Tag: #EconomicGrowth
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NIGERIA STOCK MARKET GOES LIVE WITH T+2 SETTLEMENT CYCLE
Nigeria’s capital market just leveled up, ditching the old T+3 for a snappier T+2 settlement meaning trades now clear in just two business days, slashing risks and boosting efficiency. CSCS Chairman Temi Popoola called it a historic win that deepens liquidity, amps investor trust, and aligns with global standards to chase that $1 trillion economy…
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TINUBU LAUNCHES NATIONAL TAX REVOLUTION COMMITTEE
President Bola Tinubu just green-lit a powerful new task force the National Tax Policy Implementation Committee (NTPIC) to drive Nigeria’s fresh wave of tax reforms. This isn’t just about rules; it’s about building a fair, transparent, and tech-savvy tax system that sparks economic growth and protects both citizens and businesses. Chaired by tax guru Joseph…
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NRC AND SOUTH WEST DEVELOPMENT COMMISSION TO REVIVE RAILWAYS FOR ECONOMIC GROWTH
The Nigerian Railway Corporation (NRC) is set to sign a Memorandum of Understanding (MoU) with the South West Development Commission (SWDC) to reactivate old, unused railway routes in the South West geopolitical zone. NRC Managing Director Dr Kayode Opeifa said this partnership aims to boost regional connectivity and stimulate economic development. Dr Opeifa welcomed SWDC’s…
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EFCC ROLLS OUT ENHANCED DIGITAL FORENSIC TOOLS, EDUCATION TO FIGHT ECONOMIC CRIMES AND BOOST PRODUCTIVITY
The Economic and Financial Crimes Commission (EFCC) is stepping up with advanced digital forensic technology, broader public education, and stricter compliance frameworks to tackle emerging economic crimes and improve Nigeria’s productivity. EFCC Chairman Mr. Olanipekun Olukoyede highlighted these initiatives at the WorldStage Economic Summit 2025 in Lagos, focusing on the need to curb threats such…
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NIGERIA TAKES STRONG STEP WITH 15% TAX ON IMPORTED PETROL AND DIESEL TO BOOST LOCAL REFINING
Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) has praised the Federal Government’s decision to impose a 15% import tax on petrol and diesel, calling it a move that will grow the economy, promote local production, and create jobs for youth. ECCIMA President Sir Odeiga Jideonwo highlighted the negative impact of excessive importation on…
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FEC APPROVES MAJOR AVIATION UPGRADES: PORT HARCOURT AIRPORT CONCESSION, BIOMETRIC SECURITY, AND INFRASTRUCTURE BOOST
The Federal Executive Council (FEC) has greenlit key projects to modernize Nigeria’s aviation sector, including the concession of Port Harcourt International Airport and introducing biometric verification systems across all airports. Aviation Minister Festus Keyamo highlighted approvals for maintenance contracts at five major international airports—Abuja, Lagos, Kano, Port Harcourt, and Enugu. Further enhancements include installing advanced…
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NIGERIA CUSTOMS SERVICE KADUNA COMMAND HITS RECORD ₦5.16 BILLION REVENUE IN OCTOBER 2025
The Nigeria Customs Service (NCS), Kaduna Area Command, has scored its highest-ever monthly revenue by generating ₦5.16 billion in October 2025—an impressive 96% above its target and 196% target performance. The command’s Public Relations Officer, CSC Ridwan Yusuf, announced this milestone reflecting a 61.89% year-on-year increase compared to the ₦24.06 billion collected from January to…
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NIGERIA-SOUTH AFRICA COOPERATION MARKS AFRICA’S STRONG VOICE AT G20
The United Nations Development Programme (UNDP) has praised the growing cooperation between Nigeria and South Africa as a crucial platform ensuring Africa’s priorities are heard in global decision-making arenas. Varsha Redkar-Palepu, UNDP Deputy Resident Representative, spoke at the G20-Africa outreach meeting on industrialisation and agriculture held in Abuja, ahead of the G20 Summit in Johannesburg…
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FUEL PRICE ALERT: EXPERTS WARN 15% IMPORT DUTY ON PETROL AND DIESEL MAY PUSH PRICES HIGHER
Energy experts are raising alarms over the Federal Government’s recent approval of a 15 percent import duty on petrol and diesel, cautioning that consumers could soon face a fuel price hike of up to N150 per litre or more. Dr. Ayodele Oni from Bloomfield Law Practice highlighted that while the policy aims to protect and…
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NAIRA SHINES BRIGHTER, GAINING N15 AS IT CLOSES STRONGER AT 1,421.73 TO DOLLAR
The Naira extended its winning streak on Friday, ending the trading week stronger at N1,421.73 per dollar in the official foreign exchange market, according to data from the Central Bank of Nigeria (CBN). This marks a 1.07% or N15.23 appreciation from N1,436.97 recorded earlier in the week, continuing a steady upward trend that began Monday.…
