By FIDELUS ZWANSON NIGERIA’S Federal Government (FG) has exceeded its 2025 borrowing target by ₦6.06 trillion, raising ₦17.36 trillion from domestic and foreign sources in the first ten months of the year—55.6 percent higher than the prorated limit of ₦10.9 trillion set in the Appropriation Act. Data from the Debt Management Office (DMO) and the […]
By FIDELUS ZWANSON AIR travellers in Nigeria are facing fresh fare hikes as a growing web of government-imposed levies drives up ticket costs. Beginning 1 December 2025, the Nigeria Civil Aviation Authority (NCAA) will introduce an $11.50 Advance Passenger Information System (APIS) charge on every international ticket—adding to an already long list of taxes. Passengers […]
By FRED LONGJOHN OBEH AS the yuletide shipping rush begins, Nigerian importers are set to bear a fresh ₦190.5 billion ($127 million) cost burden following the introduction of new Peak Season Surcharges (PSS) by global shipping giants Maersk Line and CMA CGM. The two leading carriers, which jointly handle about 680,000 containers bound for Nigeria […]
By OBIOMA TORI DEPOSIT Money Banks (DMBs) across Nigeria have begun implementing a 10 per cent Withholding Tax (WHT) on interest earned from short-term securities such as Treasury Bills, corporate bonds, promissory notes, and Bills of Exchange, in compliance with a recent directive from the Federal Inland Revenue Service (FIRS). The new measure, aimed at […]
By FIDELUS ZWANSON A delegation from the International Monetary Fund (IMF) led by Mr. Axel Schimmelpfennig, Assistant Director of its African Department, met with Nigeria’s Minister of Budget and Economic Planning, Senator Abubakar Bagudu, in Abuja to discuss the country’s ongoing reforms and the 2026–2030 National Development Plan. The visit was part of the IMF’s […]
By NINI NDUONOFIT-AKOH AS global oil prices continue to slide, now hovering around $64 per barrel, Nigeria’s economy faces mounting pressure due to its heavy dependence on crude exports. The Central Bank of Nigeria (CBN), under the leadership of Governor Olayemi Cardoso, has proactively introduced a series of measures aimed at cushioning the economy, maintaining […]
By OBIOMA TORI THE Major Energies Marketers Association of Nigeria (MEMAN) has called on the Federal Government to review the newly approved 15 percent ad-valorem tariff on imported petrol and diesel, describing it as excessive and potentially harmful to the economy. MEMAN Chief Executive Officer, Clement Isong, made the appeal during a webinar co-hosted by […]
By TINA TOLUTOPE THE Japan International Cooperation Agency (JICA) has trained farmers from Oyo and Lagos States in aquaponics, an innovative agricultural system that integrates fish farming (aquaculture) and vegetable cultivation (hydroponics) in a single, water-efficient setup. The training, held at the Oyo State Agribusiness Development Agency (OYSADA), is part of JICA’s ongoing […]
By IKE UZOR-NZUBECHI AFTER years of insecurity and economic lull, the real estate market in Nigeria’s South-East is roaring back to life. The once-stagnant property landscape is now witnessing a dramatic surge in land values — in some cases, by more than 100 percent — as improved security, better infrastructure, and strong diaspora remittances fuel […]