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Business & Economy

242 posts in this category.

Ogun Proposes ₦1.67trn Budget For 2026, Boosts Capital Spending

The Ogun State Government has unveiled a proposed budget of ₦1.668 trillion for the 2026 fiscal year — a 63% increase from the 2025 budget of ₦1.054 trillion. Presenting the Appropriation Bill, tagged “Budget of Sustainable Legacy,” to the State House of Assembly in Abeokuta, Governor Dapo Abiodun said the proposal allocates ₦624.76 billion (37%)…

Ogun Govt Restates Commitment To Strengthen Security For Farmers, Herder

The Ogun State Government has restated its commitment to improving security for farmers, herders, and livestock producers in order to protect food production and keep rural communities safe. This assurance was given by the Commissioner for Agriculture and Food Security, Bolu Owotomo, during a stakeholders’ meeting held on Monday at the Department of Veterinary Services…

Ogun Msmes Lament: Multiple Taxes And Loan Hurdles Crippling Businesses

Vendors in the Micro, Small and Medium Enterprises (MSME) sector in Ogun State say their businesses are being pushed to the brink due to the difficulty of accessing loans from financial institutions. Many of them struggle with demands for heavy collateral, poor credit records, and high interest rates, which make borrowing almost impossible. They also…

13 African Startups Led By Women That Secured More Than $1 Million In 2025

African female startup founders stepped into 2025 with the same strong determination that has always helped them stay active in the continent’s tech industry. Even though they work in markets where investors are sometimes unsure and funding is hard to get, these women still managed to secure important investments. Their achievements were quiet but steady,…

Firs: Small Businesses Must Still File Full Tax Returns Despite Zero Tax From 2026

The Federal Inland Revenue Service (FIRS) has announced that beginning in 2026, small businesses will continue to complete full tax computations and file returns, even though they will not be required to pay income tax. Speaking during a webinar, FIRS Deputy Director Kehinde Kajesomo said the process will still involve calculating assessable profits, deducting capital…

Labour Minister Seals Two Factories Over Safety Violations, Says “jobs Must Never Take Lives”

Minister of State for Labour and Employment, Nkeiruka Onyejeocha, on Monday shut down two factories in Ogun State over what she described as “hazardous, dehumanising and completely unacceptable” violations of Occupational Safety and Health (OSH) standards. The affected companies — True Metals Nigeria Limited, a battery-recycling plant, and Phoenix Steel Mills Limited — are both…

Ogun Names Fashion Icon Labode As Aare Of Egbaland

The Ogun State Government has appointed businessman and culture expert Balogun Lai Labode as the new Aare of Egbaland. His appointment represents a new effort to promote unity, revive culture, and support development in the Egba community. At a time when many communities are looking for identity and strong leadership, his selection provides clear direction.…

Foundation Awards $180,000 To Support Young Entrepreneurs

The Mary Ojulary Foundation has announced that its financial support for young Nigerian entrepreneurs has now reached $180,000, disbursed in two phases under its mission to strengthen small businesses across the country. Speaking at the award ceremony for the second cohort of the Vanguard Fellowship Initiative in Lagos, Founder Mary Ojulary said the foundation was…

Editorial: Ibedc Must Not Shift Its Responsibility To The People

Ibadan Electrical Distribution Comapny (IBEDC) must not shift its responsibility to the people of Ijagun Road For more than two weeks, residents of the Ijagun Road community in Ijebu Ode have lived in total darkness. A vandalized 150mm x 4-core electricity cable has thrown the entire community into a blackout that has disrupted daily life,…