98% of Nigerian Workers Exempt from Income Tax
Nigeria's new tax reforms will exempt 98% of workers from personal income tax starting January 2026. Learn how SMEs and low-income earners benefit from VAT exemptions and other incentives.
Category : Business
VAT hits N2.06 trillion in Q2 2025, 7th consecutive rise
Nigeria's VAT collections surge to N2.06 trillion in Q2 2025, recording seventh consecutive quarterly growth since economic reforms. Manufacturing leads sectoral contributions with 27.19% share.
IEI Appoints Dr Joyce Odiachi as Acting MD
International Energy Insurance Plc announces a major leadership transition. Dr Joyce Odiachi steps in as Acting MD following Olasupo Sogelola's resignation. Discover the company's next growth phase.
NSITF Pays N75.8m Compensation to 3 in Port Harcourt
The NSITF has disbursed N75.8 million under the Employee Compensation Scheme to three beneficiaries in Port Harcourt, reaffirming its commitment to social protection for Nigerian workers.
NECA Champions Nigeria First Policy for Local Production
NECA calls on private sector to leverage Nigeria First Policy for enterprise growth and economic resilience. Learn how local production can transform Nigeria's economy.
LIRS Promotes Tax Education in Lagos Schools
Lagos Inland Revenue Service partners with DKK to host Tax Trybe debate competition, educating students about taxation importance and creating future tax ambassadors.
Digital Skills Vital for Nigeria's Economic Revival - Senator
Senator Opeyemi Bamidele emphasizes entrepreneurship and technical skills as crucial for Nigeria's economic transformation. Learn how digital education can position Nigeria among emerging digital economies.
Bayelsa acquires aircraft, makes historic inaugural flight
Bayelsa State celebrates a historic milestone as Governor Douye Diri inaugurates its first state-owned aircraft, enhancing aviation capacity and economic connectivity.
Dangote Refinery Denies Exporting Off-Spec Diesel
Dangote Refinery refutes claims of exporting substandard diesel to Europe as market sources cite quality issues. Learn about the specifications debate and regional market shifts.
Nigeria gets $500m AfDB loan for energy transition
Federal Government secures $500 million from African Development Bank to finance energy transition and economic governance reforms. Learn how this impacts Nigeria's development.
States Plan Investment Summit for $1 Trillion Economy
Nigeria's 36 states and FCT plan a subnational investment summit to attract foreign investors, critical for achieving the $1 trillion economy target by 2030. Read more.
CeBIH Demands Cultural Shift for Consumer Credit
Committee of e-Business Industry Heads urges Nigerians to rethink consumer credit to drive financial inclusion and economic growth ahead of 2025 conference.
Sahara Group: Nature Solutions for Africa's Climate
Sahara Group urges scaling nature-based solutions at COP30 to unlock climate finance and boost Africa's resilience. Learn about their Adopt-a-Forest initiative.
China Supports Nigeria's Port Modernisation Drive
China pledges technical support for Nigeria's port automation, offering expertise from 52 automated ports. Partnership includes maritime training and digital infrastructure development.
West Africa Industrial Summit Set for March 2026 in Lagos
The WA-IMT Summit in Lagos from March 3-5, 2026 will drive regional integration and sustainable industrial growth across West Africa. Join industry leaders!
Asian stocks rally on rising US rate cut bets
Asian markets climbed as traders bet on a December Fed rate cut. The rally extended Wall Street gains, boosting assets like Bitcoin. Read the full market analysis.
Bengaluru's Traffic Crisis Threatens Tech Economy
India's Silicon Valley Bengaluru faces severe traffic gridlock and infrastructure decay, threatening productivity in the world's fifth-largest economy. Discover how tech giants are responding.
Nigeria's Inflation Falls to 16.02% Amid Economic Debate
Nigeria's inflation rate dropped to 16.02% in October 2025, marking sixth consecutive decline. Experts question if statistics reflect true economic reality for average Nigerians. Read analysis.
G20 Urged: Africa's Debt Crisis Blocks Climate Action
Former Ethiopian PM warns G20: Africa spends $90B on debt servicing while climate finance falls short. Debt relief essential for global climate security. Read more.
New Book Reveals Why Organisational Strategies Fail
Transformation executive Akin Monehin's new book, 'Execution Is a Lie,' uncovers the systemic reasons behind organisational failures. Discover why strategy isn't the problem. Read the full analysis now!
Lokoja Dialogues Launch to Boost Nigeria's Water Security
Nigeria launches Lokoja Dialogues to address water crisis, potentially boosting GDP by 6% annually and reducing farmer-herder conflicts worth $13.7 billion through WEFE nexus approach.
VAT collections hit N2.06tr in Q2, 7th consecutive rise
Nigeria's VAT revenue surges to N2.06 trillion in Q2 2025, marking a 32.15% year-on-year increase and the seventh consecutive quarterly rise since economic reforms began.
Dangote Refutes Off-Spec Diesel Claims Amid Quality Concerns
Dangote Refinery rejects claims of supplying substandard diesel to Europe while maintaining West Africa as primary market. Company plans Euro VI standards by 2028.
NRC and SWDC to Revive Southwest Rail Routes
Nigerian Railway Corporation collaborates with Southwest Development Commission to operationalize unserviced railway routes, boost regional connectivity and economic growth in Southwest states.
Climate Change Puts Spain's Economic Growth at Risk
The OECD reports that climate disasters like deadly floods increasingly threaten Spain's dynamic economy. Learn how extreme weather impacts growth and what reforms are needed.
Nigeria Stock Market Falls After CBN MPC Meeting
Nigerian stock market declined 0.49% Wednesday as investors reacted to CBN's decision to maintain 27% MPR. Market capitalization lost N444 billion. Read full analysis.
Nigeria FX Market Reaches $500m Daily Turnover
CBN Governor Cardoso reveals Nigeria's FX market now records $500m daily turnover without central bank intervention, marking a new era of transparency and stability.
Campbell's denies using 3D-printed chicken in soups
Food giant Campbell's dismisses as 'absurd' claims by executive about 3D-printed chicken in soups. Company places VP on leave amid racism allegations and lawsuit.
US Farmers Struggle with Tariff-Driven Cost Increases
American farmers and businesses report soaring production costs due to Trump's tariffs, contradicting White House affordability claims as Thanksgiving approaches.
Bread Prices Remain High Despite Cheaper Flour in Nigeria
Nigerian families face ongoing hardship as bread prices refuse to fall despite significant drops in flour costs. Bakers blame high electricity, diesel and other ingredient expenses.
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