By GLEBM News The Federal Government is proposing the establishment of a National Housing Finance Authority as part of broader efforts to improve access to affordable mortgages and stimulate growth in Nigeria’s housing sector. The proposed institution is expected to strengthen housing finance by improving coordination across the mortgage ecosystem, mobilising long-term funding and expanding…
Afreximbank has completed a $5.3 million cross-border fuel transaction through its Africa Trade Gateway, marking the platform’s first energy-sector trade deal in Southern Africa. By GLEBM News The African Export-Import Bank (Afreximbank) has recorded a significant milestone in its drive to digitise intra-African trade, successfully facilitating its first energy-sector transaction in Southern Africa through its…
Nigeria’s new VAT Modification Committee begins work on a revised VAT framework aimed at boosting government revenue while protecting businesses, investment and economic growth.By GLEBM News Nigeria’s newly inaugurated Value Added Tax (VAT) Modification Committee has commenced work on one of the country’s most significant fiscal assignments, with the responsibility of reviewing the nation’s VAT…
African banks, policymakers and the African Union are pushing for a continent-wide single-digit financing facility to boost livestock investment, strengthen pastoral economies and improve food security. By Raymond Akorede African financial institutions, policymakers and development partners are advocating the creation of a continent-wide low-interest financing facility to accelerate investment in the livestock sector, describing affordable…
Nigeria’s manufacturers face rising electricity, financing and logistics costs that are weakening industrial competitiveness, the National Sugar Development Council has warned. By GLEBM News Desk Nigeria’s manufacturing sector is facing mounting pressure from soaring production costs that leave local factories struggling to compete with rivals across Asia, according to the National Sugar Development Council (NSDC)….
FirstBank has advised Nigerian SMEs to strengthen cash flow and maintain proper financial records, saying repayment capacity now carries more weight than collateral in business loan approvals. By Kikelomo D. FirstBank Nigeria has encouraged small and medium-sized enterprises (SMEs) to focus on maintaining strong cash flow and accurate financial records, saying these factors play a…
NECA, MAN, NACCIMA and other employer groups say additional pension burden could slow investment and job creation By GLEBM News Nigeria’s organised private sector has urged the Federal Government to suspend plans to increase mandatory pension contributions, warning that the proposal could place additional financial pressure on businesses already grappling with high operating costs and…
MAN says structural challenges continue to limit productivity despite ongoing economic reforms By GLEBM News The Manufacturers Association of Nigeria (MAN) has renewed calls for comprehensive structural reforms aimed at improving productivity, reducing production costs and strengthening the competitiveness of Nigeria’s manufacturing sector. The association said while recent economic reforms are intended to reposition the…
As technology transforms industries and new forms of work emerge across the world, Nigeria faces a defining challenge: can it equip its young population with the skills needed to compete in tomorrow’s economy before the opportunity slips away? By Raymond Akorede Every year, millions of young Nigerians leave school believing they have done everything society…
Government unveils policy reforms, skills initiatives and employment programmes to equip young Nigerians for opportunities in the digital and green economy By GLEBM News The Federal Ministry of Labour and Employment and the Federal Ministry of Youth Development have unveiled a series of policy reforms and skills development initiatives aimed at preparing young Nigerians for…
