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 […]
NAFDAC raises alarm over local production of fake products
The National Agency for Food and Drug Administration and Control, NAFDAC, has raised the alarm over the activities of alleged Chinese counterfeit syndicates that have shifted from importing fake products into Nigeria to establishing local manufacturing and distribution networks. The agency’s Director of Investigation and Enforcement, Martins Iluyomade, disclosed this while speaking on recent intelligence […]
Nwifuru reinstates two traditional rulers, receives interim report
By Jeff Agbodo, Abakaliki ABAKALIKI — Ebonyi State Governor, Francis Nwifuru, has reinstated the traditional rulers of Ndukwe and Amasiri communities who were dethroned following the communal crisis between Amasiri in Afikpo North Local Government Area and Oso-Edda in Edda Local Government Area of the state. Nwifuru announced the reinstatement while receiving the interim report […]
FG, Austria plan Vienna-listed bond to fund investors in Nigeria
The Federal Government is working with Austrian authorities and the Vienna Stock Exchange to establish a bond vehicle to raise capital for foreign companies investing in projects in Nigeria. Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this while addressing the GPF Global Vienna meeting in Vienna, Austria, on Tuesday via a video message […]
Reps probe N432bn oil revenue debt
By Gift ChapiOdekina, Abuja ABUJA — The House of Representatives Public Accounts Committee, PAC, has commenced an investigation into outstanding debts owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, by the Nigerian National Petroleum Company Limited, NNPCL, and oil companies, with the liabilities put at N432.07 billion. The investigation followed findings contained […]
FG moves to end ‘make-believe’ accreditation in tertiary institutions
…Plans digital tracking of lecturers, equipment, facilities By Joseph Erunke, Abuja ABUJA — The Federal Government has moved to overhaul the accreditation system for Nigerian universities, polytechnics and colleges of education, warning institutions against presenting a false or temporary picture of their academic and infrastructural capacity during accreditation exercises. The Minister of Education, Dr Tunji […]
