Stanbic IBTC, Abia State partner to deepen MSME growth
By Peter Egwuatu Stanbic IBTC Bank has affirmed its commitment to accelerating the growth of Micro, Small and Medium Enterprises (MSMEs) across Nigeria through strategic partnerships with state governments and institutions committed to creating enabling environments for businesses to thrive. The bank made this commitment during its Nigeria Business Summit Regional Tour held in Aba, in […]
UAE, Nigeria’s economic deal, major strategic milestone — NACCIMA
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has described the Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates (UAE) and Nigeria as a major strategic milestone in Nigeria’s economic transformation agenda. Recall that UAE and Nigeria recently has signed the CEPA deal which is aimed at eliminating tariffs on […]
Nigerian Industrial Policy: FG targets 25% manufacturing contribution to GDP
The federal government has unveiled the Nigerian Industrial Policy (NIP) aimed at driving value addition, industrial growth, employment creation across the country, and ensuring that the manufacturing sector contributes up to 25 percent to the nation’s Gross Domestic Product (GDP). Minister of State for Industry, Senator John Enoh, stated this at the soft launch of the […]
FG highlights incentives to boost manufacturing under new tax laws
By Yinka Kolawole The federal government, through the Presidential Committee on Fiscal Policy and Tax Reforms, has highlighted some of the incentives in the new tax laws aimed at boosting the manufacturing sector in Nigeria. Speaking at a stakeholders engagement with the Manufacturers Association of Nigeria (MAN) themed, “From Legislative Assembly to Factory Floor: What the […]
Businesses face costly credit as maximum lending rates reach 46%
By Babajide Komolafe Businesses across key sectors of the economy are grappling with prohibitive borrowing costs as maximum lending rates charged by banks rose to as high as 46 per cent. Vanguard analysis of banks’ deposit and lending rates published by the Central Bank of Nigeria (CBN) show that while prime lending rates largely hovered between […]
Nigerians spend $1.73bn on foreign education, health in 6mths
•Represents 19% increase; highest in 4yrs By Babajide Komolafe In spite of the high exchange rate and inflation-induced cost of living crisis across the country, Nigerians increased spending on foreign education and health services by 19 per cent to $1.73 billion in the first half of 2025, H1’25 representing the highest in four years, since 2022. Vanguard […]
