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Economy

Why Nigeria targets 7% annual GDP growth — Edun

The Minister of Finance and Coordinating Minister of the Economy, Mr Olawale Edun, has said the nation is targeting an annual seven per cent growth in its Gross Domestic Product, GDP, so as to take as many Nigerians as possible out of poverty. He noted that since the economy of the country has stabilised after […]

LIRS sets January 31st deadline for filing tax returns
featured Finance

LIRS extends individual tax filing deadline to April 14

The Lagos State Internal Revenue Service has extended the deadline for filing individual annual income tax returns for the 2025 year of assessment by two weeks. Taxpayers now have until April 14, 2026, to submit their returns instead of the original statutory deadline of March 31, 2026. LIRS Executive Chairman, Dr Ayodele Subair, announced the […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
featured Finance

Naira holds steady against dollar as Q1 ends amid reserve pressures

The Naira maintained a steady performance against the United States Dollar in the official market as the first quarter of 2026 drew to a close, despite emerging pressures on the country’s external reserves. At the Nigerian Foreign Exchange Market, the Naira opened the trading session on Tuesday, March 31, 2026, at ₦1,385.60 per Dollar. Real-time […]

News

Tinubu appoints Ibrahim Ida as CAC chairman

President Bola Ahmed Tinubu has appointed Dr. Ibrahim M. Ida as Chairman of the Corporate Affairs Commission and nominated seven individuals to serve as commissioners of the National Population Commission. This was disclosed in a statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, on Monday. The statement also noted […]

Business

FG unveils report to boost MSME access to $3.5tn AfCFTA market

The Federal Government of Nigeria has unveiled a report titled “Cross-Border Digital Payments and Identity in Nigeria under the AfCFTA”, designed to help Micro, Small, and Medium Enterprises tap into the $3.5 trillion African Continental Free Trade Area market. According to a statement by Stanley Nkwocha, Senior Special Assistant to the President on Media & […]

Business

12 tonnes of KitKat chocolates stolen in Italy 

Thieves have stolen more than 400,000 KitKat chocolate bars, weighing about 12 tonnes, from a truck in Europe. The chocolates, produced by Swiss company Nestlé, were taken while the vehicle was transporting them along a route from a factory in central Italy to Poland, according to a statement from KitKat. “The vehicle and its contents […]

Business

Mutual Benefits pays ₦4.2bn insurance claims in February 2026

Mutual Benefits Assurance Plc, a leading player in Nigeria’s insurance industry, has paid a total of N4.2 billion in claims to policyholders in February 2026, reaffirming its commitment to delivering on its promises and supporting customers in times of need. The payout reflects the company’s continued focus on claims settlement as a core pillar of […]

Transportation

Suzuki announces slash in vehicle prices nationwide

Suzuki has announced a nationwide price reduction across its vehicle lineup, reinforcing its commitment to delivering value and fuel-efficient mobility to Nigerian drivers. The limited-time offer applies to all Suzuki models, with customers able to enjoy enhanced affordability without compromising on performance, reliability and efficiency. As part of the campaign, Suzuki is also offering one […]

Oil and Gas

Nigeria’s oil, gas investment tripled in Nigeria 2025 — NBS

Nigeria’s oil and gas sector recorded a significant boost in investor interest last year as capital inflows jumped sharply. According to the latest capital importation report released by the National Bureau of Statistics, Nigeria’s oil and gas industry attracted $17.98 million in capital inflows in 2025, a sharp increase from the $5.12 million recorded in […]

featured Food

Fuel price surge hikes food costs in Lagos markets — Report

Food prices across major Lagos markets surged in March 2026 as rising petrol costs drove up transportation and logistics expenses, triggering widespread increases in staple commodities. This is according to a Nairametrics Research physical market survey tracking 68 food items across Mushin, Daleko, Mile 12, and Oyingbo markets. The data shows a sharp reversal from […]