Court fixes Sept 21 to hear motion for winding up of NICON Insurance
By IkechukwuNnochiri The Federal High Court in Abuja has slated September 21 to hear a petition seeking to formally wind up NICON Insurance Limited following the cancellation of its operating licence. Justice ChigozieOnah, while fixing the matter for hearing, ordered that assets, properties, investments, bank accounts, books, records, documents, and other proprietary interests of the […]
Tax reforms key to strengthening Nigeria’s finances, says FIRS boss
By Babajide Komolafe President Bola Tinubu’s bold tax reform initiatives are central to Nigeria’s strategy for economic resilience, Dr. Zacch Adedeji, the Executive Chairman of the Federal Inland Revenue Service, FRSC, has said. Speaking at the maiden lecture series of the University of Ilesa, Osun State, Adedeji told academics, policymakers, students, and industry leaders at the […]
Food inflation still going up but at slower speed
•Highest in Ogun, lowest in Yobe By Elizabeth Adegbesan Contrary to the feelers in the public space hinting that prices of some food items are going down, the National Bureau of Statistics, NBS, has said that on the average, the prices were going higher in the month of October 2025 as against previous month of September. But […]
Headline inflation eases to 16.05% in October
The National Bureau of Statistics, NBS, today said headline inflation rate eased by 1.97 percentage points to 16.05 percent in October from 18.02 percent in September 2025.
High interest rates: Manufacturers withdraw from bank loans
•Loan book size drops 20.3%, finance cost declines 52.8% •Profit rebounds to N2.5trn •Sector’s delinking from real economy, worrisome trend —Muda Yusuf •Banks’ income may fall below expectations —Adonri •This is fragile recovery —Egbomeade By Peter Egwuatu, Asst. Business Editor Against the backdrop of high interest rate regime, leading manufacturers have scaled down bank borrowings significantly. Details […]
PTML Customs intercepts cocaine worth N29.4bn from Sierra Leone, hands over to NDLEA
By Cynthia Alo The Nigeria Customs Service (NCS), Port and Terminal Multiservices Limited (PTML) Command, said on Tuesday it intercepted a cocaine shipment worth N29.4 billion. Comptroller Joe Anani, Area Controller of the PTML Command, told reporters the drugs were discovered in an empty 20-foot container brought in from Freetown, Sierra Leone, during a routine disinfection […]
