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African family businesses outperform global peers in growth

  • 25th June 2026

Poor transparency validation could scare off investors, NEITI

  • 25th June 2026

African cocoa farmers demand $6000/tonne floor price

  • 25th June 2026

Reps expand probe of airport, seaport concessions

  • 25th June 2026

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Policy and Regulations

NRS warns tax leakages threaten ₦40tn revenue target

The Nigeria Revenue Service has warned that persistent tax leakages, delayed remittances and weak compliance by some government institutions and sub-national entities could threaten its target of generating about N40tn in revenue for the federation in 2026. Nairametrics reported that the agency raised the concern on Tuesday at the National Workshop on Strengthening Tax Compliance […]

CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
Finance

CBN offers ₦650bn treasury bills auction on Wednesday

The Central Bank of Nigeria is offering N650 billion for auction at the Nigerian Treasury Bills auction scheduled for Wednesday, May 20, 2026, marking the second issuance for the month in line with the Federal Government’s second-quarter borrowing calendar. The planned auction was disclosed in an official tender notice issued by the apex bank on […]

featured Travel

Togo scraps visa requirements for all African passport holders

The government of Togo has announced the elimination of entry visa requirements for all African citizens holding valid national passports, in a move aimed at deepening continental integration and easing movement across Africa. Nairametrics reported that the decision was announced on Monday, May 18, 2026, through an official communiqué issued by the country’s Ministry of […]

Business

FG moves to revive cotton textile industry, create 1.5 million jobs

The Federal Government has intensified efforts to revive Nigeria’s Cotton, Textile and Garment, industry, following a 95 per cent decline in the country’s cotton production from about 200,000 metric tonnes in 2001 to roughly 10,000 metric tonnes in 2025. According to Vanguard, the minister of State for Industry, Senator John Enoh, disclosed this at the […]

featured Finance

Naira depreciates slightly against dollar at official, parallel FX markets

The naira recorded a slight depreciation against the United States dollar across both the official Nigerian Foreign Exchange Market and the parallel market on Tuesday, May 19, 2026, amid continued demand pressures in the foreign exchange market. Data published by the Central Bank of Nigeria showed that the naira traded at about ₦1,373.5 per dollar […]

Finance

Nigeria’s diaspora remittances stabilise at $21.8bn in 2025

Diaspora remittances into Nigeria stabilised at $21.8 billion in 2025 despite mounting global economic pressures, tighter immigration policies in major economies and rising transfer costs across Sub-Saharan Africa. Vanguard reported that according to data from the Central Bank of Nigeria Quarterly Statistical Bulletin for fourth quarter 2025 showed that remittance inflows stood at $21.806 billion […]

Sugar price hits N835,400 per tonne
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Sugar industry can create one million jobs, curb insecurity — NSDC

The Executive Secretary/CEO of the National Sugar Development Council, Mr. Kamar Bakrin, has said that developing Nigeria’s sugar industry could significantly address unemployment, insecurity and rural community underdevelopment by creating massive jobs and attracting investments to rural communities. Bakrin stated this during a strategic meeting between the NSDC and the Nigeria Customs Service at the […]

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West, Central Africa commit $27bn to port projects for trade growth

Nigerian and other countries in West and Central Africa have committed over $27 billion to port infrastructure expansion projects aimed at strengthening regional trade integration, improving maritime logistics and driving economic growth across the sub-region. Vanguard reported that the Managing Director of the Nigerian Ports Authority, Dr. Abubakar Dantsoho, disclosed this on Monday during the […]

Pension funds climb by 22% to N18tn - NAICOM
Business

NAICOM tasks insurers on shift to customer-centric insurance model

The National Insurance Commission has called on insurers to transition from a product-centric approach to a customer-centric model. Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, made this call at the opening ceremony of the Insurance Week 2026, according to Vanguard. He explained that the customer-centric model entails actively involving clients in the product development process, […]

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FG commissions new veterinary centres in Lagos, Ogun

The Federal Government has completed and handed over new Veterinary Primary Health Centres in Lagos and Ogun states as part of efforts to improve livestock healthcare delivery. The centres are located in the Epe area of Lagos State and Ijebu Igbo in Ogun State. These centres form part of the Federal Ministry of Livestock Development’s […]

Electricity

Lagos may scrap electricity band classification – Energy commissioner

The Lagos State Commissioner for Energy and Mineral Resources, Biodun Ogunleye, says the state government is considering scrapping the current classification of electricity consumers into bands. Ogunleye made this disclosure on Monday at an inter-ministerial briefing showcasing the achievements ofb Governor Babajide Sanwo-Olu’s administration in the energy sector over the past year. During the briefing, […]

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