W/Bank mobilises $5.79bn private capital for Nigeria
By Emma Ujah, Abuja Bureau Chief The World Bank Group has said it is helping to mobilise $5.79 billion in private capital for investment in Nigeria’s agriculture, telecommunications and micro, small and medium enterprises (MSMEs), in a major push to expand private-sector participation in the economy. The financing drive is being supported by policy reforms, […]
Tinubu directs PenCom to implement pension increases
By Rosemary Iwunze As fallout of the series of protests in the various parts of the country including Abuja, staged by pensioners under the Contributory Pension Scheme, CPS, President Bola Tinubu has directed the National Pension Commission, PenCom, to implement pension increases and a minimum pension guarantee. He also mandated PenCom to expedite rollout of the […]
FG approves tax incentives for manufacturers using local raw materials
•Nigeria’s manufacturers import 70% of their input By Yinka Kolawole In a bid to curb the high import of raw materials and other manufacturing inputs into Nigeria, the Federal Government (FG) is set to introduce tax incentives for Nigerian manufacturers that use locally sourced materials. Disclosing this yesterday at the 2025 Nigeria Manufacturing & Equipment and Nigerian […]
Sterling Bank announces first beneficiaries of ₦2bn ‘Beyond Education’ fund
Sterling Bank, Nigeria’s leading financial institution, has announced the first recipients of its ₦2 billion Beyond Education Scholarship, a groundbreaking nationwide initiative designed to fund university education for 600 exceptional young Nigerians and connect them to future careers in high-impact sectors.
Vitapur, Vitafoam’s subsidiary, donates prefabricated building to Unilag
By Peter Egwuatu In a move aligned with its Corporate Social Responsibility (CSR) towards the education sector, Vitapur Nigeria Limited, a subsidiary of Vitafoam Nigeria Plc, has donated a prefabricated insulated building to the University of Lagos (UNILAG) to support manpower development and provide a conducive environment for learning and training. During the handover ceremony […]
Nigeria’s capital importation rises 67% to $5.64bn in Q1
By Babajide Komolafe Capital Importation (foreign investment) into the country rose 67.12 per cent, year-on-year, YoY to $5.642 billion in the first quarter of the year, Q1’25 from $3.376 billion in the corresponding period in 2024, Q1’24. Similarly, Capital importation increased quarter-on-quarter by 10.86% from $5.09.16 billion in the preceding quarter, Q4 2024. The National Bureau of […]
