The Nigeria Economic Summit Group (NESG) has called on the National Assembly to urgently amend key economic laws, including the Nigeria Tax Act 2015, the Petroleum Industry Act (PIA), and the Electricity Act 2023, as part of efforts to strengthen Nigeria’s business environment and attract investment. The call followed the presentation of a policy brief …
Nigeria’s sweeping fiscal reforms are beginning to yield measurable results, with the Executive Chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, declaring that the country has moved from policy intentions to real execution under President Bola Ahmed Tinubu. Speaking at the commissioning of the NRS Corporate Headquarters in Abuja on Tuesday, Adedeji said the …
President Bola Ahmed Tinubu has commissioned the Corporate Headquarters of the Nigeria Revenue Service (NRS) in Abuja, marking a defining moment in the Federal Government’s push to overhaul the country’s revenue generation system. The high-profile ceremony brought together top political leaders, including Senate President Godswill Akpabio, Deputy Senate President Jibrin Barau, Speaker of the House …
As FG slashes duties on food, vehicles, and machinery, experts warn of looming threats to local industries, jobs, and fiscal stability Nigeria’s 2026 fiscal policy is not just a routine economic adjustment; it is a sweeping recalibration of the country’s trade philosophy, one that could either unlock growth or deepen structural vulnerabilities. With a …
The Nigeria Customs Service (NCS), Federal Operations Unit, Zone C, Owerri, has intercepted a truckload of illicit drugs valued at over N1 billion along the Okada/Ofosu Expressway in Benin City, Edo State. The seized items include 1,025,000 tablets of Tramadol and 10,000 bottles of Barcadin Codeine Syrup (100ml each), marking a significant breakthrough in the …
The Nigerian Government has approved sweeping tariff reductions on key imports, including vehicles, rice, palm oil and sugar, as part of its 2026 fiscal policy aimed at stimulating economic growth and supporting critical sectors. In a circular issued by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the Federal Government confirmed …
The Nigerian Economic Summit Group (NESG) has cautioned the Federal Government against reversing fuel subsidy reforms, warning that such a move could destabilise the economy and undermine recent gains. Speaking during a media briefing on Friday, NESG Head of Research, Dr. Joseph Ogebe, described 2026 as a “make-or-break” year for Nigeria, stressing the urgency of …
While preparing dinner on Friday evening, Madam Juliana Umeh, a mother of three who resides in the Ilasa area of Lagos, suddenly noticed the flame from her blue 12.5kg cylinder gradually dropped and finally stopped. The gas finished in the middle of the cooking. Left with no other option, Mrs Umeh approached a nearby gas …
The African Export-Import Bank (Afreximbank) has reported robust financial performance for the year ended December 31, 2025, highlighting strong balance sheet growth, increased investor confidence, and sustained execution of its strategic priorities across Africa and the Caribbean. The Bank said its total assets and contingencies rose by 21 percent to $48.5 billion from $40.1 billion …
Nigeria’s business environment remained in expansion territory in March 2026, but momentum weakened significantly as rising input costs, weak investment appetite, and persistent structural challenges dragged performance across key sectors, according to the latest Nigerian Economic Summit Group Business Confidence Monitor (BCM). The report paints a picture of a cautious economy, one where businesses are …
