Manufacturers deepen local raw materials sourcing, up 11% in 3yrs
By Yinka Kolawole Nigeria’s manufacturing sector recorded a steady increase in the use of locally sourced raw materials between 2021 and 2024, with the share rising from 51.5 per cent in 2021 to 57.1 per cent in 2024, as foreign exchange pressures, naira depreciation and rising import costs pushed manufacturers towards domestic alternatives. Data from […]
VAT revenue rises 34% to N6.4trn in 9 months
Nigeria’s revenue from Value Added Tax (VAT) and Company Income Tax (CIT) recorded strong growth in the first nine months of 2025, reflecting improved non-oil revenue performance and enhanced fiscal capacity.
US stocks cut losses after Trump announces steps to safeguard Hormuz Strait
US equities joined a global equity rout Tuesday due to surging oil prices, but cut their losses after President Donald Trump announced steps to safeguard commerce in the Strait of Hormuz.
VAT revenue rises 34% to N6.4 trn in 9 months
Revenue from Value Added Tax, VAT grew year-on-year (YoY) by 34 percent to N6.4 trillion in the first nine months of 2025 (9m’25) from N4.77 trillion in the corresponding period of 2026.
Uncertainty persists in 2026, diversify now — Comercio Partners urges investors
The firm gave the advice in its 2026 Macroeconomic Outlook, where it projected moderating inflation, gradual monetary easing and steady economic growth, but cautioned that risks remain elevated.
China’s trade bureau set to partner West Africa IMT summit
The Trade Development Bureau of China’s Ministry of Commerce (TDB) has been confirmed as a Strategic Country Partner (China) for the West Africa Industrialisation, Manufacturing and Trade (West Africa IMT) Summit and Exhibition 2026. This, according to organisers, reinforces a growing shift in Nigeria-China economic relations from expanding trade volumes to anchoring industrial production and long-term […]
