…VAT rises 45.6% to N1.17trn; CIT up 32.8% to N881.3bn By Yinka Kolawole The manufacturing sector’s contribution to tax revenue collections in Nigeria maintained an upward trend in 2025, contributing a total of N1.17 trillion in Value Added Tax (VAT) representing an increase of 45.61 percent over the N803.53 billion recorded in 2024 while the sector’s Company […]

By Obas Esiedesa The Federal Government has inaugurated a Gas-to-Power Monitoring Committee to address persistent gas supply challenges affecting electricity generation in the country. Speaking at the inauguration in Abuja, the Minister of Power, Chief Adebayo Adelabu, described the initiative as a decisive step towards resolving one of the most critical constraints in the Nigerian Electricity […]

World Bank has warned that the rising amount of money the Federal Government is spending to service debt is reducing its ability to fund critical infrastructure

By Peter Egwuatu   The Nigerian stock market extended its bullish momentum, Week-on-Week, WoW, at the close of trading last week , as sustained institutional demand for large-cap and fundamentally resilient stocks continued to drive the Nigerian Exchange Limited, NGX benchmark Index, All Share Index, ASI, and market capitalisation  higher. Specifically, investors garnered N1.359 trillion from their […]

By Babajide Komolafe United Bank for Africa (UBA) Plc has reinforced its commitment towards tackling youth unemployment across the continent with the successful employment of over 700 young professionals under its Graduate Management Acceleration Programme (GMAP). Since inception, the bank’s GMAP initiative has empowered more than 5,000 young graduates across Africa, providing them with world-class training, […]

The Minister of State for Industry, Senator John Owan Enoh, has tasked the management of the Dangote Group of Companies on the need to expand the annual production capacity of its subsidiary, the Dangote Sugar Refinery (DSR), to 600,000 metric tonnes by the year 2030.    The Minister, accompanied by the Executive Secretary of the National Sugar […]

By Peter Egwuatu Energia Limited has announced the appointment of Oladimeji Bashorun as its Chief Executive Officer (CEO), following the vacancy created by the exit of Mr. Chidi Egonu. Bashorun, who previously served as the company’s Chief Operating Officer (COO), steps into the role following years of providing strategic and operational leadership within the organisation. […]

By Jeremiah Urowayino Trade experts and thought leaders from across the African continent have said Africa has a role in shaping the World Trade Organisation, WTO, reform, noting that the world is at a critical juncture for the multilateral trading system. They said this while launching the Africa Trade Policy Working Group, ATP Working Group, […]

By Elizabeth Adegbesan Consumers have expressed pessimism on the macroeconomy, first time since November 2025, as their overall sentiment stood at -10.3 index points in March compared to 0.8 index point in February. The Central Bank of Nigeria (CBN) disclosed this yesterday in its March 2026 Household Expectation Survey Report. “The Overall Consumer Sentiments in March […]

By Cynthia Alo Wema Bank has declared that it would sustain its impressive financial performance and business growth momentum in the coming years on the heels of its 2025 financial results. Commenting on the remarkable performance, the bank’s Managing Director/Chief Executive Officer, Moruf Oseni, also said the bank would continue to deliver superior value to all […]