Economy
Polaris Bank Reaffirms Commitment to Non-Oil Exports, MSMEs at NAHCO–NACCIMA Programme
Polaris Bank has reaffirmed its strategic commitment to strengthening Nigeria’s non-oil export ecosystem and empowering micro, small and medium-sized enterprises...
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Lagos Contributes Over Half of Nigeria’s Local VAT in 2025
Analysis of Federal Account Allocation Committee (FAAC) documents shows that Lagos State accounted for N3.4 trillion of the N6.5 trillion...
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FAAC to Distribute N1.969 Trillion After Resolving Deadlock
The Federation Account Allocation Committee (FAAC) is set to reconvene Monday, February 2, 2026, to distribute N1.969 trillion following the...
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Nigeria’s Money Market Faces Sustained Liquidity Pressure Amid CBN Tightening
Nigeria’s money market remained under sustained pressure in January 2026, as the Central Bank of Nigeria (CBN) continued its aggressive...
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Nigeria Governors’ Forum Prioritises Sugar to Boost Industrial Development
The Nigeria Governors’ Forum (NGF) has agreed to make sugar a priority product to accelerate industrial growth across states, following...
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FG Boosts Local Content in Renewable Energy to Reduce Imports and Create Jobs
The Federal Government has launched initiatives to strengthen local content in Nigeria’s renewable energy sector, aiming to reduce dependence on...
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FG Set to Save N5.06 Trillion Annually as Defence Equipment Production Goes Local
The Federal Government of Nigeria is projected to save about N5.06 trillion annually by reducing reliance on imported defence equipment,...
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FG Domestic Borrowing Surges in 2025, Crowds Out Private Sector Credit
The Federal Government’s domestic borrowing from financial market operators rose sharply in 2025 despite persistently high interest rates, widening the...
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Nigerian Tax Law Exempts Schools, hospitals, pharma firms, and food producers From Company Income Tax
The Nigerian Tax Administration Act, 2025, has clarified that several critical sectors of the economy remain exempt from Company Income...
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Naira Holds Firm Near ₦1,390/$ as January Trading Ends on a Strong Note
The Nigerian Naira maintained its strong performance against the United States Dollar as it entered the final trading session of...
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