…Mbah: We’ll build agriculture-driven economy …SEDC: Partnership to unlock South-East’s agricultural potential The Enugu State Government and the South East Development Commission (SEDC) have signed a Memorandum of Understanding (MoU) on the South East Agro Development Programme, marking a major step towards transforming agriculture into a catalyst for economic growth, industrialisation, and food security across … [Read more…]
The Federal Government has issued the General Guidelines for the implementation of the Tax Acts 2025, setting out the process for transition from the repealed tax laws to the new tax framework effective from January 1, 2026. Issued by the Federal Ministry of Finance, the Guidelines provide direction to taxpayers, tax practitioners, revenue authorities and … [Read more…]
Dangote Refinery has lowered its gantry price for petrol to N1,175 per litre, a move industry analysts say will put downward pressure on pump prices across Nigeria; marketers and fuel dealers are expected to revise their margins and retail prices in the coming days, potentially easing the cost burden on motorists who have faced months … [Read more…]
The Enugu State Government has hosted the Presidential Enabling Business Environment Council (PEBEC) Nationwide Townhall and Stakeholders Engagement as part of efforts to strengthen business reforms and improve the investment climate in the state. The event, organised by the Ministry of Trade, Investment and Industry in collaboration with the Enugu State Investment Development Authority (ESIDA), … [Read more…]
The Enugu State Government through Ministry of Trade, Investment and Industry in conjunction with the Enugu State Investment Development Authority (ESIDA), has announced plans to host the Presidential Enabling Business Environment Council (PEBEC) Nationwide Town Hall and Stakeholders’ Engagement. The event is scheduled for today, Wednesday, June 3, 2026, at Hotel Presidential, Enugu. According to … [Read more…]
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Wednesday retained the benchmark interest rate at 26.5 per cent. CBN Governor Olayemi Cardoso announced the decision at the conclusion of the bank’s two-day MPC 305th meeting, held from 19 to 20 May in Abuja. The decision comes after the central bank … [Read more…]
Nigeria’s headline inflation rate rose to 15.69 per cent in April 2026, up from 15.38 per cent recorded in March, reflecting a 0.31 percentage point increase, according to the National Bureau of Statistics (NBS). According to the data released on Friday, Consumer Price Index (CPI) stood at 138.3 in April, marking a 2.9-point increase from … [Read more…]
Central Bank of Nigeria (CBN) on Tuesday warned members of the public against fraudulent messages, emails and online communications falsely claiming to originate from the apex bank. The bank said the fake messages were designed to mislead the public and, in some cases, gain unauthorised access to personal accounts through malicious links and deceptive online … [Read more…]
Nigerian airlines have threatened to suspend operations nationwide from April 20, 2026, following a sharp surge in Jet A1 prices that has pushed aviation fuel above N3,000 per litre. The development was reported by Channels TV on Wednesday, citing a letter from the Airline Operators of Nigeria (AON) to the Major Energies Marketers Association of … [Read more…]
Nigeria’s total public debt rose by N14.61 trillion year-on-year to N159.28 trillion as of December 31, 2025, according to the latest data released by the Debt Management Office (DMO). The figures show that the country’s debt stock increased from N144.67 trillion recorded in December 2024, representing a 10.1% rise over the one-year period. In dollar … [Read more…]
The Enugu MSME & Startup Agency (Enugu SME Center) has called on youths, women, artisans, creatives, and entrepreneurs to participate in a nationwide upskilling programme aimed at improving employability and economic inclusion. The initiative, part of the Renewed Hope agenda of President Bola Ahmed Tinubu and aligned with the human capital development drive of Governor … [Read more…]
…NGX, UBA affirm Enugu’s positioning as an emerging investors’ haven … Tinubu’s economic reforms most significant in decades – Mbah Governor of Enugu State, Dr. Peter Mbah, has ignited foreign investors’ interest in the state with prospective investors expressing the readiness to immediately key into opportunities across various sectors of the state’s economy. Mbah said … [Read more…]