The Federal Inland Revenue Service (FIRS) has directed banks, stockbrokers, and other financial institutions in Nigeria to begin deducting a 10 per cent withholding tax on interest earned from short-term …
Government Policy
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BusinessCapital MarketEconomyFinanceGovernment PolicyTaxation
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Eastern AfricaEnergyEnvironmentGovernment PolicyInfrastructureRenewable Energy
Kenya’s Clean Energy Plan Faces Funding and Implementation Hurdles
Kenya’s new National Energy Compact 2025–2030 has set out a bold agenda for the country’s energy future — targeting 100 per cent clean power, universal access to electricity, and a …
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BusinessEconomyGovernment PolicyINVESTMENTManufacturingTrade
Abia State, Abuja Chamber Invite Turkish Investors Ahead of Abia-Türkiye Investment Summit
The Abia State Government, in partnership with the Abuja Chamber of Commerce and Industry (ACCI), has called on Turkish investors to take advantage of the vast business and investment opportunities …
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EconomyGovernment PolicyHousingInfrastructureReal EstateUrban Development
FG Announces Uniform Prices for Renewed Hope Housing Estates Across Nigeria
The Federal Ministry of Housing and Urban Development has released uniform sale prices for housing units under its Renewed Hope Estate Programme nationwide. The new price structure is part of …
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EconomyGovernment PolicyInfrastructureMaritimeTransport
FG begins procurement for port modernisation outside Lagos — Oyetola
The Federal Government has started the procurement process for the modernisation of seaports outside Lagos as part of plans to promote balanced development across Nigeria’s maritime gateways and strengthen the …
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BusinessGovernment PolicyManufacturingTrade
Manufacturers Association Urges FG to Set Annual Local Content Targets in Key Sectors
The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to introduce annual local content benchmarks for public procurement across key industries such as automobiles, textiles, pharmaceuticals, and …
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DevelopmentDigital EconomyEconomyEmploymentGovernment PolicyLabourMarketsYouth Empowerment
FG Launches National Job Centre Project to Boost Employment and Labour Market Efficiency
The Federal Government has unveiled the National Job Centre Project, a nationwide initiative aimed at connecting skilled Nigerians with decent job opportunities and strengthening the country’s labour market infrastructure. The …
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BusinessEconomyFinanceGovernment PolicyLawNigeriaPublic ServicesRegulationTaxation
Nigeria’s New Tax Law Takes Effect in 2026, Sets N800,000 Income Threshold and N100 Million Turnover for Companies
Nigeria’s new tax reform law has been officially signed and will take effect from the 2026 fiscal year. The new law introduces several changes aimed at improving compliance, easing the …
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Consumer AffairsEconomyEnergyGovernment PolicyMarketsNigeriaOil & GasPetroleum
Ekpo Orders Clampdown on Cooking Gas Hoarders as Prices Double Nationwide
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has directed regulatory agencies to clamp down on marketers hoarding or exploiting consumers following the recent sharp rise in the …
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Eastern AfricaEconomyFinanceGovernment PolicyInternational Relations
IMF Team Arrives in Nairobi for Talks on New Program with Kenya
An International Monetary Fund (IMF) staff team is set to arrive in Nairobi on September 25 for a two-week mission to open discussions with Kenyan authorities on a potential new …