Economic Impact

MAN Sounds Alarm on Tax Stamps: Warning of Significant Economic Impact Ahead
The Manufacturers Association of Nigeria (MAN) has voiced serious concerns regarding the planned implementation of a Tax Stamp System on excisable products within the country....

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Politics Today
2 months ago2 months ago

The Manufacturers Association of Nigeria (MAN) has voiced serious concerns regarding the planned implementation of a Tax Stamp System on excisable products within the country. According to MAN, this initiative is likely to result in substantial compliance expenses, operational delays, and only marginal increases in government revenue. Segun Ajayi-Kadir, the director-general of MAN, acknowledged the...

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How Uber’s Investment in Nigeria Boosted Drivers’ Annual Earnings to ₦6.1 Billion
Uber, the renowned global mobility platform, has injected ₦34 billion into Nigeria’s local economy, significantly enhancing the annual earnings of drivers across the country to...

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Tech
2 months ago2 months ago

Uber, the renowned global mobility platform, has injected ₦34 billion into Nigeria’s local economy, significantly enhancing the annual earnings of drivers across the country to ₦6.1 billion as of 2023. This milestone was announced during the Lagos Road Mobility Summit, a collaborative event with the State Ministry of Transport aimed at fostering discussions on safer...

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Cattle Markets Closed in 7 Kwara LGAs: What This Means for Local Traders and Communities
The chairpersons of seven local government areas within Kwara South Senatorial District have mandated the immediate shutdown of all cattle markets across the district. This...

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Politics Today
2 months ago2 months ago

The chairpersons of seven local government areas within Kwara South Senatorial District have mandated the immediate shutdown of all cattle markets across the district. This directive stems from the current security challenges confronting the region, according to the council leaders. The affected local government chairmen are Abdulrasheed Yusuf (Ifelodun), Hon. Benjamin Jolayemi (Isin), Hon. Azeez...

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AgoraVisa Sounds the Alarm: Africa’s Top Talent Is Leaving Opportunities Behind
Annually, the United States grants around 140,000 employment-based immigrant visas, primarily targeting skilled professionals and entrepreneurs who contribute to business growth, research advancements, and innovation....

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Tech
2 months ago2 months ago

Annually, the United States grants around 140,000 employment-based immigrant visas, primarily targeting skilled professionals and entrepreneurs who contribute to business growth, research advancements, and innovation. Despite a significant interest from Africa, individuals from the continent receive less than 10% of these visas each year. Founded in 2024 and headquartered in Washington DC, AgoraVisa is an...

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DAPPMAN Blasts Dangote Refinery Over Controversial Petrol Price Cuts
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has expressed strong opposition to the Dangote Refinery’s recent initiative to lower petrol prices, cautioning...

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Politics Today
2 months ago2 months ago

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has expressed strong opposition to the Dangote Refinery’s recent initiative to lower petrol prices, cautioning that such a move could disrupt the stability of the fuel market. Recently, the private refinery declared that starting Monday, September 15, petrol prices would drop to N841 per litre...

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Breaking News: How the NUPENG Strike Suspension Averted a Looming Financial Crisis
The recent resolution of a potentially severe nationwide petrol supply disruption has brought immense relief to Nigerians who were bracing for a crisis. More critically,...

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Politics Today
2 months ago2 months ago

The recent resolution of a potentially severe nationwide petrol supply disruption has brought immense relief to Nigerians who were bracing for a crisis. More critically, there was a looming threat that the government’s economic agenda could be severely undermined by interruptions in the supply of the country’s key commodity, triggering widespread ripple effects across the...

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How Export Bans Could Strip Women Pickers of Their Earnings-While Boosting Processors’ Profits, Not Government Revenue
The SHEA sector significantly contributes to the overall earnings of rural households across various economic strata. It also highlights the pivotal role women play in...

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Politics Today
2 months ago2 months ago

The SHEA sector significantly contributes to the overall earnings of rural households across various economic strata. It also highlights the pivotal role women play in the gathering and processing of Shea nuts and fruits. Women, who are responsible for over 90% of Shea nut collection, gain a vital opportunity for economic advancement through this activity,...

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Africa’s $50 Billion Annual Food Import Bill: What It Means for the Continent’s Future
Africa’s $50 Billion Annual Food Import Bill: A Lost Opportunity for Local Employment Noel Mulinganya, Deputy Head of the Youth in Agricultural Business Unit at...

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Business Updates
3 months ago3 months ago

Africa’s $50 Billion Annual Food Import Bill: A Lost Opportunity for Local Employment Noel Mulinganya, Deputy Head of the Youth in Agricultural Business Unit at IITA-CGIAR, highlighted a critical economic challenge during the Africa Food System Forum (#AFSForum2025) held recently in Dakar, Senegal. He emphasized that Africa’s heavy dependence on food imports, which amount to...

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OPINION: How Nigeria’s New Tax Law Could Transform the Future of SMEs Beyond Big Business
Transforming Nigeria’s Tax Landscape: A New Dawn for SMEs In June 2025, President Bola Tinubu signed into law four pivotal tax legislations after extensive nationwide...

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Politics Today
3 months ago3 months ago

Transforming Nigeria’s Tax Landscape: A New Dawn for SMEs In June 2025, President Bola Tinubu signed into law four pivotal tax legislations after extensive nationwide consultations and debates. These reforms come at a critical juncture, addressing longstanding economic challenges since the current administration took office. Overview of the New Tax Legislation The newly enacted laws-the...

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Obi Slams Soaring Nigerian Passport Fees: Now Exceeding Minimum Wage!
Peter Obi Criticizes Federal Government Over Steep Hike in Nigerian Passport Fees Peter Obi, the Labour Party’s former presidential candidate in the 2023 general elections,...

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Politics Today
3 months ago3 months ago

Peter Obi Criticizes Federal Government Over Steep Hike in Nigerian Passport Fees Peter Obi, the Labour Party’s former presidential candidate in the 2023 general elections, has strongly condemned the recent decision by the Federal Government to raise Nigerian passport fees. He described the move as an additional strain on citizens already grappling with economic difficulties....

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