Nigeria must manufacture meters locally, secure sustainable financing — Experts
By Esther Ihejirika Electricity sector experts have called for increased local meter manufacturing, sustainable financing and wider adoption of smart technology to accelerate meter deployment and close Nigeria’s metering gap. They made the call during a webinar on rapid meter rollout, stressing the need for a coordinated national metering plan to improve revenue collection, reduce […]
FG, PwC, others highlight priority actions to enhance power sector
By Peter Egwuatu The Federal Government, PwC Nigeria and other stakeholders have emphasised the need for collaboration among regulators and operators in order to improve the supply of power in the country. This was agreed during the discussions with stakeholders and industry leaders at PwC Nigeria’s15th Annual Power and Utilities Roundtable. The forum, themed “Nigeria’s multi-tier […]
Ecobank Nigeria announces tender offer for outstanding 2026 senior eurobond
By Babajide Komolafe Ecobank Nigeria Limited has announced the launch of a tender offer for its outstanding U.S.$300 million, 7.125% Senior Note Participation Notes due 2026. The bank in a statement said: “As at the date of this announcement, $150 million of the Notes remain outstanding. “The proposed offer commenced on Friday, 28 November 2025, and […]
Manufacturers kick as Senate mulls duty hike on sugar products
Manufacturers under the aegis of the Manufacturers Association of Nigeria (MAN) have kicked against a proposal to increase excise duty on carbonated sugar-sweetened beverages (SSB) through amendment of extant law. Stakeholders expressed divergent views at a public hearing jointly organised by the Senate Committees on Finance and Customs on the proposed amendment to the Customs and Excise […]
Manufacturing sector tops VAT contribution at 26.6% in H1’25
By Yinka Kolawole The manufacturing sector remained the top-contributing sector to Nigeria’s Value-added Tax (VAT) collections in the first half of 2025 (H1’25), with a contribution of N584.63 billion, representing 26.6 percent of the total local VAT collections of N2.197 trillion within the period, thus reaffirming the sector’s critical role in the country’s economic development. Analysis of the latest data […]
Foreign Direct Investment loses ground despite surge in inflows
Against the backdrop of the declaration by the Federal Government that Nigeria’s economy has turned the corner to stability and recovery, going by some macroeconomic indicators, current trend in foreign investments inflow has indicated that foreign investors are yet to buy into the position.
