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News
Finance Minister, tax Ombud seek partnership with professional bodies on tax system
3+ hour, 18+ min ago (620+ words) The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, and the Chief Executive/Tax Ombud of the Federal Republic of Nigeria, Dr. John Nwabueze, have called for stronger collaboration with professional bodies to rebuild public confidence…...
Parallel market trap: Why hoarding dollars in July is massive gamble
1+ day, 10+ hour ago (475+ words) For many Nigerians, buying and holding United States dollars has long been seen as a way to protect wealth whenever the naira comes under pressure. It is common for some individuals and traders to stockpile dollars in anticipation of further…...
Why 79 per cent of Nigerians remain poor despite reforms, palliatives
3+ day, 17+ hour ago (236+ words) A herd of economic and finance experts have given reasons why inspite of successive governments’ promises that subsidy removals, tax overhauls, and cash transfers would lift millions out of poverty, 79 per cent of Nigerians remain poor or vulnerable as a…...
Drop in inflation rate not same as falling prices, relief for households —Experts
6+ day, 19+ hour ago (527+ words) ECONOMIC experts have cautioned Nigerians against interpreting the recent moderation in the country’s headline inflation rate as evidence that prices of goods and services are falling, stressing that millions of households are yet to experience meaningful relief from the high…...
Despite diesel costs decline, in 2025, manufacturers spent N1.35trn on alternative energy
1+ week, 16+ hour ago (735+ words) Grappled with operational cost increases of over 40%, in H1, 2026 Past few years have tested businesses, households — LCCI DESPITE a decline in diesel costs, following improvements in domestic refining capacity, Nigeria’s manufacturers still spent a whopping N1.35 Trillion on alternative energy in 2025, reporting…...
FG seeks stronger state role in unlocking Nigeria's critical minerals
1+ week, 5+ day ago (724+ words) The call was made by the Director-General of the Nigeria Mining Cadastre Office (NMCO), Engr. Obadiah Simon Nkom, during the Trade Commissioners Summit 2.0 held in Abuja. Represented by the agency’s Director of Mining and Cadastre, Barr. Yakubu Yahuza Muri, the…...
H1 2026: High interest rates, credit crunch remain disincentives to private-sector investment
2+ week, 3+ day ago (673+ words) High interest rates, access to credit, insecurity and other challenges continued to constrain private-sector investments, as individuals and businesses completed the first half of the year. For instance, a report released by the Manufacturers Association of Nigeria (MAN) put manufacturers…...
Nigeria has moved from economic decline to stability, accelerating inclusive growth — Finance minister
3+ week, 19+ hour ago (288+ words) Nigeria has moved from a period of economic decline and instability to one of growing stability, with the government now focused on accelerating inclusive growth and delivering tangible benefits to citizens and businesses, the Minister of Finance and Coordinating Minister…...
Onitsha market expansion: What to know about sourcing warehouses near the second Niger bridge corridor
3+ week, 3+ day ago (322+ words) Onitsha remains one of Nigeria’s biggest commercial centres, attracting thousands of traders and importers every day. However, increasing congestion around the city’s major markets has made it difficult for businesses to store and move goods efficiently. As commercial activities continue…...
When the cost of living becomes life-threatening
2+ mon, 1+ week ago (215+ words) THE recent hike in the prices of commodities has caused a great deal of untold hardship for many Nigerians today. Those who can no longer cope with the high cost of living now battle depression, with some even contemplating suicide....