Nigeria must urgently reduce the cost of production or risk conceding its growing African market to competitors, the Executive Secretary of the National Sugar Development Council (NSDC), Kamar Bakrin, has warned. Bakrin spoke at the technical session of the 17th National Council on Industry, Trade and Investment (NCITI) in Enugu, where he presented what he …
The United States has clarified that the expiry date printed on a visitor’s visa does not determine how long the person may remain in the country. According to US authorities, the duration of a foreign visitor’s authorised stay is determined by a Customs and Border Protection (CBP) officer at the point of entry. In a …
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and the Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, will headline the 7th Africa Emerging Markets Forum in Abuja on July 29 and 30, 2026. The two global economic leaders will feature in a high-level fireside dialogue on how African economies …
The detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, has formally terminated the services of his longtime personal lawyer, Ifeanyi Ejiofor, directing him to stop representing him, his family, or the separatist group in any capacity. In a letter dated July 22, 2026, and written from the Sokoto Correctional Centre, Kanu said …
Presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has called on President Bola Tinubu to resign from office, arguing that the president no longer has the capacity to address Nigeria's worsening economic and security challenges. Obi made the remarks during an interview on Channels Television on Sunday, where he accused Tinubu of failing …
The Centre for the Promotion of Private Enterprise (CPPE) has said the United States' decision to impose a 12.5 per cent tariff on imports from Nigeria is unlikely to have a significant impact on the country's export earnings or broader economy, as most Nigerian exports to the US are exempt from the new measures. In …
The Federal Government has inaugurated an inter-ministerial committee to develop a new Value Added Tax (VAT) Modification Order aimed at supporting the implementation of Nigeria's Tax Reform Acts, which took effect on January 1, 2026. The committee was inaugurated by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, at the Federal …
The Nigerian stock market returned to positive territory in the week ended July 24, reversing the mild setback recorded in the previous week as investors renewed buying interest in banking and industrial stocks, pushing the benchmark index and market capitalisation to fresh highs. The Nigerian Exchange (NGX) All-Share Index (ASI) gained 1.60 per cent to …
Businesses are yet to reap the benefits of Nigeria's improving macroeconomic stability as borrowing costs remain stubbornly high despite signs that the Central Bank of Nigeria (CBN) is making progress in its fight against inflation. The CBN's decision to retain the Monetary Policy Rate (MPR) at 26.5 per cent at its July Monetary Policy Committee …
The Legal Practitioners' Privileges Committee (LPPC) has elevated 68 legal practitioners to the prestigious rank of Senior Advocate of Nigeria (SAN). The decision was taken during the committee's 174th plenary session held on Thursday in Abuja, chaired by the Chief Justice of Nigeria, Justice Kudirat Kekere-Ekun. The announcement was made in a statement issued by …
