FG cuts interest on late tax payments
…New rate takes effect October 1…Applies to FG, states, FCT tax authorities By Emma Ujah, Abuja Bureau Chief ABUJA — The Federal Government has reduced the interest rate payable by taxpayers for late settlement of their tax liabilities, with the new regime taking effect from October 1, 2026. Under the new arrangement, interest on tax […]
Nigeria-China trade hits $18bn in H1’26
Nigeria’s aquatic products have secured zero-tariff access to China’s market of about 1.4 billion consumers under a new protocol, as bilateral trade between both countries reaches $18 billion in the first half of 2026 (H1’26). The development is expected to boost Nigerian exports and foreign exchange earnings, with Chinese Ambassador to Nigeria, Yu Dunhai, disclosing that […]
Manufacturers groan as rising credit, production costs threaten recovery
“The exchange rate, the tax reform has given hope that we are now going to have a tax system that supports productivity and incentivizes it”
India-Nigeria trade hits $9bn as firms deepen local production
The expanding corporate presence also signals a shift from an export-driven relationship towards local production. Indian companies are increasingly establishing manufacturing
emPLE meets NAICOM recapitalisation requirement, bolstering capital position, customer confidence
By Rosemary Iwunze emPLE Nigeria has strengthened its capital position following the publication of her name on the list of approved companies on the official website of the National Insurance Commission (NAICOM), indicating that the company has met the applicable recapitalisation requirements, thereby reinforcing its financial strength and capacity to deliver sustainable value to customers […]
Manufacturers groan as rising credit, production costs threaten recovery
By Yinka Kolawole Nigeria have warned that the high cost of credit and rising production expenses remain major threats to the recovery of the manufacturing sector, despite a renewed improvement in manufacturers’ confidence in the economy. This was revealed by the Manufacturers Association of Nigeria (MAN) in its Manufacturers’ CEOs Confidence Index (MCCI) for the […]
