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Transparent Tax Reform Can Ease Business Pressure

02.01.2026
The Lagos Chamber of Commerce and Industry says effective and transparent implementation of the Tax Reform Act is critical to simplifying compliance, reducing the burden on productive enterprises and broadening the tax base without stifling economic growth. The body called on the Federal Government to ensure its implementation. In a statement reviewing the country’s economic...
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Bank Lending to Manufacturers Falls by N2.17 Trillion

02.01.2026
Manufacturers have sharply reduced their exposu re to bank loans in the past year, repaying an estimated N2.17tn as high interest rates and rising operating costs weigh on the sector. Figures from the Central Bank of Nigeria’s latest quarterly statistical bulletin show that total credit by deposit money banks to the manufacturing sector fell from...
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Startup Funding in Africa Hits $3bn in 2025, a New High

02.01.2026
The African startup ecosystem recorded a strong recovery in fundraising activity in 2025, reversing two consecutive years of decline. This was disclosed by Africa: The Big Deal, a platform that tracks startup ecosystem activities on the continent, as 2025 comes to an end. At the halfway point of the year, start-ups in Africa raised more...
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Savannah ends share buyback as NIPCO increases stake

02.01.2026
Savannah Energy Plc has announced plans to terminate its ongoing share buyback programme as its largest shareholder, NIPCO Plc, moves to increase its ownership stake in the company. The British independent energy company said in a statement made available to our correspondent on Thursday that it intends to enter into a relationship agreement with NIPCO,...
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Probe N11.35tn Spent on NNPC Refineries, Marketers Urge FG

02.01.2026
The Petroleum Products Retail Outlets Owners Association of Nigeria has demanded that authorities fully account for an estimated N11.35tn reportedly spent on the rehabilitation of state-owned refineries, warning that continued opacity undermines confidence in the petroleum sector and worsens the country’s energy insecurity. In its review of Nigeria’s petroleum sector for 2025 and prospects for...
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Nigeria’s Manufacturing Sector Set for 3.1% Growth in 2026

02.01.2026
Manufacturing was constrained in 2025, recording successive quarterly declines of up to 1.25 per cent in the real growth rate. Yet stakeholders share a positive outlook dependent on new tax laws and the execution of the ‘Nigeria First’ policy, ARINZE NWAFOR writes Manufacturing stakeholders, including the Manufacturers Association of Nigeria and the Centre for the...
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How Govt Backing Can Boost Nigeria’s Manufacturing Growth

02.01.2026
Lagos Chamber of Commerce and Industry President and Universal Power Systems CEO, Leye Kupoluyi, tells ARINZE NWAFOR how manufacturing and youth-focused businesses can drive and consolidate Nigeria’s economic growth Nigeria recently posted a 3.98 per cent GDP growth, yet lower-income citizens have seen little benefit. How can the government accelerate these gains for them? Nigeria’s...
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Gold rally boosts Ghana & Zimbabwe currencies in 2025

02.01.2026
The historic gains of gold in 2025 have resulted in record gains for the Ghanaian and Zimbabwean currencies. According to Bloomberg, Ghana’s cedi posted a 41 per cent gain against the American dollar, the first annual gain since at least 1994, when Bloomberg began compiling the data. That made it the best performer among 144...
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Elumelu is Seplat’s largest shareholder in a $496m deal

02.01.2026
Renowned entrepreneur and philanthropist Tony Elumelu, through his investment vehicle Heirs Holdings and its subsidiary, Heirs Energies Ltd, has become the largest shareholder in Seplat Energy Plc following the acquisition of a 20.07 per cent equity stake from Establishments Maurel & Prom S.A. in a transaction valued at $496m. The deal was disclosed in a...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
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Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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