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Business & Economy
I’ve never heard any wealthy person say ”Money na Water”’— Cosmas Maduka
By Maureen Aguta
Billionaire industrialist and Chairman of Coscharis Group, Dr. Cosmas Maduka, has condemned the growing culture of flamboyance and reckless display of wealth at Nigerian social events, describing it as a…
SONEXCAP: SON’s strategic drive to boost Nigeria’s export competitiveness
By Maureen Aguta
The Standards Organisation of Nigeria (SON) has reaffirmed its commitment to strengthening the nation’s trade capacity and promoting the export of locally manufactured goods through its flagship…
MARCON tips National Single Window Project to unlock billions in trade efficiency
Maureen Aguta
The Maritime Correspondents’ Organisation of Nigeria (MARCON) has applauded the Federal Government’s renewed commitment to the implementation of the National Single Window (NSW) project — a long-awaited…
Over 90% Nigerians extremely poor, may not qualify to PAYE tax from 2026
Maureen Aguta
Indication of Tuesday is that at least nine out of every 10 Nigerians do not earn up to one million Naira in year, so will no longer have to pay the Pay as You Earn (PAYE) starting from January 2026.
Taiwo…
How Africa’s richest man, Dangote escaped multi-billion naira scam
Maureen Aguta
A Federal High Court in Abuja has heard how businessman, Aliko Dangote, narrowly escaped being defrauded by some foreigners engaged to provide services for one of his companies, the Dangote Refineries.
The…
Trump’s trade war tariff against Nigeria, others takes effect today
Maureen Aguta
US president Donald Trump’s sweeping new tariffs for dozens of countries have come into force today as he continues to escalate his global trade war.
Last week Trump announced higher import duty rates of…
Analysts raise alarm over Nigeria’s rising external debt service
Joseph Irikefe
Nigeria’s external debt service obligations are climbing at an alarming rate, underscoring growing concerns over the country’s debt sustainability and fiscal resilience.
According to the latest figures from…
Rebased GDP 18.3% nominal growth hasn’t translated to economic progress–MAN
Maureen Aguta
The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has cautioned against interpreting the revised nominal Gross Domestic Product (GDP)estimate as evidence of…
Imo gives herders 2-week ultimatum to end open grazing in Owerri
Maureen Aguta
The Imo State government has issued a two-week ultimatum to cattle herders in the state capital, Owerri, to end open grazing within the city.
The directive, which takes effect from July 24, 2025, aims to…
Tinubu gets $747m foreign loan for Lagos-Calabar Coastal Highway
Joseph Itikefe
The Nigerian Government has secured a $747 million syndicated loan to fund the construction of Phase 1, Section 1 of the Lagos-Calabar Coastal Highway.
According to the statement signed by Mohammed…