Business Archives - Page 6 of 26

VAT and CIT Revenue Drops to N3.79 Trillion Despite Strong VAT Growth in Q1 2026

June 16, 2026

Nigeria’s VAT and CIT revenue fell to N3.79 trillion in the first quarter of 2026, reflecting a year-on-year decline of 6.2 percent despite a significant rise in Value Added Tax collections during the period. The figures were disclosed by the National Bureau of Statistics in its latest report on Value Added Tax (VAT) and Company...

IMF Economic Prescriptions Spark Debate Among Nigerian Experts

June 13, 2026

The latest IMF economic prescriptions for Nigeria have generated mixed reactions among economists and financial experts, with many disagreeing on recommendations relating to taxation, monetary policy, and economic management. However, several analysts endorsed the International Monetary Fund’s concerns over the Federal Government’s proposed $5 billion loan arrangement with First Abu Dhabi Bank of the United...

Cardoso Wins Central Bank of the Year Award in London

June 12, 2026

Cardoso Wins Central Bank recognition after the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, received the Central Bank of the Year Award at the Central Banking Awards ceremony held recently in London. The award acknowledges the institution’s reform efforts and contributions toward strengthening economic stability in Nigeria. The Central Banking Awards...

Textile Imports Rise 17% to N267.7bn Despite Revival Push

June 12, 2026

The value of textile products imported into Nigeria increased significantly in the first quarter of 2026, as Textile Imports Rise by 17 per cent year-on-year to N267.7 billion. The latest figures highlight the country’s continued dependence on imported textile materials despite ongoing efforts to revive domestic manufacturing. Nigeria’s textile industry was once a major contributor...

Lekki Port Expansion Set for Phase 2, Lagos Government Says

June 12, 2026

The Lagos State Government has announced that Lekki Port Expansion will soon enter its second phase, as authorities move to increase cargo-handling capacity and strengthen the state’s position as a leading maritime and logistics hub in West Africa. Governor Babajide Sanwo-Olu disclosed the development during the Invest Lagos Summit 3.0 held in Lagos earlier this...

Imported vegetable oil brands flood Nigerian market despite ban, producers raise alarm

June 1, 2026

More than 100 imported vegetable oil brands are still dominating Nigeria’s market despite the Federal Government’s prohibition on the products, according to the Vegetable and Edible Oil Producers Association of Nigeria (VEOPAN). The association’s National Chairman, Chief Okey Ikoro, said the continued influx of imported vegetable oil has undermined local investments and weakened confidence among...

FRSC commends Dangote Cement over new transport safety policy for truck operations

June 1, 2026

The Federal Road Safety Corps (FRSC) has commended Dangote Cement Plc for introducing a new transport safety policy aimed at improving operational standards and reducing road crashes involving heavy-duty vehicles. The transport safety policy was unveiled as part of the company’s broader commitment to safer logistics operations across Nigeria. FRSC officials described the initiative as...

CBN Extends PoS Geo-Fencing Deadline to July 31 for Operators

June 1, 2026

The Central Bank of Nigeria, CBN, has extended the PoS geo-fencing deadline to July 31, providing banks, fintech firms, payment service providers and other stakeholders in the electronic payments ecosystem additional time to comply with the regulatory framework governing Point of Sale terminals. The extension was announced in a circular issued by the Director of...

Soybean imports rise as India turns to Nigeria, African suppliers

May 29, 2026

India has intensified efforts to expand soybean imports from Nigeria and other African countries as it seeks to strengthen supply and meet growing domestic demand. The development reflects increasing global competition for agricultural commodities amid changing trade patterns and production pressures. Industry stakeholders said Nigeria’s agricultural potential could position the country as an important supplier...

Capital market integration critical to monetary policy, NGX Group says

May 29, 2026

The Nigerian Exchange Group has called for stronger capital market integration into Nigeria’s monetary policy framework to improve investment growth and economic stability. The group said deeper coordination between monetary authorities and the capital market could strengthen liquidity management and long-term financing. Officials also noted that the financial market plays a critical role in supporting...

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MEDIA STATEMENT: NNAJI’S DEFENCE CALLS FOR ACCURATE REPORTING OF COURT PROCEEDINGS

October 26, 2026

The media report published today under the headline “UNN, NYSC disowned ex-minister Nnaji’s certificates, witness tells court” does not give readers a complete or balanced account of what transpired before the Federal High Court. Its headline presents the prosecution’s allegations as though they were established facts, even though the trial is ongoing and no judgment...

G27 QUESTIONS MBAH’S 2023, 2027 INEC CREDENTIALS, DEFENDS NNAJI

October 13, 2026

By Chief James Ogbodo The G27 for Uche Nnaji support group has questioned Governor Peter Mbah’s decision to submit a Senior School Certificate Examination (WAEC) certificate as his highest educational qualification to the Independent National Electoral Commission (INEC) ahead of the 2027 governorship election. The group made its position known in a statement signed by...

ENUGU 2027: WHY UCHE NNAJI’S PATH TO LION BUILDING IS WIDER THAN MANY THINK

October 7, 2026

By Ureh Ogbonna As the 2027 governorship election approaches, one political reality is becoming increasingly difficult to ignore: Chief Uche Geoffrey Nnaji—Nwakaibie—has a credible path to victory in Enugu State. Elections are never won in advance. But judged by his platform, experience, message and emerging political coalition, Nnaji is far more than an ordinary opposition...

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MEDIA STATEMENT: NNAJI’S DEFENCE CALLS FOR ACCURATE REPORTING OF COURT PROCEEDINGS

G27 QUESTIONS MBAH’S 2023, 2027 INEC CREDENTIALS, DEFENDS NNAJI

ENUGU 2027: WHY UCHE NNAJI’S PATH TO LION BUILDING IS WIDER THAN MANY THINK

GTCO Posts N603bn Profit, Proposes N1 Dividend

Latest News

VAT and CIT Revenue Drops to N3.79 Trillion Despite Strong VAT Growth in Q1 2026

IMF Economic Prescriptions Spark Debate Among Nigerian Experts

Cardoso Wins Central Bank of the Year Award in London

Textile Imports Rise 17% to N267.7bn Despite Revival Push

Lekki Port Expansion Set for Phase 2, Lagos Government Says

Imported vegetable oil brands flood Nigerian market despite ban, producers raise alarm

FRSC commends Dangote Cement over new transport safety policy for truck operations

CBN Extends PoS Geo-Fencing Deadline to July 31 for Operators

Soybean imports rise as India turns to Nigeria, African suppliers

Capital market integration critical to monetary policy, NGX Group says

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Popular Posts

MEDIA STATEMENT: NNAJI’S DEFENCE CALLS FOR ACCURATE REPORTING OF COURT PROCEEDINGS

G27 QUESTIONS MBAH’S 2023, 2027 INEC CREDENTIALS, DEFENDS NNAJI

ENUGU 2027: WHY UCHE NNAJI’S PATH TO LION BUILDING IS WIDER THAN MANY THINK

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