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Nigeria secures $155m clean energy investments

  • 26th July 2026

NGX sheds 0.19% as Presco, banks drag index

  • 25th July 2026

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  • 25th July 2026

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  • 24th July 2026

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Manufacturing tax revenue decline signals trouble, AERE warns

The Alliance for Economic Research and Ethics has warned that the decline in manufacturing tax revenue in the first quarter of 2026 reflects weakening industrial activity, urging the Federal Government and the Central Bank of Nigeria to implement far-reaching reforms to revive the productive sector. In a policy brief, the Chairman of AERE, Dele Oye, […]

Policy and Regulations

Reps to probe PFIPC’s ₦1.32bn budget today

The Speaker of the House of Representatives, Tajudeen Abbas, will today inaugurate an ad hoc committee to investigate the controversial inclusion of the unestablished Presidential Foreign Investment Promotion Council in the 2026 Appropriation Act. This comes amid fresh criticism over the exclusion of the President’s Chief of Staff, Femi Gbajabiamila, from the list of invited […]

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Experts expect CBN to hold MPC rate at 26.5%

Organised Private Sector leaders and economists have projected that the Central Bank of Nigeria’s Monetary Policy Committee will most likely retain the Monetary Policy Rate at 26.5 per cent when it meets on Monday and Tuesday, citing heightened geopolitical tensions and their potential impact on inflation. The stakeholders noted that Nigerian businesses would welcome a […]

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States’ VAT allocation rises to ₦2.37tn in H1 2026

State governments received N2.37tn from Value Added Tax revenue generated in the first half of 2026, representing an increase of N451.25bn compared with the corresponding period of 2025, an analysis by The PUNCH has shown. The figure indicates that states’ VAT allocation rose by 23.48 per cent from N1.92tn in the first six months of […]

Business

NACCIMA signs MoU with Chinese trade partners

The Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture has signed a tripartite Memorandum of Understanding with China’s Linyi Wholesalers Federation and TTC Hydra Limited to strengthen bilateral trade and attract new Chinese investments into Nigeria’s manufacturing and infrastructure sectors. Vanguard reported that the agreement was signed at the NACCIMA Infrastructure Conference (INFRACON […]

Oil and Gas

ECOWAS leaders sign Nigeria-Morocco gas pipeline agreement

West African leaders on Sunday signed an agreement approving the construction of a gas pipeline linking Nigeria to Morocco at a summit of regional bloc ECOWAS in Sierra Leone’s capital, Freetown. The roughly 6,000-kilometre (3,700-mile) Nigeria-Morocco Gas Pipeline will cross 13 countries along Africa’s Atlantic coast, carrying Nigerian gas to Morocco before connecting to the […]

Business

FG opens applications for iDICE accelerator offering $350,000 funding

The Federal Government, through the Investment in Digital and Creative Enterprises Programme, implemented by the Bank of Industry, has opened applications for the iDICE Startup Bridge Growth Lab, a 12-week accelerator programme offering up to $350,000 in funding to 12 promising Nigerian tech startups. According to a statement issued by the programme organisers on Sunday, […]

Business

NRS sets July 31 deadline for large firms to adopt e-Invoicing

The Nigeria Revenue Service has directed all large taxpayers to fully adopt the national e-invoicing and Electronic Fiscal System by July 31, warning that non-compliant companies could face regulatory and enforcement actions under existing tax laws. The directive was disclosed in a statement issued on Sunday by Dare Adekanmbi, Special Adviser on Media to the […]

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Enugu approves new roads, housing, tourism projects

Enugu State Government has approved a fresh round of infrastructural projects covering roads, tourism, housing and administrative facilities across the state. Vanguard reported that the approvals were given during the State Executive Council meeting held at the weekend. Briefing Government House correspondents on the outcome of the meeting were the Commissioner for Information and Communication, […]

Business

Christopher Nolan’s ‘The Odyssey’ takes $124.5m in opening weekend

Christopher Nolan’s The Odyssey has made a powerful debut at the box office. The Universal film adaptation earned an estimated $124.5 million during its opening weekend, driven by strong audience demand for premium large-format screenings, particularly IMAX showings. “Death, taxes, and Christopher Nolan,” said Shawn Robbins, director of analytics at Fandango and founder of Box […]

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