NNPC’s 2026 revenue hits N28.5trn, jumps 21% in August
Reports indicated NNPC generated N2.571trn in January, N2.680trn in February and N2.774trn in March before revenue surged to N4.971trn in April
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 […]
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 […]
Leadway sustains support to Nigeria’s creative economy
By Rosemary Iwunze Leadway Assurance Company Limited has sustained its support for the growth of Nigeria’s creative industry, and small and medium enterprises (SMEs) with the sponsorship of the largest leather exhibition in Nigeria, the Lagos Leather Fair (LLF), for the fourth consecutive year. The Lagos Leather Fair, now in its ninth edition, is set to […]
