Industry & Money
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1.2KLocal Producers Struggle as Textile Imports Hit ₦566b
Nigeria imported textiles and textile articles worth N565.96bn in the first half of 2025, according to the latest figures from the National...
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1.2KFG Revokes 1,263 Mineral Licences Over Default
The Federal Government has announced the revocation of 1,263 mineral licenses across the country as part of its ongoing efforts to sanitise...
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1.7KManufacturing Import Bill Widens ₦14tr Trade Deficit
Nigeria’s manufacturing sector has sunk deeper into deficit, as imports of manufactured goods outpaced exports by more than N14tn in the first...
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1.6KNEC Moves to Boost Food Security Nationwide, Endorses NASENI’s Solar Irrigation Pumps
In a move to boost food security in Nigeria, National Economic Council (NEC) has endorsed solar-powered irrigation pumps produced by National Agency...
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1.5K4% FOB Suspension will Crash Production Cost, Boost Economy –MAN
The Manufacturers Association of Nigeria (MAN) has joined the legion of stakeholders currently applauding the federal government for suspending the reintroduced 4...
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1.6KNigeria Imports 560,000 Tonnes of Fertiliser Inputs in 2025
The Ministry of Finance Incorporated has disclosed that Nigeria imported more than 560,000 metric tonnes of fertiliser raw materials in 2025 alone,...
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2.0KFG Plans Silos Revamp to Curb $10bn Annual Post-Harvest Losses
The Federal Government of Nigeria has made plans to revamp silos in the country to curb $10 billion annual post-harvest losses. Minister...
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Food Price Crash: Farmers Fault FG’s Order as Agro-Imports Hit ₦2.2tr
Nigeria’s agricultural import bill soared to N2.22tn in the first half of 2025, drawing strong criticism from farmers, rice millers, and stakeholders...
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2.4KFG Scraps Airline VAT Exemptions, Reimposes Charges on Aircraft, Parts, Others
The Federal Government has ended Value Added Tax (VAT) and duty exemptions for airlines and reinstated taxes on commercial aircraft engines, spare...
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691FG Scraps 5% Telecom Tax, Users Celebrate Relief
The Federal Government has abolished the five per cent excise duty previously imposed on telecommunications services, including voice calls and data usage,...
