The National Bureau of Statistics (NBS) said Nigeria’s headline inflation dropped marginally to 15.91 per cent in the month of June. Its June Consumer Price Index Report (CPI) stressed that the figure was a 0.2 pe rcent reduction from the 15.93 per cent recorded in the preceding month. It went to state that the June’s…
Manufacturers in Nigeria have lamented that commercial bank credit allocation to the sector contracted by N1.92 trillion from N8.53 trillion in December 2024 to N6.61 trillion in December 2025, representing a significant year-on-year contraction of -22.5 per cent. Acting under the aegis of the Manufacturers Association of Nigeria (MAN), the group described the situation as…
The Federal Inland Revenue Service (FIRS) has clarified that the National Identification Number (NIN) issued by the National Identity Management Commission (NIMC) has automatically become the Tax Identification Number (Tax ID) for individual Nigerians under the new tax framework. NIN is a unique number issued by NIMC. Data released by the National Identity Management Commission…
