Economy
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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FG Approves Purchase of Two Communication Satellites to Boost Nigeria’s Digital Economy
The Federal Government of Nigeria has approved the purchase of two new communication satellites to strengthen the country’s digital infrastructure...
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PenCom Approves 1,173% Pension Increase for 2,116 NSITF Retirees
The National Pension Commission (PenCom) has approved a massive upward review of pensions for 2,116 retirees under the Nigeria Social...
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SMEDAN Gets Presidential Approval to Register 250,000 Businesses Free of Charge
The Small and Medium Enterprise Development Agency (SMEDAN) has secured presidential approval to register 250,000 businesses for free in collaboration...
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NCX Workers Urge Tinubu to Intervene as Exchange Faces Imminent Collapse
Workers of the Nigeria Commodity Exchange (NCX) have appealed to President Bola Ahmed Tinubu to urgently intervene and rescue the...
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Nigeria’s Currency in Circulation Hits Record ₦5.7 Trillion in December 2025 — CBN
The Central Bank of Nigeria (CBN) has disclosed that the country’s currency in circulation rose to ₦5.7 trillion as of...
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LCCI Raises Alarm Over Second National Grid Collapse in Five Days, Calls for Urgent Reforms
The Lagos Chamber of Commerce and Industry (LCCI) has expressed serious concern over the second national grid collapse in just...
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