The Corporate Affairs Commission (CAC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have unveiled a nationwide initiative to provide free business registration for 250,000 nano, micro, and small enterprises. The scheme, announced in Abuja during the signing of a Memorandum of Understanding between the two agencies, aims to ease the burden …
The Deputy Spokesman of the House of Representatives, Philip Agbese, has dismissed concerns over delays in implementing the 2025 budget, insisting that President Bola Tinubu’s administration remains on course with its economic policies. Agbese, who spoke to newsmen on Friday, commended the Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, for what he described …
Senator Abdulrahman Kawu has expressed concern that poverty and youth unemployment remain unacceptably high at the grassroots despite huge financial allocations to local government areas (LGAs) across the country. Speaking to journalists, the Kano South lawmaker revealed that between January and June 2025, the 44 LGAs in Kano State alone received a total of ₦130.74 …
Nigeria’s push into digital finance is under scrutiny as doubts grow about the credibility of the country’s flagship stablecoin, the cNGN. Promoted as Africa’s gateway to global crypto adoption, the project now faces tough questions about reserves, adoption, and sovereignty. cNGN’s last attested report showed about 298 million tokens in circulation as of June. By …
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that 80 per cent of the capital component of Nigeria’s 2024 budget has so far been released. Edun disclosed this after a closed-door session with the House of Representatives Committee on Appropriation in Abuja on Wednesday. The session, also attended by the …
The Lagos Chamber of Commerce and Industry (LCCI) has called on the Nigerian government to take concrete actions towards ensuring the implementation of all international partnership agreements for development of the domestic economy. The chamber made the call while reacting to recent international engagements of the Nigerian government, including the diplomatic overtures with Brazil and …
..Miami got the jobs, tax revenue, prestige; Nigeria got Instagram pictures By Esther Ososanya The recent high-profile wedding of Nigerian music superstar David Adeleke, popularly known as Davido, and his long-time partner Chioma Rowland, in Miami, United States, has reignited conversations about capital flight, celebrity spending, and Nigeria’s economic priorities. Held on Sunday, August 10, …
By Esther Ososanya The Executive Secretary of the National Sugar Development Council (NSDC), Mr Kamar Bakrin, has issued a clarion call to Nigerian farmers and private investors to take advantage of what he describes as a “golden window” for investment in the country’s sugar industry. Speaking during a courtesy visit by the All Farmers Association …
Esther Ososanya ActionAid Nigeria has urged the Federal Government to suspend its proposed 5% surcharge on fossil fuel transactions, warning that the policy could damage the country's fragile economic recovery and worsen inequality. The new levy, introduced in Section 158 of the recently gazetted Nigeria Tax Act, is scheduled to take effect in 2026. It …
By Esther Ososanya Nigeria imported N146.11 billion worth of motorcycles in the first quarter of 2025, a surprising 24.4% increase from the N117.4 billion spent in the same period of 2024, according to the latest Foreign Trade in Goods Statistics released by the National Bureau of Statistics (NBS). The motorcycles, identified by the NBS as …
