Nigeria primed to be Africa’s industrial powerhouse— Ex-UNIDO DG
By Yinka Kolawole A former Director-General of the United Nations Industrial Development Organisation (UNIDO), Dr Kandeh Yumkella, has said Nigeria has the essential foundations to become Africa’s industrial powerhouse but must translate its huge market, natural resources and entrepreneurial capacity into competitive production and exports. Yumkella, who identified Nigeria’s financial depth and strategic position within […]
NGX Invest expands primary market access with WhatsApp subscription channel
By Chukwunonso Okolo Nigerian Exchange Group (NGX Group) has expanded access to its NGX Invest platform with the launch of a WhatsApp subscription channel, providing investors with an additional, convenient way to participate in public offers. Investors can begin the subscription process by sending “Invest” to NGX Invest on WhatsApp at +234 812 731 9521. […]
NMDPRA unveils new rules in a bid to curb monopoly
By Obas Esiedesa The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has unveiled proposed regulations aimed at curbing monopoly, abuse of market dominance, collusion and other anti-competitive practices in Nigeria’s petroleum midstream and downstream sectors. The proposed “Midstream and Downstream Petroleum Prevention of Anti-Competitive Practices and Behaviour Regulations, 2026” are also designed to guarantee […]
Oyedele at UNGA: ‘Africa needs affordable capital to finance infrastructure’
The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has called for a major shift in the global approach to financing Africa’s development, urging the international community to make affordable, long-term capital available for infrastructure and energy projects across the continent. Oyedele, who made the call at the United Nations Dialogue […]
IGR of states, FCT rises 41% to N5.15trn
By Elizabeth Adegbesan Internally Generated Revenue, IGR, for the 36 states of the federation and the Federal Capital Territory, FCT, rose by 40.93 percent year-on-year (YoY) to N5.15 trillion in 2025 from N3.65 trillion in 2024. The National Bureau of Statistics, NBS, disclosed this yesterday in its IGR report for 2025, noting that Lagos State […]
FG cuts interest on late tax payments
…New rate takes effect October 1…Applies to FG, states, FCT tax authorities By Emma Ujah, Abuja Bureau Chief ABUJA — The Federal Government has reduced the interest rate payable by taxpayers for late settlement of their tax liabilities, with the new regime taking effect from October 1, 2026. Under the new arrangement, interest on tax […]
