Business Archives - Page 15 of 23

Tax Revenue in Nigeria Rises 30% to N28.3tn in 2025

February 11, 2026

The Nigerian Revenue Service reported that total tax revenue for 2025 reached N28.3 trillion, 30 percent higher than the N21.7 trillion recorded in 2024, according to official figures. The performance figures were presented in Abuja by Hajiya Amina Kurawa, Executive Director of Government and Large Tax at the NRS, during the agency’s 2025 Leadership Retreat....

NCDMB Issues NCEC Guidance Notes, Rules Out Transfer of Certificate

February 10, 2026

The Nigerian Content Development and Monitoring Board has issued the NCEC Application Guidance Notes, with effect from December 2025, and stated that Nigerian Content Equipment Certificates are not transferable. The guidance notes were published by the board as part of efforts to implement Presidential Directives on Local Content Requirements and to standardise participation in the...

NDPHC and KAEDCO Deepen Partnership to Boost Power Supply in Kaduna

February 10, 2026

Niger Delta Power Holding Company and the Kaduna Electricity Distribution Company have agreed to deepen their partnership to improve power generation and distribution in Kaduna State. The collaboration agreement was reached during a courtesy visit by the leadership of KAEDCO to the headquarters of NDPHC in Abuja. The discussions focused on ways to strengthen electricity...

Nigeria’s Factory Jobs Grow Despite Weak Output Per Worker

February 9, 2026

Data from international agencies show that employment in Nigeria’s manufacturing sector has increased over the past two decades, but productivity measured by value added per worker has declined, according to a Vanguard report. The report published on February 9, 2026, draws on data from the United Nations Industrial Development Organization, the World Bank, and the...

Manufacturers Record N1.8trn Unsold Goods as Demand Slumps

February 9, 2026

Leading manufacturing companies in Nigeria recorded combined inventory levels of about N1.8 trillion in the first nine months of 2025, reflecting increased stock of finished goods and raw materials, Vanguard reported. Data compiled by Financial Vanguard show that inventories among major manufacturers rose by about N200 billion in 9M’25, compared with the same period in...

Sanwo‑Olu Pledges Infrastructure‑Led Growth for Lagos

February 8, 2026

Lagos State Governor Babajide Sanwo‑Olu has reaffirmed his administration’s focus on deepening infrastructure delivery, strengthening institutions, expanding climate‑adaptive investments, and guiding urban growth through planned infrastructure, the governor said at a construction and real estate outlook event. The governor spoke at the 2026 Nigeria Construction and Real Estate Outlook organised by the Royal Institution of...

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Manufacturers Reduce Bank Loans by N1.44tn Amid High Interest Rates

February 8, 2026

Nigerian manufacturers significantly reduced their outstanding bank loans by N1.44tn in the first nine months of 2025, according to data from the Central Bank of Nigeria’s quarterly statistical bulletin. The decline in credit to the manufacturing sector reflects changes in borrowing patterns amid tight monetary conditions and elevated interest rates, as reported by the CBN....

CBN Warns Over Nigeria Fintech Sector’s Heavy Reliance on Foreign Investment

February 8, 2026

The Central Bank of Nigeria has said Nigeria’s financial technology sector remains heavily dependent on foreign investment, according to its 2025 Fintech Policy Insight Report. The apex bank’s comments were published on February 8, 2026, alongside the release of its fintech policy report. The report noted that reliance on external capital exposes Nigeria’s fintech ecosystem...

Dangote Executive Honoured for Role in Advancing Nigeria’s Refining Capacity

February 8, 2026

The Vice President (Oil & Gas) of Dangote Industries Limited, Devakumar Edwin, has been honoured with the Person of the Year award for his contributions to Nigeria’s oil and gas sector and for advancing the Dangote Petroleum Refinery and Petrochemicals. The award was presented at the 9th Annual Award and Lecture of Daily Asset Newspapers in...

Five Online Side Hustles Nigerians Can Try for Extra Income in 2026

February 8, 2026

Nigerians seeking extra income online in 2026 can explore a range of digital side hustles that can be done remotely from a laptop or home office. Side hustles remain a popular way to supplement income alongside a full-time job or small business. For those interested in online opportunities in 2026, several niche hustles tap into...

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Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

July 28, 2026

Former Edo State Governor and Senator Adams Oshiomhole has criticised the 2027 presidential ambition of Nigeria Democratic Congress (NDC) candidate Peter Obi, describing his promise to transform Nigeria within a single four-year term as unrealistic and driven by desperation. Speaking on Obi’s campaign promises, Oshiomhole questioned the former Anambra governor’s political consistency, arguing that his...

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

July 26, 2026

The Socio-Economic Rights and Accountability Project (SERAP) has instituted legal proceedings against the Nigerian National Petroleum Company Limited (NNPCL) over what it describes as the company’s failure to properly explain ₦211 trillion recorded in its 2023 audited financial statements. The lawsuit, filed before the Federal High Court in Abuja, challenges financial entries listed as “Sundry...

Troops Rescue Five Relatives as Search for Abducted Zamfara LG Chairman Intensifies

July 26, 2026

Security forces have intensified efforts to rescue the Zamfara LG chairman, Hon. Nura Umar Abdullahi, after suspected terrorists abducted him during an overnight attack on his residence in Bungudu Local Government Area of Zamfara State. The Joint Task Force (North West), operating under Operation Fansan Yamma, confirmed in a statement issued on Saturday that the...

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Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

Troops Rescue Five Relatives as Search for Abducted Zamfara LG Chairman Intensifies

Kwankwaso Breaks Silence on Peter Obi’s One-Term Promise Ahead of 2027

Latest News

Tax Revenue in Nigeria Rises 30% to N28.3tn in 2025

NCDMB Issues NCEC Guidance Notes, Rules Out Transfer of Certificate

NDPHC and KAEDCO Deepen Partnership to Boost Power Supply in Kaduna

Nigeria’s Factory Jobs Grow Despite Weak Output Per Worker

Manufacturers Record N1.8trn Unsold Goods as Demand Slumps

Sanwo‑Olu Pledges Infrastructure‑Led Growth for Lagos

Manufacturers Reduce Bank Loans by N1.44tn Amid High Interest Rates

CBN Warns Over Nigeria Fintech Sector’s Heavy Reliance on Foreign Investment

Dangote Executive Honoured for Role in Advancing Nigeria’s Refining Capacity

Five Online Side Hustles Nigerians Can Try for Extra Income in 2026

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Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

Troops Rescue Five Relatives as Search for Abducted Zamfara LG Chairman Intensifies

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