In a country where political symbolism is as potent as any manifesto, El-Bee Halan chose an unusual canvas for his convictions: the gleaming flanks of a Mercedes-Benz G-Wagon.

Pokud hledáte zábavu a vzrušení, návštěva herny u dedka může být skvělou volbou. Tento koncept nabízí jedinečnou atmosféru plnou...

More women are navigating into the agricultural system, breaking barriers and reshaping what was once considered a male-dominated space. From poultry to crop farming and other agricultural ventures, Nigerian women—many of them graduates—are not only participating but excelling.

One such institution leveraging this shift is the Central Bank of Nigeria (CBN), which has transformed its approach to public relations.

Nigeria’s cash liquidity cycle showed signs of normalisation in February 2026, as currency held outside banks fell slightly by 0.058% to ₦5.20 trillion, reflecting easing demand for physical cash after the year-end spending surge. 

IMF to Downgrade Global Economic Growth Project as U.S.-Iran Conflict Lingers The International Monetary Fund (IMF) says it will downgrade global growth projections as escalating tensions between the United States and Iran continue to disrupt economic activity and delay a return to pre-war price levels. IMF Managing Director Kristalina Georgieva said the conflict is creating “asymmetric shocks” across economies, warning that prices will not quickly return to pre-war levels. “We are going to have a downgrade, and the size of this downgrade will depend on duration and speed with which everything can come back to the same level of production,” she explained. She noted that even if a ceasefire holds, recovery will be uneven, with some regions stabilising faster than others, prolonging inflationary pressures and complicating central bank responses. Concerns deepened after President Donald Trump announced a full naval blockade of the Strait of Hormuz, a critical oil shipping route, raising fears of fresh supply disruptions and volatility in global markets. Trump said the blockade was necessary after talks with Iran in Pakistan failed, citing Tehran’s refusal to abandon its nuclear ambitions. “Effective immediately, the United States Navy… will begin the process of blockading any and all ships trying to enter or leave the Strait of Hormuz,” he declared. The move has cast doubt on the sustainability of last week’s ceasefire and dimmed hopes for a lasting resolution, with analysts warning of further energy price spikes. Earlier, the World Bank cut its 2026 growth forecast for Sub-Saharan Africa by 0.3 percentage points to 4.1%, citing rising fuel and fertilizer costs and heavy debt burdens linked to the Iran war. Global policymakers now fear the conflict could derail fragile recovery efforts, particularly in emerging markets already struggling with high costs and supply chain disruptions.

Tax Reform Committee Denies Oyedele Admitted Errors The Presidential Fiscal Policy and Tax Reforms Committee has denied reports that Minister of State for Finance Taiwo Oyedele admitted errors in Nigeria’s new tax laws, describing such claims as misleading. In a statement shared on Oyedele’s X account, the Committee said media reports had misrepresented his remarks, wrongly framing them as an admission of faults. “Our attention has been drawn to misleading media reports… falsely alleging that he urged Nigerians to await the outcome of a legislative probe,” the Committee noted. It clarified that the legislative process had already been concluded, with gazetted copies certified and published since January 2026. The Committee warned that such misinterpretations risk confusing the public and undermining the intent of the reforms. Oyedele, who chairs the Committee, had spoken at the 2026 NBA Section on Legal Practice Conference, explaining that the reforms were designed to correct structural inefficiencies. “Under the old system, an individual could pay about 19% tax, but registering the same business as a company pushed the burden above 40%—the opposite of global best practice,” he said. He acknowledged that continuous improvements are part of any reform process but stressed this should not be interpreted as admitting errors in the laws themselves. The Committee highlighted early successes, including a surge in tax registration and business formalisation. It said the number of individuals captured in the tax net has risen from fewer than 10 million to over 100 million, while thousands of informal businesses are registering daily. Key features of the reforms include exemptions for small companies, higher thresholds for low-income earners, tax relief on essentials like food, healthcare, education, transport, and rent, as well as the creation of a Tax Ombud to protect taxpayer rights. The Committee emphasised that legislative updates through finance bills are part of standard continuous improvement, not evidence of fundamental flaws, and reaffirmed that the reforms aim to boost revenue mobilisation and reduce reliance on oil earnings.

The Crude Oil Refiners Association of Nigeria (CORAN) has rejected claims that imported petrol is cheaper than locally refined fuel, arguing that the difference stems from quality disparities rather than efficiency.  

The World Bank has raised concerns over weaknesses in Nigeria’s public finance management, warning that gaps in treasury operations and reporting are undermining fiscal transparency.

The Minister of Power, Adebayo Adelabu, says electricity generation improved between March 28 and April 10, 2026, following increased gas supply to thermal plants.

Passengers at Murtala Muhammed Airport Terminal Two (MMA2) have expressed outrage over a sharp increase in parking tariffs introduced by Bi-Courtney Aviation Services Limited.

Sugar Production : You must Deliver 600,000MT in 2030 - FG Tells Dangote Sugar The Minister of State for Industry,...