FAAC shares N2.43trn among FG, states, LGs
•As CIT, CGT, stamp duties, VAT collections decline By Emma Ujah The Federation Account Allocation Committee (FAAC) has shared N2.428 trillion among the three tiers of government, Federal Government, state governments and local government councils. This comes as collections from Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties and Value Added Tax (VAT) […]
Over 41% of electricity consumers still without meters –NERC
By Obas Esiedesa About 5.1 million consumers, representing about 41 per cent of Nigeria’s 12.31 million active electricity customers were without prepaid meters as of February 2026, according to data released by the Nigerian Electricity Regulatory Commission (NERC). The Commission, in its January and February 2026 metering factsheet, disclosed that only 7.21 million customers had been metered […]
Pension scheme plagued by gender disparity
THE Nigerian labour force under the Contributory Pension Scheme (CPS), remained heavily dominated by male workers in 2025, as the number of registered male contributors rose to 8.75 million against 3.47 million female subscribers
SIFAX Chairman urges African firms to build global-scale corporations
By Babajide Komolafe Chairman, SIFAX Group, Dr. Taiwo Afolabi, has called on African entrepreneurs, investors, and business leaders to prioritise the growth of large, sustainable corporations capable of competing globally, rather than operating fragmented and small-scale enterprises that limit the continent’s economic potential. Speaking at the sidelines of the Africa CEO Forum held in Kigali, Rwanda, […]
Inter-agency collaboration imperative for sustained maritime security — NIMASA boss
The Nigeria Maritime Admisnistration and Safety Agency, NIMASA, has expressed the imperative of a sustained partnership across the Nigeria’s security agencies together with the NIMASA in providing adequate security for the country’s maritime ecosystem. Speaking at the C4i capability demonstration and graduation ceremony of the security personnel in Lagos, NIMASA’s Director General, Dr. Dayo Mobereola, […]
CBN retains rate at 26.5 %, says no FX market intervention
…as Reserves hit $50b By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 percent, along with other monetary rate parameters. Briefing the media on the outcome of the 305th Monetary Policy Committee (MPC) committee, in Abuja, yesterday, the Governor of the CBN, Mr. Olayemi […]
