The Manufacturers Association of Nigeria (MAN) has raised the alarm over a proposed reintroduction of the suspended 4% Free-on-Board (FOB) levy by the Nigeria Customs Service (NCS), warning that the …
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FIRS Launches Gender Desk, Pledges Gender-Responsive Budgeting and Data Reporting
The Federal Inland Revenue Service (FIRS) has launched a new Gender Desk and Women Network initiative, pledging to mainstream gender equality across its operations, including planning, budgeting, data collection, and …
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adbury Nigeria Bounces Back with N5.97bn Profit in Q1 2025
Cadbury Nigeria Plc has returned to profitability with a strong N5.97 billion profit after tax for the first quarter of 2025, marking a major turnaround from the N7.32 billion loss …
Nascon Allied Industries Plc has reported a remarkable 77 percent growth in its revenue for the first quarter of 2025. According to the company’s unaudited financial report for the period …
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GTBank hikes SMS alert fee to ₦6
Guaranty Trust Bank (GTBank) has informed its customers that there will be an increase in the fee for SMS transaction alerts, effective from Thursday, May 1, 2025. The new charge …
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IMF Tells African Governments to Focus More on Private Sector to Survive Global Economic Problems
The International Monetary Fund (IMF) has told African governments to stop depending too much on public spending and instead focus on supporting the private sector. According to the IMF, this …
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Trump’s Tariff War Shakes African Economies, Sparks Fresh Push for Trade Alternatives
The recent trade decision by United States President Donald Trump is now causing serious economic pressure across Africa. President Trump, under his “Liberation Day” trade policy, has introduced fresh tariffs …
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South Africa Maintains ‘BB-‘ Credit Rating with Stable Outlook Despite Economic Challenges
South Africa’s credit rating has been kept at ‘BB-‘ with a stable outlook by two of the world’s major credit rating agencies — Fitch Ratings and S&P Global Ratings. This …
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Tanzania Bans Food Imports from Malawi and South Africa Over Trade and Plant Health Issues
The government of Tanzania has stopped the importation of agricultural goods from both Malawi and South Africa with immediate effect. This decision was announced by the country’s Minister of Agriculture, …
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Kenya’s Inflation Hits 4.1% in April, Driven by Rising Food and Utility Prices
The inflation rate in Kenya has climbed to 4.1% in April 2025, rising from 3.6% recorded in March. This is according to new data released by the Kenya National Bureau …