Tag: #NigeriaEconomy
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PRICE TAG TROUBLE: LAGOS FISH FARMERS SAY MIDDLEMEN ARE SINKING PROFITS
They raise the fish, but can’t fix the price — and now Lagos farmers say the system is rigged against them. Fish farmers in Lagos are pushing back against what they call an unfair pricing system, blaming middlemen for shrinking profits despite rising production costs. The Lagos State Catfish Allied Farmers Association of Nigeria says…
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INSURANCE CASH SURGE: SECTOR RAKES IN ₦2.3BN AS OIL & GAS TAKES THE LEAD
Nigeria’s insurance industry just had a solid quarter—think of it as a financial “rainy day fund” that actually saw sunshine, pulling in billions while oil & gas and fire cover stole the spotlight. The Nigerian insurance sector recorded a strong performance in Q4 2025, with gross premium hitting ₦2.301 billion, according to the National Insurance…
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TINUBU MOVES TO SHIELD NIGERIANS FROM MIDDLE EAST CRISIS FALLOUT
Global crisis, local pain and now the government says it’s stepping in to soften the blow.President Bola Ahmed Tinubu has ordered urgent measures to cushion the impact of the ongoing Middle East crisis on Nigerians — especially as rising fuel prices continue to bite. Speaking in Yenagoa, Tinubu directed key officials, including the Finance Ministry…
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COMPANY INCOME TAX DROPS TO ₦1.49TRN IN Q4 2025 — NBS
Nigeria’s Q4 2025 CIT sees sharp quarterly decline but posts modest annual growth, with financial, manufacturing, and mining sectors leading contributions. The National Bureau of Statistics (NBS) reports that Nigeria collected ₦1.49 trillion in Company Income Tax (CIT) in Q4 2025, down 49.81% from ₦2.96 trillion in Q3. Domestic CIT contributed ₦819.83 billion, while foreign…
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FG UNVEILS OIL PALM MASTERPLAN TO BOOST OUTPUT, LIFT MILLIONS FROM POVERTY
Nigeria is taking a big step to revive its once-dominant oil palm industry, with the Federal Government and stakeholders validating a new national strategy aimed at boosting production, cutting imports and creating jobs. Speaking in Abuja, Minister of State for Agriculture and Food Security, Sen. Aliyu Abdullahi, described the plan as a comprehensive roadmap to…
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AFRICA PRUDENTIAL’S BIG YEAR: REVENUE JUMPS 38% TO N7.19BN
Despite inflation, FX volatility and rising costs, Africa Prudential Plc just posted a strong 2025 performance—boosting revenue, profits and dividends while doubling down on digital innovation. The company announced at its 13th virtual AGM that revenue surged 38.35%, rising from N5.19bn in 2024 to N7.19bn in 2025. Profit After Tax also climbed sharply to N2.72bn,…
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PROCUREMENT REFORMS KEY TO NIGERIA’S GROWTH — BPP BOSS
Nigeria could unlock trillions in savings and rebuild public trust — if procurement rules are followed strictly. The Bureau of Public Procurement is pushing for stricter compliance and major reforms to transform government spending into real national development. At a capacity-building event in Lagos, BPP Director-General Dr Adedokun Adebowale told procurement officers to lead by…
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NAIRA-FOR-CRUDE POLICY SHIELDS NIGERIA FROM GLOBAL FUEL CRISIS
While the Middle-East conflict sends oil prices soaring worldwide, Nigeria stays fuel-secure thanks to Tinubu’s local refining push. President Bola Tinubu’s naira-for-crude policy has bolstered Nigeria’s energy security amid the ongoing Middle-East crisis, a presidential aide has revealed. Temitope Ajayi, SSA on Media, highlighted how the initiative—allowing NNPC to sell crude to local refiners in…
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TINUBU’S UK VISIT: BIG DEALS, BIG QUESTIONS FOR NIGERIANS
Historic handshakes at Buckingham Palace—but will Bola Tinubu’s UK visit translate into real gains back home?* For the first time in nearly 40 years, a Nigerian leader has made a full state visit to the United Kingdom, invited by King Charles III—a symbolic reset of long-standing ties. But beyond the royal reception, the focus is…
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COCOA CRISIS IN KOGI: FARMERS CRY OUT OVER PRICE CRASH
From boom to bust—Kogi cocoa farmers are struggling to stay afloat as prices tumble and losses mount. Cocoa farmers in Kogi State are raising alarm over a sharp drop in prices, urging government intervention to save their livelihoods and stabilise the sector. The state chairman of the All Farmers Association of Nigeria, Adobanyi Salihu, said…
