Business

Manufactured goods imports surge 17% to N18trn in H1’26

By Yinka Kolawole Nigeria’s manufactured goods imports surged Year-on-Year, YoY, by 16.9 per cent to N18 trillion in the first half of 2026 (H1’26), deepening concerns over rising import dependence and the growing pressure on local manufacturers. Latest Foreign Trade Statistics released by the National Bureau of Statistics (NBS) showed that manufactured imports rose from […]
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Nothing can quell my passion for vocational skills— Bawo, Microbiologist turned entrepreneur

In 2005 when she suffered a first-degree burn in her booming bakery and was grounded for two years, nobody imagined Bawo Onabanjo would ever step a toe in a bakery as her hands were practically rendered useless. Today, the Microbiologist turned Event Management Consultant isn’t only back to her first love but also teaching others every single skill she is adept at. Bawo who is married to Dr. Stephen Olumuyiwa Onabanjo, a medical practitioner and pastor, speaks on her forthcoming training holding in Lagos from 22nd through 27th of February, 2016, in this interview, and much more.

SWF: NSIA, IFC collaborate to boost investment in health sector

THE Nigerian Sovereign Investment Authority (NSIA) managers of Nigeria’s Sovereign Wealth Fund has entered into collaboration International Finance Corporation (IFC) in order to boost investment in the healthcare sector especially to develop private healthcare.

NASME laments inability to access N220bn intervention fund

Nigerian Association of Small and Medium Enterprises (NASME) has lamented inability of the micro, small and medium enterprises, MSME sectors to access the Central Bank of Nigeria’s N220 billion intervention funds, saying the bulk of the money is still in the apex bank’s vault.

Dangote says Currency situation tight

Dangote Group, Nigeria’s largest company, is struggling with a constricted supply of foreign-exchange in the country and is relying on its international cement operations and export-credit agencies to get around the shortage, reports BloombergBusiness.

Stamp duty, Nigeria’s new goldmine — NIPOST

The Nigerian Postal Service (NIPOST) said yesterday that implementation of the stamp duty policy would become a huge revenue base for the country. On January 19, the Federal Government announced that a stamp duty of N50 would be imposed on bank customers for money received into their accounts via electronic transfers, cash and cheque.

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