Agro-Processing Sector Needs $538m Annual Investment - LCCI   The Lagos Chamber of Commerce and Industry’s Agricultural and Allied Group has projected that increasing nationwide agro-processing capacity would require a continuous investment of $538m yearly for at least a decade. In separate...

Electricity Subsidy Bill Surges to N762bn   Electricity subsidy has increased to about N762bn in the first four months of 2025. Figures from various reports of the Nigerian Electricity Regulatory Commission (NERC) showed that the subsidy on power was approximately N178bn in...

AfDB Provides $650m Annual Economic Boost to Nigeria   The African Development Bank Group has approved a new five-year Country Strategy Paper for Nigeria, committing about $650m annually between 2025 and 2030 to drive economic transformation, build resilience, and foster broad-based...

'Tax Reform Bill Will Reshape Economy'   The President of the Chartered Institute of Taxation of Nigeria ( CITN) Mr Samuel Agbeluyi, has said that the recently drafted tax reform bill, now awaiting final assent from the National Assembly, has the...

CBN Rakes in N804bn Through Open Market Auction   The Central Bank of Nigeria (CBN) has raised a total of N804.85bn at its Open Market Operations auction conducted on Monday, April 29, 2025, as investors continued to chase high-yield securities amid...

Urea Exports Unaffected by Trump’s 14% Tariffs - Dangote   President of the Dangote Group, Aliko Dangote, said on Thursday he was “comfortable” with the effect of United States President Donald Trump’s tariffs on his company’s urea exports. He expressed confidence because...