Economy
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Nigeria’s tax reforms incomplete without corporate tax cuts — Oyedele
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has stated Nigeria’s tax reforms remain incomplete without cutting corporate tax rates and addressing regulatory overreach. He made this known in a lecture titled ‘Designing Tomorrow: Policy Blueprint and Lessons for the Future’, shared on X to mark his 50th birthday. Oyedele’s remarks come ten days after…
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Equities market ends mixed week as market cap sheds N244bn on Notore delisting
The Nigerian equities market closed the week on a mixed note, with the NGX All-Share Index (ASI) eking out a marginal gain of 0.01per cent to settle at 120,989.66 basis points, even as the overall market capitalization contracted by N244 billion to N76.34 trillion. The contraction was primarily triggered by the delisting of Notore Chemical Industries Plc from the Nigerian…
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PHOTO NEWS: Bagudu meets D8 OEC officials in Azerbaijan
As part of his bilateral engagements at the ongoing 17th Summit of the Economic Cooperation Organisation in Khankhendi, Azerbaijan, the Minister of Budget and Economic Planning, Senator Abubakar Bagudu, on Friday met with officials of the D8 Organisation for Economic Co-operation. The D8 OEC is committed to fostering economic relations among its member states, including Bangladesh, Egypt, Indonesia, Iran, Malaysia,…
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9mobile, MTN seal national roaming deal for nationwide coverage
9mobile has confirmed a national roaming agreement with MTN Nigeria, with a full nationwide rollout of the service expected in July 2025. The deal, signed with Emerging Markets Telecommunications Services Limited, will allow 9mobile subscribers to use MTN’s extensive network infrastructure across the country. Speaking at a press briefing, 9mobile CEO Obafemi Banigbe said the company is currently testing the…
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NADF unveils digital monitoring platform for N19.5bn AgGrow Farm Support Programme
By Kunle Sanni – The National Agricultural Development Fund (NADF) has launched a digital Monitoring and Evaluation (M&E) platform to oversee its N19.5 billion AgGrow Farm Support Programme, aimed at enhancing productivity and transparency in Nigeria’s agricultural sector. Unveiled on Tuesday in Abuja, the platform is designed to track the distribution and impact of subsidised farm inputs—such as seeds, fertilisers,…
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GTBank to raise $100m selling shares in LSE
Guaranty Trust Holding Co., the parent company of Nigeria’s biggest lender by market value, will list in the London Stock Exchange (LSE) after raising $100 million in a share sale, it said in a regulatory filing. GTCO is selling shares to institutional and qualified investors as part of an ongoing effort to recapitalize its main subsidiary, Guaranty Trust Bank Plc.…
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PHOTO NEWS: Bagudu represents Tinubu at 17th ECO summit in Azerbaijan
Minister of Budget and Economic Planning, Senator Abubakar Bagudu, arrived in Baku, Azerbaijan, on Tuesday to represent President Bola Tinubu at the 17th Summit of the Economic Cooperation Organisation (ECO), which begins on Thursday in Khankhendi. The Minstry on X noted that Bagudu was received by the Advisor to the Minister of Economy of Azerbaijan, Mr Asgar Alakbrov, and the…
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Shettima urges transparency, national interest in privatization deals
By Kunle Sanni – Vice President Kashim Shettima has called on members of the National Council on Privatization (NCP) to place national interest above all else in managing the country’s privatization efforts, stressing the need for transparency, accountability, and rigorous legal oversight. Speaking at the council’s second meeting of 2025, held Wednesday at the Presidential Villa in Abuja, Shettima warned…
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Nigeria begins deployment of experts to OECS, signs manpower deal with Saint Lucia
By Kunle Sanni – Nigeria has officially launched a new technical assistance initiative in the Caribbean with the signing of a bilateral agreement with Saint Lucia. According to a statement by Bayo Onanuga, Spokesperson to the President, the agreement—focused on deploying skilled Nigerian professionals to the island nation—was signed in Castries on Wednesday. The accord was signed by Hon. Yusuf…
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Equities market gains N379bn over investors buying interest in NAHCO, 60 others
The Nigerian equities market on Wednesday closed N379 billion higher as investor interests in Nigerian Aviation Handling Company (NAHCO) Plc and 60 others pushed the broader index into positive terrain. The Nigerian Exchange Limited All-Share Index (NGX ASI) rose by 598.67 per cent, representing a gain of 0.50 per cent, to close at 120,339.90 points. Similarly, the overall market capitalisation…
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