EndSARS Destruction Set Tinapa Back as Investment Hub – NEPZA
By Oluwakemi Kindness The Nigeria Export Processing Zones Authority (NEPZA) says the destruction of facilities at the Tinapa Free Trade Zone during the 2020 EndSARS unrest dealt a major blow to investor confidence and undermined efforts to position the complex as a hub for trade, tourism and industrial development. NEPZA’s Head of Corporate Communications, Dr […]
FG Identifies Funding, Skills Gaps as Barriers to SME Growth
By Oluwakemi Kindness The Federal Government says limited access to finance, business skills and investor support is preventing many Nigerian small businesses from expanding, warning that addressing these challenges will be critical to achieving the country’s one-trillion-dollar economy target. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, stated this at the […]
Tax Ombud Won’t Shield Defaulters, Vows Fair Dispute Resolution
By Oluwakemi Kindness The Office of the Tax Ombud has reaffirmed that it will not protect taxpayers from lawful tax obligations, insisting that its mandate is to ensure fairness, transparency and impartial resolution of eligible tax disputes. The Tax Ombud and Chief Executive, Dr John Nwabueze, stated this at a town hall meeting in Abuja […]
World Bank Plans to Expand Affordable Digital Access
By Zainab Bakare The World Bank has unveiled a strategy to expand internet access, lower digital connectivity costs and improve access to online services in developing countries. World Bank President, Ajay Banga, said digital technology could help countries create jobs, improve productivity and make better use of limited resources. In a statement on Monday, Banga […]
NEPC Expands Export Training to Students Nationwide
By Oluwakemi Kindness The Nigerian Export Promotion Council (NEPC) has unveiled a programme to equip Nigerian students with the skills to take local products and services to international markets. The council said the Students Training Entrepreneurship Export Programme (STEP-X) would be replicated across the six geopolitical zones. NEPC Executive Director, Nonye Ayeni, announced this at […]
PenCom Recovers ₦36.6bn, Pays ₦8.7bn in Pension Arrears
By Oluwakemi Kindness The National Pension Commission (PenCom) says it has recovered ₦36.6bn from defaulting employers and paid ₦8.7bn in pension arrears to Nigeria Social Insurance Trust Fund (NSITF) pensioners as part of efforts to strengthen retirement security. The commission’s Director-General, Omolola Oloworaran, disclosed this on Tuesday at the commission’s 2026 media conference, themed “From […]
NSDC Shifts Focus to Farmers, Seeds in Sugar Production Drive
By Oluwakemi Kindness Nigeria is targeting 11,000 hectares of sugarcane cultivation around existing mills This is as the National Sugar Development Council moves to address shortages of planting materials, limited farmer participation and weak agronomic capacity in the sugar industry. The Executive Secretary of the council, Kamar Bakrin, outlined the measures as part of efforts […]
NCCC Urges States to Buy Into Nigeria’s Carbon Market
By Oluwakemi Kindness The National Council on Climate Change (NCCC) has urged state governments to buy into Nigeria’s emerging carbon market, saying their participation is critical to ensuring carbon projects deliver tangible benefits to local communities. The Director of Energy, Transportation and Infrastructure at the NCCC, Michael Ivenso, made the call in Abuja on Tuesday […]
Nigerian Small Businesses May Struggle for Bank Credit in 2027
By Oluwakemi Kindness Nigerian small businesses may continue to struggle to access formal bank credit in 2027 despite the banking sector’s ₦4.65 trillion recapitalisation. This according to DataPro is as high Treasury bill yields and monetary policy restrictions encourage lenders to favour government securities over private-sector lending. DataPro, in its Risk Quarterly report which examined […]
Personal Loans Hit N2tn as Consumer Credit Rises
By Mardiyyah Abubakar Personal loans obtained by Nigerians rose to about N2.06tn in May 2026, accounting for nearly two-thirds of total consumer credit, according to the Central Bank of Nigeria. The figure represented 64.78 per cent of the N3.18tn consumer credit outstanding during the month. Report from the CBN says total consumer credit increased by […]