Nigeria leads Africa investability gains
•Up four places in Bloomberg’s ranking By Yinka Kolawole Nigeria has emerged as the biggest climber among major African economies in Bloomberg Economics’ 2026 Investment Risk-O-Meter, rising four places to eighth position on the back of improved economic and fiscal fundamentals. The latest scorecard released yesterday, which assesses the relative investability of 19 African economies, […]
Cooking gas price drops 17.4% to N11,875 – Investigation
By Mariam Eko The average price of refilling a 12.5kg cylinder of Liquefied Petroleum Gas, LPG, otherwise known as cooking gas dropped by 17.4 percent on a month-on-month, MoM basis, to N11,875 in August 2025 from N14,375 in July. On a year-on-year, YoY basis, the average retail price declined by 16.7 percent from N14, 261.57 recorded […]
FG makes tax identification mandatory for banking, allied services
Emma Ujah, Abuja Bureau Chief The Federal Government has made Tax Identification, (Tax ID) compulsory for people getting involved in banking and allied services in the country. Consequently, all taxable Nigerians are to obtain a Taxpayer Identification when the new tax Acts come into force in January 2026. The Tax ID is contained in the provisions of […]
Customs collects N3.7 trn in H1
By Emma Ujah, The Nigeria Customs Service (NCS) generated N3.7 trillion in the first half of the year. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, disclosed this at the 62nd meeting of the Customs Board, according to a statement by Director of Information and Public Relations of the Federal Ministry […]
British International Investment, Babban Gona, sign $7.5m deal to boost food security, others
By Peter Egwuatu British International Investment (BII), the UK’s development finance institution and impact investor, have announced a $7.5 million debt investment in Nigerian agri-tech platform, Babban Gona, to boost food security and climate resilience for smallholder farmers in Northern Nigeria. Commenting at the signing ceremony in Lagos, Benson Adenuga, West Africa Regional Director and Head […]
Price hike: No subsidy on CNG, says FG
By Obas Esiedesa, Abuja The Presidential Compressed Natural Gas Initiative, PCNGI, has clarified that the federal government does not provide subsidies on Compressed Natural Gas, CNG, following the recent hike in pump prices by some operators. In a statement yesterday, PCNGI explained that pricing decisions are solely at the discretion of private sector players, while stressing […]
