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Nigeria’s new industrial policy: N105m for ailing sectors

The 2026 Appropriation Bill has budgeted a sum of N105m to aid in completing ongoing projects, including an 80 per cent-completed Nigeria Industrial Revolution Plan of 2014, which ties to the cotton-textile-garment and other ailing sectors. This funding comes on the heels of the National Industrial Policy of 2026, ARINZE NWAFOR writes The Federal Government...
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Seplat appoints Tony Elumelu as a board member

Seplat Energy Plc has announced the appointment of renowned entrepreneur and philanthropist Tony Elumelu as a Non-Executive Director on its Board, following his investment vehicle, Heirs Holdings, and its subsidiary, Heirs Energies Ltd, becoming the company’s largest shareholder with a 20.07 per cent equity stake. In a notice filed on the Nigerian Exchange Limited on...
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LCCI Urges FG to Settle N1.7tn Contractor Backlog

The Lagos Chamber of Commerce and Industry has called on the Federal Government to settle verified 2024 capital project liabilities to ease the financial distress faced by indigenous contractors. President of LCCI, Leye Kupoluyi, on Thursday, during his address on the state of the economy, held in Lagos, noted that the N1.7tn earmarked for contractor...
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YABATECH Tackles Plastic Waste with New Plastogas Hub

Yaba College of Technology has unveiled its Plastogas Hub, a plastic-to-gas and upcycling facility designed to reduce plastic waste, promote environmental sustainability and create jobs within the institution and neighbouring communities. Administrators launched the YABATECH Plastogas Hub at the college in Lagos on Wednesday, with stakeholders describing it as a model for community-driven waste management,...
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Weak governance exposes MSMEs to serious tax risks

The Centre for Enterprise Governance has stated that micro, small and medium enterprises must adopt basic governance structures to survive and grow under Nigeria’s evolving tax reform regime. In a statement, the founder of the CEG, Dr Adeyinka Hassan, said the country’s business environment is shifting towards stronger accountability, formalisation and compliance, making governance essential...
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Kaduna Customs Posts N14.6bn Revenue in Q4 2025

The Nigeria Customs Service, Kaduna Area Command, said it collected a total of N14.6bn as revenue in the last quarter of 2025. In a recent statement, the Public Relations Officer of the command, Dauda Adamu, explained that the figure increased by N3.8bn when compared to the N10.8bn collected in the same period in 2024, representing...
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CPPE Warns Nigeria Sugar Tax May Harm Local Industry

The Centre for the Promotion of Private Enterprise has urged the government and policymakers to prioritise health interventions over imposing additional taxes on sugar-sweetened beverages. It warned that a sugar tax would undermine Nigeria’s manufacturing and employment base. In a statement on Wednesday, Chief Executive Officer of Centre for the Promotion of Private Enterprise, Dr...
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CBN Treasury Bills Auction Offers N1.15tn Amid High Yields

The Central Bank of Nigeria was expected to conduct its second Treasury bills auction for January 2026 on Wednesday, offering instruments worth N1.15tn, as strong liquidity in the banking system collides with rising borrowing needs and cautious interest rate expectations. The auction would span the three standard maturities of 91 days, 182 days, and 364...
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FCCPC Cracks Down on Errant Digital Money Lenders in Nigeria

The Federal Competition and Consumer Protection Commission has commenced phased enforcement of sanctions against Digital Money Lending operators that failed to regularise their operations in line with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025. The compliance deadline for affected operators expired on Monday, January 5, 2026. In a statement on Wednesday, the...
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Parallex Bank Sponsors Future Africa Leaders Awards

Parallex Bank Plc has reaffirmed its commitment to nurturing African youth talent as it sponsored the 2025 edition of the Future Africa Leaders Awards, which recognises young Africans driving exceptional impact across their communities. In a statement on Monday, the lender said that the 2025 award edition organised by the Future Africa Leaders Foundation honoured...
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I apologise for saying no heaven without tithe – Adeboye

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

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

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...