CBN Survey: Multiple Taxation Still Weighs on Nigerian Businesses Despite Economic Reforms
A new CBN survey says multiple taxation remains a major obstacle for Nigerian businesses, with firms citing overlapping levies, high financing costs and inflation as key constraints on growth. By GLEBM News Desk A new survey by the Central Bank of Nigeria (CBN) has identified multiple taxation as one of the biggest challenges facing businesses,…
Paystack Expands SME Support with New Business Growth Programme for Nigerian Entrepreneurs
Paystack has launched the Small Business Launchpad, a four-week programme designed to help Nigerian SMEs strengthen operations, improve cash flow management and accelerate business growth through practical training and expert mentorship. By GLEBM News Desk Paystack has introduced a new business development initiative aimed at equipping Nigerian small and medium-sized enterprises (SMEs) with practical skills…
ILO Launches Africa Forum to Expand Jobs and Economic Opportunities for Displaced Communities
The ILO has launched the PROSPECTS Africa Forum to promote decent work, skills development and employment opportunities for refugees, internally displaced persons and host communities across Africa. By GLEBM News The International Labour Organization (ILO) has launched a new continental forum aimed at strengthening employment opportunities and economic inclusion for refugees, internally displaced persons (IDPs)…
Nigeria’s Vehicle Imports from U.S. Rise 41% to $602 Million in Five Months
Nigeria imported $602 million worth of vehicles and automotive parts from the United States between January and May 2026, reflecting rising demand despite economic and foreign exchange challenges. By GLEBM News Desk Nigeria’s imports of motor vehicles and automotive parts from the United States climbed sharply during the first five months of 2026, highlighting sustained…
FG Rules Out Electricity Tariff Increase, Targets Better Power Supply and Nationwide Metering
The Federal Government says there are no immediate plans to increase electricity tariffs, as it focuses on improving power supply, expanding nationwide metering and strengthening Nigeria’s electricity infrastructure. The Federal Government has dismissed reports suggesting an imminent increase in electricity tariffs, assuring Nigerians that its immediate priority is to improve power supply, expand access to…
NNPC Posts ₦535bn June Profit as Revenue Climbs to ₦4.39tn
NNPC Limited recorded a ₦535 billion profit after tax in June 2026 as monthly revenue rose to ₦4.39 trillion, reflecting stronger operational performance and improved financial results. By GLEBM News Desk The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reported a Profit After Tax (PAT) of ₦535 billion for June 2026, marking a 15.8…
MTN Nigeria Posts ₦707.5bn Half-Year Profit, Declares ₦26 Interim Dividend
MTN Nigeria recorded a ₦707.5 billion half-year profit for 2026 and declared a ₦26 interim dividend as strong data revenue and customer demand drove growth despite economic headwinds. By GLEBM News Desk MTN Nigeria has reported a strong financial performance for the first half of 2026, posting a profit after tax of ₦707.5 billion, a…
“Economic Reforms Are Working, But Businesses Are Yet to Feel the Full Benefits” — NECA DG
By Shirley Murphy | GLEBM News Nigeria’s economic reforms are beginning to produce encouraging macroeconomic indicators, but the gains have yet to translate into meaningful relief for businesses operating on the frontlines of the economy, according to the Director-General of the Nigeria Employers’ Consultative Association (NECA), Adewale Oyerinde. In this exclusive interview with GLEBM News,…
ILO Backs BRICS Agenda on Social Protection, Women’s Employment and Future-Ready Labour Markets
Labour ministers endorse new cooperation framework to strengthen skills development, formal employment and worker protection across BRICS nations By GLEBM News The International Labour Organization (ILO) has endorsed a new labour and employment agenda adopted by BRICS countries, describing it as a significant step towards expanding social protection, increasing women’s participation in the workforce and…
Zambia, Japan, ILO Partner to Turn E-Waste into Green Jobs for Youth
New initiative targets youth unemployment, environmental protection and inclusive economic growth through sustainable electronic waste management By GLEBM News The Governments of Zambia and Japan, in partnership with the International Labour Organization (ILO), have launched a new initiative aimed at transforming electronic waste into a source of employment and economic opportunity for young people while…
