Nigeria's $500M Loss from Delayed Cargo Tracking System
Nigeria loses $500 million yearly due to delayed ICTN implementation, fueling smuggling, arms trafficking, and illicit trade, with billions in seizures reported by customs and agencies.
Category : Business
Nigeria's Tax Reforms Aim for Fairer, Inclusive System
Minister Taiwo Oyedele and NTPIC Chairman Joseph Tegbe outline how landmark fiscal reforms will ease burdens on workers and SMEs while boosting economic competitiveness.
Middle East Conflict Could Push 10.4 Million Africans into Hunger
The World Food Programme warns that the ongoing Middle East conflict could push 10.4 million West and Central Africans into acute food insecurity, with 31 African nations requiring urgent external food assistance.
Nigeria Loses N22 Trillion Yearly to Oil Rig Tax Evasion
Maritime lawyer Olisa Agbakoba reveals Nigeria loses N22 trillion annually from offshore oil rig tax evasion and foreign dominance in marine services, urging urgent legal reforms.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
UK's BII Invests $15M in Nigeria's Renewable Energy for Businesses
Starsight Energy Africa Group secures $15 million mezzanine debt funding from British International Investment to expand renewable solar solutions for Nigeria's commercial and industrial sector, addressing the country's persistent power challenges.
Structural Barriers Undermine MSME Growth in Nigeria
A new policy review identifies key structural challenges hindering Nigeria's MSMEs, including limited finance access, weak infrastructure, and high informality, contributing to business mortality.
Transcorp Posts N544b Revenue, N179.5b Profit on Growth
Transnational Corporation Plc announced robust 2025 financial results with N544.41 billion revenue and N179.5 billion profit before tax, driven by power, hospitality, and energy segments amid operational challenges.
Zenith Bank Eyes LSE Listing to Unlock Global Capital
Nigeria's Zenith Bank Plc plans a London Stock Exchange listing by 2027 to access foreign capital, expand operations in the UK and West Africa, and strengthen its international presence amid Nigeria's banking recapitalization drive.
Nigeria's Housing Deficit: Data Clarity to Delivery
Nigeria's housing deficit is now officially 14.9 million units, shifting debate from speculation to evidence. However, data alone is insufficient without urgent policy action, scalable delivery, and accountability to address the crisis effectively.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Minister Calls for 95% Private Sector Control of Nigerian Economy
Minister Doris Uzoka-Anite asserts Nigeria's growth requires 95% private sector-driven economy. Bagudu outlines $1 trillion GDP target by 2030 through 7% annual growth and National Development Plan coordination.
Eight Stocks Control 61% of N127 Trillion Market Cap
Eight stocks account for 61% of Nigeria's N127 trillion market cap, raising concerns about market concentration and systemic risks, with MTN Nigeria leading at N16.4 trillion.
Breathometer's Collapse After Shark Tank Deal
Breathometer secured a historic $1 million investment from all five Sharks on Shark Tank but collapsed due to product inaccuracies and FTC intervention, becoming a cautionary business tale.
AfreximBank Projects 3.8% Global Inflation by 2026
The Africa Export Import Bank predicts global headline inflation will fall to around 3.8% by late 2026, despite persistent services inflation in advanced economies and ongoing geopolitical risks.
AfDB, WATAF Sign $5.52M Grant for West African Tax Reform
The African Development Bank has approved a $5.52 million grant to WATAF to boost tax systems in six West African nations, aiming to improve revenue collection and curb financial leakages.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Africa's Raw Material Export Risks Price Volatility, Warns PAMA
PAMA President Mansur Ahmed warns that Africa's reliance on raw material exports exposes economies to price volatility and low-margin trade, despite China's new zero-tariff policy for 53 African nations.
U.S. Probes Nigeria, Others for Forced Labour in Trade
The United States has initiated a trade investigation targeting Nigeria and 59 other countries to assess if their practices allow imports of goods produced with forced labour, under Section 301 of the Trade Act of 1974.
Iran War Fuel Crisis Hits Nigerian Economy Hard
The ongoing conflict in Iran has disrupted global oil supply, causing petrol prices in Nigeria to surge by 50%. This article examines the economic impact, local refining challenges, and government inaction amid the crisis.
Port Concession Uncertainty Risks FDI and Trade in Nigeria
A research center warns that prolonged uncertainty over port concession renewals in Nigeria could harm port efficiency, deter foreign investment, reduce government revenue, and increase costs for consumers.
Middle East Crisis Exposes Africa's Oil Paradox
Geopolitical tensions in the Middle East highlight the vulnerability of African oil-producing nations that export crude but import refined fuel, driving inflation and economic instability across the continent.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Middle East Tensions Fuel Inflation Fears in Nigeria
Geopolitical tensions in the Middle East are driving oil price volatility, reigniting inflation concerns, and potentially reshaping monetary policy in Nigeria, analysts warn.
Manufacturers Groan Over Rising Energy Prices, Poor Power Supply
Nigerian manufacturers and businesses are struggling with skyrocketing diesel and petrol prices, coupled with worsening power outages, threatening economic collapse.
Experts Urge Collaboration to Boost Intra-African Trade
Financial leaders and government ministers at the Access Bank Africa Trade Conference called for urgent collaboration to overcome structural barriers hindering commerce across the continent.
Nova Bank Names Jude Anele as Managing Director and CEO
Nova Bank Limited has appointed Jude Anele as its Managing Director and CEO, approved by the Central Bank of Nigeria. This move follows the bank's transition to commercial banking and recapitalisation success.
Julius Berger Uplifts Women, Children in Rivers State
Julius Berger Nigeria intensifies CSR efforts in Rivers State, sponsoring school sports competitions, educational excursions, and vocational training programs for underserved communities.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
South-East Youths Urge Tinubu to Tackle Rising Cost of Living
Youth leaders in Nigeria's South-East region have called on President Bola Tinubu to address the escalating cost of living, citing severe hardships from fuel and food price hikes.
CBN: Nigerian Businesses Optimistic Despite Rising Costs
A Central Bank of Nigeria survey reveals businesses remain optimistic about the economy, with a Confidence Index of 39.4 points in February 2026, despite facing major hurdles like insecurity, high taxes, and poor power supply.
World Bank Calls for Maritime Investment to Bridge Job Gap
The World Bank Group has urged Nigeria and other developing nations to invest in maritime infrastructure and regulatory reforms to create jobs and drive economic growth, as 1.2 billion young people enter the workforce in the next 15 years.
Cheese Chopper's Post-Shark Tank Success Story
The Cheese Chopper, a viral kitchen gadget, thrived after Shark Tank despite no deal. Founder Tate Koenig leveraged exposure to sell online, later securing a deal for another product.
Nigerian Energy Leader Appointed Vice Chairman of Botswana Power Corp
Botswana Power Corporation appoints Nigerian energy expert Akinwole Omoboriowo as board member and Vice Chairman to address electricity constraints and drive renewable energy expansion.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
LPG Meter Manipulation Concerns Rise in Retail Market
Consumers nationwide report receiving less gas than paid for due to alleged meter manipulation at LPG retail outlets, raising costs and undermining clean energy adoption efforts.
Page 180 of 334
