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Category: Economy

Business Economy headline

EFCC warns Banks against unsecured loans in Lagos

Iheanyi Ejiofor April 13, 2026 No Comments #EFCC #Unsecured loans #Banks

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC,  Mr. Ola Olukoyede, has cautioned Nigerian banks against granting loans without credible collateral, warning that such practices often lead…

Read More EFCC warns Banks against unsecured loans in Lagos
Business Economy headline

Nigeria’s economy on shock, says Edun

Iheanyi Ejiofor April 13, 2026 No Comments #Nigeria's economy #Middle East Crisis

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Monday said that Nigeria’s economy is in shock, as global countries swim in the fallouts of ongoing crisis…

Read More Nigeria’s economy on shock, says Edun
Business Economy headline

FG waives import duties on mass transit buses, EVs, others

Iheanyi Ejiofor April 13, 2026 No Comments #Import duties #mass transit buses #EVs

The Federal Government has granted a waiver on import duties for mass transit buses, electric vehicles, and manufacturing machinery. The development followed President Bola Ahmed Tinubu’s directive to key economic…

Read More FG waives import duties on mass transit buses, EVs, others
Business Economy headline

US launch naval blockade of Iranian ports as oil prices spike

Iheanyi Ejiofor April 12, 2026 No Comments #U.S #naval blockade #Iranian ports #oil prices #Strai of Hormuz

U.S. forces will begin implementing a maritime blockade of Iranian ports on Monday, according to a statement from U.S. Central Command (CENTCOM). In a post on X, CENTCOM said the operation…

Read More US launch naval blockade of Iranian ports as oil prices spike
Business Economy headline

Oyedele admits errors in new tax laws, assures swift correction

Iheanyi Ejiofor April 11, 2026 No Comments #Oyedele #tax reform laws

The Minister of State for Finance, Taiwo Oyedele, has acknowledged that Nigeria’s newly introduced tax reform laws contain errors, assuring that steps are already underway to address the identified issues.…

Read More Oyedele admits errors in new tax laws, assures swift correction

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