By Progress Godfrey The Federal Government has called for stronger development finance and greater private capital mobilisation to support its $1 trillion economy ambition, stressing that public funds alone cannot finance the country’s plan. Speaking at the Bank of Industry (BoI) Development Partners’ Roundtable and presentation of the 2025 Annual Development Impact Report (ADIR) in Abuja, […]

By Elizabeth Adegbesan  As part of the Federal Government (FG) borrowing plan for the 2026 budget, the Central Bank of Nigeria, CBN, has issued Treasury Bills, TBs, to raise N5.8 trillion in the third quarter of 2026 (Q3’26). This represents a 241 percent year-on-year (YoY) increase when compared to N1.76 trillion sold in Q3’25. CBN disclosed […]

By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has urged the Nigeria Revenue Service (NRS) to immediately extend the June 30, 2026 deadline for filing Company Income Tax (CIT) returns by one month. This, according LCCI, follows what it saw as widespread technical failures on the newly deployed Rev360 tax platform that left […]

By Providence Ayanfeoluwa The Africa Association of Professional Freight Forwarders and Logistics of Nigeria (APFFLON) has challenged the Minister of Power, Joseph Tegbe, to translate recent assurances on electricity sector reforms into visible improvements in power supply. The group maintained that Nigerians can no longer afford the economic consequences of persistent electricity failures. In a statement […]

Hands over N53bn worth of seized drugs, expired pharmaceuticals to NDLEA, NAFDAC By Efe Onodjae The Nigeria Customs Service (NCS) has uncovered an attempt to smuggle unregistered pharmaceutical products into Nigeria using a fake registration number of the National Agency for Food and Drug Administration and Control (NAFDAC). The Comptroller-General of Customs, Bashir Adeniyi, disclosed this […]

By Yinka Kolawole, with agency report The International Monetary Fund (IMF) has disclosed that the Federal Government (FG) failed to capture public expenditure equivalent to about two per cent of Nigeria’s Gross Domestic Product (GDP) in recent national budgets, creating a mismatch between the country’s reported fiscal deficit and its actual financing needs. IMF’s Resident Representative […]

By Godwin Oritse Managing Director  of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has expressed support for the Abuja Memorandum of Understanding (Abuja MoU) Capacity Building Programme as a major step towards strengthening maritime governance and enhancing Port State Control across West and Central Africa. Speaking at the programme’s launch in Abuja, Dantsoho reaffirmed […]

•FTSE Russell delays Nigeria’s Frontier Market status   over T+1 concerns By Peter Egwuatu The Nigerian stock market ended June on a bearish note, with investors losing a whopping N13.3 trillion in the value of their investments listed on the Nigerian Exchange Limited (NGX) on a month-on-month (MoM) basis, the highest monthly loss recorded in the first […]

By Favour Ulebor Abuja-The United Nations Entity for Gender Equality and the Empowerment of Women, UN Women, has said the prevalence of sexual violence against women in Nigeria declined from 9 per cent in 2018 to 5 per cent in 2024. UN Women Representative to Nigeria and ECOWAS, Ms. Beatrice Eyong, disclosed this during the close […]

By Joseph Erunke Abuja-The Nigerian Education Loan Fund, NELFUND, has condemned what it described as unethical practices by some tertiary institutions accused of withholding tuition refunds from students and arbitrarily increasing school charges, despite benefiting from the federal government’s scheme. The Fund, in a public notice issued by the Director, Strategic Communications, Oseyemi Oluwatuyi, yesterday, said […]

Assures FG committed to reducing bottlenecks in doing business By Johnbosco Agbakwuru ABUJA—THE Vice President, Senator Kashim Shettima, said yesterday the Federal Government must keep engagement with the business sector openly. According to him, any government that ignores employers cannot fully understand the economy. Consequently, he said the federal government remained committed to reducing bottlenecks and […]

By Peter Egwuatu Shareholders of Neimeth International Pharmaceuticals Plc have approved plans by the company’s Board of Directors to raise additional capital to accelerate its expansion programme and complete its ongoing world-class pharmaceutical manufacturing facility in Amawbia, Anambra State. At the company’s 67th Annual General Meeting (AGM), held virtually, shareholders unanimously approved all the board’s resolutions […]

By Godwin Oritse The Association of Nigerian Licensed Customs Agents (ANLCA) has called on the Federal Government (FG) to suspend the implementation of the Green Tax Policy, scheduled to take off from July 1st, 2026,  citing inadequate stakeholder engagement by the implementing agency, the Nigeria Customs Service (NCS). The association argued that key stakeholders, particularly licensed […]

By Elizabeth Adegbesan Domestic air travel fares rose by 20.8 percent year-on-year (YoY) to N157,552 in May 2026 from N130,361 in May 2025. The National Bureau of Statistics (NBS) disclosed this in its latest Transport Fare Watch which showed increases in fares across other transport categories. The NBS stated: “In air travel, the average fare paid […]

By Elizabeth Adegbesan The national average Cost of a Healthy Diet (CoHD) rose by 3.12 percent month-on-month (MoM) to N1,589 per adult per day in April from N1,541 per adult per day in March 2026. The National Bureau of Statistics (NBS) disclosed this yesterday in its CoHD Report for April 2026, noting that the increase was […]