CIT Revenue Reaches N2.78 Trillion in Q2 2025
Federal government records N2.78 trillion company income tax in Q2 2025, a 40.27% quarterly increase. Financial services sector drives growth while manufacturing faces challenges.
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MAN: 37% Lending Rate Hinders Manufacturing
MAN laments 37% lending rate, says high borrowing costs hinder production and reduce competitiveness. DG Segun Ajayi-Kadir urges CBN for rate reduction.
CIT Revenue Reaches N2.78 Trillion in Q2 2025
Federal government records N2.78 trillion company income tax in Q2 2025, a 40.27% quarterly increase. Financial services sector dominates while manufacturing faces challenges.
Final Call: Apply for National Health Fellows Programme
Federal Government seeks applications for National Health Fellows Programme. Nigerians aged 25-35 with health sciences, IT, or social sciences degrees encouraged to apply before deadline.
VAT hits N2.06 trillion in Q2 2025, 7th consecutive rise
Nigeria's VAT collections surge to N2.06 trillion in Q2 2025, recording seventh consecutive quarterly growth since economic reforms. Manufacturing leads sectoral contributions with 27.19% share.
West Africa Industrial Summit Set for March 2026 in Lagos
The WA-IMT Summit in Lagos from March 3-5, 2026 will drive regional integration and sustainable industrial growth across West Africa. Join industry leaders!
Senate Confronts Nigeria's Health Funding Gap
Senate President Godswill Akpabio warns Nigeria's health funding falls critically short of commitments. The Senate moves to pass key bills, including doubling the Basic Healthcare Provision Fund, to tackle systemic crises.
German Business Confidence Falls in November 2025
German business sentiment declines to 88.1 points as companies lose faith in government reforms. Manufacturing and construction sectors hit hardest amid economic concerns.
Delta State Seeks ₦1bn BOI Loan for Industrial Growth
Delta State Government plans to secure ₦1 billion loan from Bank of Industry to accelerate industrialisation and technology-driven manufacturing. Learn how this initiative will transform the state's economy.
Manufacturers Spend N676.6bn on Power Generators
Nigerian manufacturers spent N676.6 billion on alternative energy in H1 2025 as poor power supply cripples operations. MAN warns of job losses and demands government intervention.
Nasarawa launches $400m rare earth processing plant
Nasarawa State inaugurates Africa's largest rare earth processing facility in Uke. The $400m plant will boost Nigeria's tech, energy and defense sectors. Read more about this groundbreaking investment.
Brain Health Crisis Costs Africa $54B Yearly - Experts Warn
Brain Health Initiative Nigeria urges National Assembly to integrate brain health into national policies as Africa faces $54 billion annual losses from brain disorders and productivity decline.
Nasarawa launches $400m rare earth metals plant
Nasarawa State inaugurates a $400 million rare earth and critical metals processing plant in Uke, set to create over 10,000 jobs and position Nigeria as a key player in the global tech and energy sectors.
Digital Health Revolution Faces Infrastructure Hurdles
Limited infrastructure, unreliable power and digital illiteracy slow Nigeria's digital health transformation. Legislative action needed to achieve Universal Health Coverage goals.
Health Coalition Warns of Nigeria's Dwindling Health Sector
The Health Sector Reform Coalition raises alarm over Nigeria's underfunded health system, warning of disrupted immunisation and maternal care. Urgent action is needed to stop the 'Japa' syndrome.
MAN: High Energy Costs, Taxes Hurt Niger Delta Factories
MAN highlights crippling energy costs and multiple taxes hindering Niger Delta manufacturing. The association urges a blue economy focus for sustainable industrial growth. Read more.
Samsung Plans $310 Billion AI Investment Over 5 Years
Samsung announces massive $310 billion investment to power AI expansion, including new semiconductor plants and data centers. Discover how this impacts global tech landscape.
Africa CDC Hails Nigeria's Health Reform Model
Africa CDC hails Nigeria's health sector reforms as continental model. Nigeria to pilot G20 health financing. Learn how this impacts universal health coverage.
Nigeria Baking Crisis: 80,000 Bakeries Shut Down
Nigeria's baking industry faces collapse as over 80,000 bakeries closed since 2020 due to high production costs, energy crisis, and insecurity. Learn how this affects jobs and bread prices.
Alstom's Profits Surge on Global Rail Demand
French rail giant Alstom posts a net income of €220 million in H1 2025-2026, driven by strong global demand for trains and infrastructure. Revenue growth forecast upgraded.
Kwara Tops Northern Nigeria in Health Preparedness
Kwara State emerges as Northern Nigeria's top performer in health preparedness, ranking 4th nationally. Governor AbdulRahman AbdulRazaq's administration drives remarkable progress.
AXA Mansard Introduces International Medical Plan iMED
AXA Mansard Health launches iMED, providing Nigerians with global health insurance coverage in over 11,000 hospitals worldwide including US and UK facilities.
Steel & Defence Ministries Sign Military Hardware MOU
Nigeria's Ministry of Steel Development and Ministry of Defence sign landmark agreement for military hardware production at Ajaokuta Steel Company, boosting national security and local manufacturing.
Northern Industries Back 15% Power Tariff Hike
Major northern industrial associations endorse new electricity tariff, citing long-term economic benefits despite initial cost concerns for manufacturers and households.
Beta Glass Invests ₦85M in Nigerian Communities
Leading glass and packaging manufacturer Beta Glass PLC has made significant investments in community development while generating massive economic value for Nigeria's economy through job creation and local content.
Nigeria's Health System: Ownership Confusion & Funding Gaps
Critical revelations emerge about Nigeria's fragmented health system as stakeholders identify ownership confusion and massive funding gaps threatening healthcare delivery nationwide.
Abia, Ogun Lead Nigeria Health Investment Rankings
Groundbreaking report reveals Abia and Ogun states are outpacing others in health sector investments, signaling a major shift in Nigeria's healthcare landscape. Discover how these states are setting new standards for medical infrastructure and funding.
IVM Boss: Banking Bottlenecks Hurt Nigerian Manufacturers
IVM's Managing Director Mitchell Elegbe advocates for strengthened local content policy while highlighting banking sector challenges crippling Nigerian manufacturers' competitiveness.
Imo State Revives Aluminium Company with ₦500M
Imo State Government injects ₦500 million to resuscitate the moribund Inyishi Aluminium Company, creating jobs and boosting local manufacturing in Southeast Nigeria.
Nigeria gets €6.3M EU-UNICEF health production deal
Federal Government partners with European Union and UNICEF in groundbreaking €6.3 million initiative to boost local manufacturing of essential health commodities and reduce import dependency.
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