Renewable Energy Adoption to Save Nigeria $121bn - Tegbe
The Federal Government has said Nigeria stands to save $121bn in fuel costs by transitioning to a power generation mix comprising 90 per cent renewable energy, describing the projected savings as a major economic benefit for...
'Nigeria Needs More Taxpayers, Not Higher Taxes'
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on Thursday said Nigeria’s revenue challenge lies in expanding the tax net rather than increasing tax rates, stressing that the country needs more taxpayers, not higher...
In Three Months, Manufacturing Sector Remits N330bn in VAT
Nigeria’s manufacturing sector remitted a record N329.59bn in Value Added Tax in the first quarter of 2026, the highest quarterly VAT contribution by the sector in four years and the largest share recorded by any economic...
Manufacturing Credit Drops by N1.92trn as Funding Gaps Widen
The Manufacturers Association of Nigeria (MAN) has blamed the sharp decline in credit to the manufacturing sector on the Federal Government’s failure to implement the promised N1tn Manufacturing Stabilisation Fund, high lending rates, structural bureaucracy and...
FG Sets N200bn Capital Target for New Cooperative Bank
The Federal Government on Thursday unveiled plans to raise N200bn in share capital for a proposed Cooperative Bank of Nigeria as part of efforts to strengthen financial inclusion, support farmers, artisans and small businesses, and reposition...
