By JOANNA ILUSANMI The Growing Cost of Earning a Living FOR millions of Nigerian workers, getting to work has become an increasingly expensive part of earning a living. Transport fares, fuel prices and long commuting distances now consume significant portions of household income. Consequently, the Federal Government’s proposed ₦70,000 monthly transport allowance has triggered a […]
By TOSAN OYAKHILOME-AKAHOMEN THE Edo State Internal Revenue Service (EIRS) has sealed the premises of nine companies in Utesi community, Ikpoba-Okha Local Government Area, over alleged unpaid tax liabilities totalling ₦8.982 billion. The affected businesses include Rongtai Plastic Company Limited and eight other corporate entities, predominantly Chinese-owned firms operating in the area. The EIRS Head […]
DELTA State is preparing a leaner budget for 2027, with the government proposing to cut about ₦500 billion from the ₦1.7 trillion approved for the 2026 fiscal year. The Commissioner for Economic Planning, Mr. Sonny Akporokiamo Ekedayen, announced the plan during a consultation with traditional rulers, community leaders and civil society organisations. He said the […]
By BIMBO ADEYEMI Labour Disagrees Over Government’s ₦70,000 Transport Intervention ORGANISED labour has expressed differing views on the Federal Government’s proposed ₦70,000 monthly transport support, even as the demand for a ₦500,000 minimum wage remains on the table. The Trade Union Congress of Nigeria (TUC) has rejected the proposed intervention, arguing that temporary assistance cannot […]
By ARIT OTONG UBOK THE Akwa Ibom State Government has disbursed more than ₦2 billion to 3,496 traders across the state’s 31 local government areas as part of efforts to strengthen small businesses and stimulate economic activities. The Commissioner for Trade and Investment, Captain Inionong Ekong (rtd.), disclosed this during the 12th edition of the […]
By MELVIN KOFFA & FRED LONGJOHN OBEH THE cost of moving goods in Nigeria has become a major burden on importers, manufacturers, traders and consumers. From congested seaports to expensive road haulage and limited rail freight connections, weaknesses across the transport network continue to increase the cost of doing business. For many importers, international shipping […]
By STELLA JOHNSON OGBOVOVEH Nigeria’s $1bn Cocoa & Oil Palm Export Lifeline Faces an EU Compliance Test NIGERIA risks putting more than $1 billion in annual agricultural export earnings at risk unless it strengthens farm mapping, supply-chain traceability and production documentation for cocoa and oil palm. Stakeholders warn that weaknesses in these areas could undermine […]
By OBI DAVIES NIGERIA’S proposed $21.7 billion external borrowing programme has reignited debate over the government’s approach to financing development, managing public debt and improving living conditions. While critics question the scale of the proposed loan, Finance Minister Taiwo Oyedele insists that the country needs access to financing to build infrastructure, expand productive capacity and […]
By FIDELUS ZWANSON & OBIOMA TORI NIGERIA’S revenue figures for the second quarter of 2026 reveal a troubling gap between improved collections and the government’s budget ambitions. Gross federally collected revenue rose to ₦10 trillion, supported by stronger oil receipts and higher crude production. Yet the amount remained far below the level required to keep […]
DELTA State is set to strengthen its agricultural sector as Olam Agri prepares to establish an animal feed production plant at Ogwashi-Uku. Governor Sheriff Oborevwori has presented the company with a Certificate of Occupancy covering 99.99 hectares of land for the proposed facility. The presentation took place at Government House, Asaba, on Wednesday. The investment […]