Tag: #NigeriaEconomy
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POULTRY FARMERS CRY OUT: ‘NO MONEY, NO EGGS’ IN LAGOS
Poultry farmers in Lagos are raising alarm over lack of financing, warning it’s crippling their ability to expand production. Farmers say stocking birds now costs millions, with one producer revealing she spent nearly ₦2 million just to fill her pens — a cost many can’t sustain, leaving some pens empty. To cope, many now raise…
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ABUJA RESIDENTS CRY OUT: “ECONOMY DON TOO HARD!”
Residents of the FCT are raising alarm over worsening economic hardship, saying basic living has become increasingly difficult. Many told NAN that skyrocketing food prices and transport costs are eating deep into their incomes, forcing families to cut meals, borrow money, and adopt survival tactics like group savings. A civil servant, Grace Okoro, said her…
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ARTISANS SET FOR BIG BOOST AS TASE 2026 TARGETS FINANCE, SKILLS GAP
From carpenters to creatives—Nigeria’s artisans are getting a platform to grow, earn more, and go global. Say it Loud Africa has announced plans to host the Artisan Summit and Expo (TASE) 2026, a major push to tackle challenges holding back artisans especially access to finance and proper business structure. Speaking ahead of the event, advocate…
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SANWO-OLU PUSHES FOR TAX AGENCIES’ AUTONOMY, HAILS LAGOS REVENUE BOOM
Babajide Sanwo-Olu has called for full autonomy for tax agencies across Nigeria, saying political interference is slowing down revenue growth in many states. Speaking at the 159th meeting of the Joint Revenue Board in Lagos, the governor praised the Lagos State Internal Revenue Service (LIRS) for driving record performance. He revealed that Lagos generated about…
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FCCPC WARNS FIRMS: NO APPROVAL, NO MERGER DEALS
The Federal Competition and Consumer Protection Commission (FCCPC) has warned companies and investors to fully comply with merger and acquisition laws before sealing any deals. In a notice posted on its official X page, the commission said all qualifying transactions must be reported and approved in advance under the law. FCCPC stressed it can approve,…
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COW PRICES RISE TO N2.5M IN LAGOS, BUTCHERS RAISE CONCERN
The cost of cattle in Lagos has surged sharply, putting pressure on both traders and consumers. The Lagos State Butchers Association says the price of cows has increased to about N2.5 million, up from around N1.7 million in 2025. The association attributed the rise to insecurity, high transportation costs, and delays in local ranching programmes,…
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NO IMF SOS… FOR NOW: NIGERIA SAYS REFORMS ARE DOING THE HEAVY LIFTING
While many economies are knocking on the IMF’s door, Nigeria says, “We’re good for now.” Nigeria has ruled out any immediate move to seek financial support from the International Monetary Fund, with Finance Minister Wale Edun insisting ongoing reforms are holding the line. Speaking in Washington, Edun said the country is leaning on homegrown economic…
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TRANSPORT COSTS CHOKE NIGERIANS, IMF SOUNDS ALARM
From market stalls to motor parks, rising transport fares are quietly squeezing wallets—and the IMF says it’s getting worse. Nigeria’s cost-of-living crisis is deepening, with the International Monetary Fund warning that soaring transport costs are driving food prices through the roof. At the IMF/World Bank Spring Meetings in Washington, Abebe Selassie said higher fuel prices…
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DANGOTE SETS SIGHTS ON IPO, TO SELL 10% OF REFINERY
Africa’s biggest refinery is heading to the market — and investors could soon own a slice of Dangote’s $20bn oil giant. Washington D.C., April 16, 2026 — The Dangote Group has unveiled plans to sell a 10 per cent stake in its 650,000 barrels-per-day refinery through a Pan-African Initial Public Offering (IPO) in 2026. President…
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BREWERY SECTOR BOUNCES BACK — BUT NEW COST RISKS LOOM
Nigeria’s beer industry is back in profit after years of losses — but rising costs and new taxes could spoil the party. Lagos, April 16, 2026 — Nigeria’s brewed products sector returned to profitability in 2025 after years of losses, Nigerian Breweries Plc has said, even as consumers continue to feel the pinch of inflation.…
