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.
Category : Search result: manufacturing costs
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.
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!
Izzy Ogbeide: Children Are Not Blessings From God
Controversial content creator Izzy Ogbeide faces backlash after claiming children are 'expensive subscriptions' rather than divine blessings. The mother of three's viral video ignites heated debate.
US Farmers Struggle with Tariff-Driven Cost Increases
American farmers and businesses report soaring production costs due to Trump's tariffs, contradicting White House affordability claims as Thanksgiving approaches.
NBS Reports Significant Drop in Nigerian Food Prices
NBS data reveals a welcome decline in prices of beans, garri, and maize in Nigeria for September 2025. Discover the latest food price trends and regional variations.
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.
Nigerian Family's £6,777 Monthly UK Expenses Exposed
A Nigerian woman living in the UK breaks down her family's monthly expenses totaling £6,777. Discover mortgage costs, childcare expenses and public reactions to their budget.
Speed Darlington Installs Barbed Wire After Rejecting Quote
Nigerian rapper Speed Darlington shares DIY barbed wire installation video after dismissing handyman's ₦100k quote. Netizens react to rising labor costs and DIY culture.
German Rail Project Stuttgart 21 Faces New Delay
Germany's massive Stuttgart 21 rail project faces indefinite delays due to technical issues, with costs doubling to €11 billion. Discover the infrastructure challenges plaguing Europe's largest economy.
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.
Hidden Mental Health Burden in Older Adults Exposed
Ghanaian economist Michael Somuah's research reveals untreated psychological distress in older adults with functional limitations costs healthcare systems billions. Discover proactive solutions.
Build-to-Sell Strategy Takes Over Nigerian Property Market
Nigerian developers shift to build-to-sell model amid rising construction costs and economic volatility. Learn how this affects housing affordability and market dynamics.
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.
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.
US stops penny production after 232 years
The United States has minted its last circulating penny, ending 232 years of production. Discover why this cost-saving move matters and what happens next to your coins.
Cooking Gas Prices Drop by Over N900 per Kg
Nigerians celebrate as cooking gas prices drop significantly, with marketers promising further reductions ahead of festive season. Major suppliers including NNPCL slash prices.
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.
Redeemer's University 2025 School Fees Breakdown
Complete guide to Redeemer's University school fees for 2025/2026 session. Learn payment procedures and costs for all courses including Law, Nursing, and Engineering.
High Taxes Threaten Nigerian Airlines' Survival
Aviation specialists sound alarm over multiple taxation threatening airline survival in Nigeria. Discover how high operational costs are pushing carriers toward collapse.
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.
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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