Tag: #NigeriaEconomy
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CAC AT 35: FROM PAPER FILES TO 24/7 DIGITAL SERVICES
As it clocks 35, the Corporate Affairs Commission celebrates big tech wins, MSME support, and a cleaner companies register. The Corporate Affairs Commission (CAC) has marked its 35th anniversary with a strong message: Nigeria’s business registry has gone fully digital—and MSMEs are winning. Speaking during a Celebration Walk in Abuja, CAC Registrar-General Hussaini Magaji said…
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TIN CAN CUSTOMS HITS N1.61TRN, SMASHES 2025 REVENUE TARGET
Maritime reforms and teamwork drive historic revenue surge. The Tin Can Island Port Command of the Nigeria Customs Service recorded a record-breaking N1.609 trillion in 2025, exceeding its target by over N85 billion, the highest surplus in its history. Customs Area Controller, Comptroller Frank Onyeka, credited the achievement to teamwork, transparency, and operational reforms, including…
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RICE IMPORTS RISE, BUT EXPERTS TELL FARMERS: DON’T QUIT YET
With thousands of farmers facing losses, agriculture experts say the answer isn’t abandoning rice—but fixing what’s broken in the system. Agriculture experts have urged Nigerian rice farmers to keep cultivating despite the recent spike in rice imports, warning that mass exit from production could hurt food security in the long run. Their advice follows a…
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NGX OPENS WEEK IN GREEN AS INVESTORS POCKET ₦9BN
A modest lift in the index, but stock pickers found plenty of winners despite broad sell-offs. Nigeria’s equities market kicked off the week on a positive note, with investors gaining about ₦9 billion as trading closed slightly higher on Monday. Market capitalisation edged up 0.01% to ₦106.162 trillion, while the All-Share Index inched up 14.24…
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NAIRA ENDS WEEK STRONGER, GAINS AGAINST DOLLAR
CBN reforms boost confidence as local currency posts steady week-long rally The naira wrapped up the week on a positive note, appreciating further against the U.S. dollar at the official market to close at ₦1,386.55/$1 on Friday. Data from the Central Bank of Nigeria (CBN) show the currency gained ₦10.43, a 0.7% improvement from Thursday’s…
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LIRS SHIFTS EMPLOYERS’ TAX FILING DEADLINE TO FEB. 7
More time for businesses as Lagos tax office grants one-week extension The Lagos State Internal Revenue Service (LIRS) has given employers a short breather, extending the deadline for filing annual tax returns from February 1 to February 7. LIRS Chairman, Dr Ayodele Subair, said the move is to help employers submit accurate and complete returns,…
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LOW-INCOME INVESTORS URGED TO PICK SAFE, REGULATED OPTIONS
Experts say low-risk investments are key to protecting income amid Nigeria’s economic challenges Financial and economic specialists are urging Nigerians—especially low-income earners—to prioritise regulated, low-risk investments to safeguard their earnings during tough economic times. Prof. Wale Oni, an agricultural economist at the University of Ibadan, stressed that oversight by the Securities and Exchange Commission (SEC)…
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FCT CONTRACTORS DEMAND PAYMENT OF N5.2BN DEBT FROM WIKE
Contractors warn of protests as unpaid bills strain families and livelihoods. Contractors working on FCTA projects have urged Minister Nyesom Wike to settle over N5.2 billion owed, saying delayed payments are causing severe hardships. Speaking at a news conference in Abuja, Adebola Benson, Chairman of Indigenous Contractors, said many members are struggling to provide for…
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₦4TRN DEBT: CONTRACTORS STORM ABUJA, WARN OF ECONOMIC FALLOUT
“Pay us for work done, or the economy pays the price.” That’s the message from indigenous contractors who resumed protests in Abuja over unpaid federal projects worth about ₦4 trillion. Members of the All Indigenous Contractors Association of Nigeria (AICAN) barricaded the Ministry of Finance, saying delays in settling bills from the 2024 budget are…
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MAGBO COURTS GLOBAL INVESTORS IN TURKEY FOR NIGERIA
From Istanbul to Abuja, investment talks are heating up President of the Nigerian Community in Turkey, Prince Magbo, has led high-level investment discussions with international business leaders to attract fresh capital into Nigeria and boost economic growth. Prince Magbo met with Mrs. Ebru Kain, Chair of Kain Real Estate, Food and Takile Investment, and Mrs.…
