Tag: #NigeriaEconomy
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DIGITAL PAYMENTS KEY TO FINANCIAL INCLUSION, ECONOMIC GROWTH — CBN
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to expanding digital payment channels as a means of deepening financial inclusion, supporting economic growth and accelerating national development. CBN Governor Olayemi Cardoso, represented by Acting Director of Corporate Communications and Investor Relations, Hakama Sidi-Ali, stated this at the CBN Fair in Lafia, Nasarawa State.…
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WOMEN IN TAXATION INAUGURATE KANO EXECUTIVES, PROMISE STRONGER COLLABORATION
The Society of Women in Taxation (SWIT), Kano State Chapter, has inaugurated its new executives for the 2026/2027 financial year, with a pledge to promote professionalism, capacity building and stronger collaboration in the tax sector. The new State Coordinator, A’ishatu Salisu, said her administration would create more opportunities for members to improve their knowledge, professional…
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NSDC TARGETS SUGAR SELF-SUFFICIENCY WITH $1BN INVESTMENT, N10BN FUND
The National Sugar Development Council (NSDC) is targeting sugar self-sufficiency in Nigeria through a proposed $1 billion investment partnership and a 10 billion naira Sugar Project Acceleration Fund. The NSDC Executive Secretary, Kamar Bakrin, said Nigeria currently consumes about 1.8 million tonnes of sugar annually, with roughly $1 billion spent on imports. He said the…
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ONION DISPUTE: NIGERIAN TRADERS SUSPEND EXPORTS TO GHANA, SEEK ECOWAS MEDIATION
The National Onion Producers and Marketers Association has called on the Economic Community of West African States (ECOWAS) to urgently intervene in the lingering trade dispute between Nigeria and Ghana. The association’s National President, Alhaji Aliyu Maitasamu, disclosed this on Sunday in Sokoto, saying Nigerian onion traders had suspended exports to Ghana after exhausting efforts…
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TAX OMBUD MOVES TO TACKLE MULTIPLE TAXATION, BOOST TAXPAYER CONFIDENCE
The Office of the Tax Ombud (OTO) has intensified efforts to tackle multiple taxation and other challenges affecting taxpayer confidence in Nigeria’s tax administration. The Tax Ombud and Chief Executive Officer, Dr John Nwabueze, disclosed this at the office’s third-quarter Breakfast Meeting with newsmen in Lagos. He said the OTO was strengthening its mediation and…
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NIA COMMENDS NAICOM’S TRANSPARENCY IN RECAPITALISATION, BACKS INDUSTRY REFORMS
The Nigerian Insurers Association (NIA) has praised the National Insurance Commission (NAICOM) for the transparent and structured implementation of the insurance industry’s recapitalisation exercise. NIA Chairman, Mrs Ebelechukwu Nwachukwu, said the process, conducted under the Nigerian Insurance Industry Reform Act (NIIRA) 2025, provided operators with clear guidelines, defined timelines and rigorous regulatory oversight. Nwachukwu described…
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ORGANISED PRIVATE SECTOR OPPOSES PROPOSED PENSION CONTRIBUTION INCREASE
The Organised Private Sector of Nigeria (OPSN) has called on the Federal Government and the National Pension Commission (PenCom) to suspend plans to increase mandatory pension contributions, warning that the proposal could worsen the challenges facing businesses and workers. The group, which includes MAN, NACCIMA, NECA, NASME, NASSI and other employer associations, argued that the…
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TAX OMBUD PUSHES FOR END TO MULTIPLE TAXATION, SEEKS HARMONISED REVENUE SYSTEM
Nigeria’s Office of the Tax Ombud says work is ongoing to address the issue of multiple taxation through closer coordination with revenue authorities across all levels of government. According to the office, the Joint Revenue Board is working to harmonise tax administration between federal, state and local government structures to reduce duplication and improve efficiency…
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NIGERIA RECORDS N34.78 TRILLION TRADE VALUE IN Q1 2026 — NBS
Nigeria recorded a total merchandise trade value of N34.78 trillion in the first quarter of 2026, according to the National Bureau of Statistics (NBS). The report shows that exports stood at N21.17 trillion, representing 60.85% of total trade, with crude oil continuing to dominate Nigeria’s export basket. Non-crude oil and non-oil products also contributed to…
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FG APPROVES PAYMENTS TO OVER 1,240 LOCAL CONTRACTORS NATIONWIDE
The Federal Government has approved payments to more than 1,240 local contractors across the country. According to the Ministry of Finance, the payments followed a verification and reconciliation process to ensure that only valid and confirmed obligations were settled across Ministries, Departments and Agencies (MDAs). The ministry says the funds are expected to provide relief…
