We’ve started paying depositors of 46 microfinance banks — NDIC
•Over 700,000 Heritage Bank depositors paid By Cynthia Alo The Nigeria Deposit Insurance Corporation, NDIC, has said that it has commenced payment of depositors of the 46 microfinance banks whose operating licences were revoked by the Central Bank of Nigeria, CBN, in July 2026. The Managing Director and Chief Executive Officer of NDIC, Mr. Thompson Sunday, […]
NELFUND set to crack down on varsities’ unethical practices
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 […]
Economy: No govt can ignore employers — Shettima
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 […]
Neimeth shareholders okay fresh capital to drive expansion
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 […]
Agents fault FG’s Green Tax on imported vehicles, demand suspension
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 […]
Domestic air travel fare rises 20.8% in May
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 […]
Cost of Healthy Diet rises 3% to N1,589/day
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 […]
Agents fault FG’s Green Tax on imported vehicles, demand suspension
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 […]
AfCFTA lifts Nigeria’s intra-African trade by 21% to $9.02bn in 2025
Nigeria recorded a 21 per cent increase in intra-African trade in 2025, with total trade rising to $9.02 billion as the implementation of the African Continental Free Trade Area (AfCFTA) continued to unlock new export opportunities and deepen regional commercial integration, as businesses leveraged preferential market access and lower trade barriers. The latest African Trade Report […]
SMEDAN unveils N500m zero-interest fund for MSMEs
By Yinka Kolawole The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has unveiled Grow Fund for Small Businesses in Nigeria, a N500 million zero-interest fund for Micro, Small and Medium Enterprises (MSMEs) in the country. SMEDAN Director-General, Charles Odii, announced the initiative, in Abuja, as part of activities to mark the 2026 World MSME […]
FG unveils 2026 push for industrial growth, trade, investment
The Federal Government is set to intensify efforts to drive industrial growth, expand trade, mobilise investment and boost non-oil exports in 2026 as part of its economic diversification agenda. Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, stated this at a management retreat for directors-general, directors and chief executives of agencies under the ministry. She […]
