expressed confidence that Nigeria will achieve a perfect score in the 2026 validation of the global Extractive Industries Transparency Initiative (EITI), with the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Musa Sarkin Adar, declaring the country fully prepared for the exercise. “We are ready for them. […]

By Emma Ujah, Abuja Bureau Chief The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, yesterday said   that Nigeria will witness monumental development, if the nation gets her tax system right. He spoke when he received a delegation of the Chartered Institute of Taxation of Nigeria (CITN) in his office in Abuja. […]

By Providence Ayanfeoluwa The Group Managing Director and Chief Executive Officer, United Bank for Africa, UBA Plc Mr Oliver Alawuba, has called on internal auditors across the banking industry to embrace artificial intelligence, AI, as the sector navigates a rapidly changing digital landscape. Alawuba made the call at the Association of Chief Audit Executives of Banks […]