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) […]
Strengthen governance or face regulatory action, CBN warns banks’ directors
By Babajide Komolafe Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday warned bank directors and industry leaders to strengthen corporate governance or face decisive regulatory action, declaring that “strong governance is the foundation of trust and stability in the financial system.” He gave the warning in a keynote address at the Chartered […]
Value addition holds key to food security, wealth in Nigeria — NABG boss
By Ediri Ejoh The President of the Nigeria Agribusiness Group (NABG), Arc. Kabir Ibrahim, has identified value addition across the agricultural value chain as the critical pathway to unlocking Nigeria’s food wealth and tackling rising poverty. Speaking at the Vanguard Economic Discourse 2026 in Lagos, themed, “The theme of this year’s edition is Food Security and […]
NACCIMA deepens Nigeria-China ties with tour of Guangzhou factories
By Yinka Kolawole The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has intensified efforts to strengthen bilateral trade and industrial cooperation with China, as its delegation embarked on a strategic tour of major manufacturing and commercial hubs in Guangzhou. Led by its National President, Engr. Jani Ibrahim, the delegation visited Wanli Tire […]
LCCI tasks FG on reforms to unlock manufacturing growth
By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has called for urgent reforms to address persistent constraints in Nigeria’s manufacturing sector, warning that weak fiscal management, poor budget execution, and structural bottlenecks continue to undermine economic growth. President of LCCI, Engr. Leye Kupoluyi, who spoke in Lagos during the Chamber’s quarterly media […]
POWER SECTOR CRISES: Band regime collapses, DisCos miss delivery targets
•Consumers now pay more for less •Output stuck at 3,000MW •We don’t enjoy Band A benefits — Customers •Band classification is lazy attempt to solving problem — Consultant By Udeme Akpan, Energy Editor, Emma Uja & Dan Abia Nigeria’s electricity Band classification regime is fast unraveling, as power supply across major cities falls significantly below promised levels, […]
