Business Archives - Page 6 of 32 - Independent Digital News Network

Onitsha Traders Reopen Market as Army Warns IPOB/ESN Remnants

Commercial activity has resumed at the Onitsha Main Market after years of disruption, as traders returned amid renewed security assurances from the Nigerian Army. The move follows sustained operations against violent groups in the South-East and marks a critical test of confidence in security efforts, economic recovery, and the state’s ability to restore normalcy in one of Nigeria’s largest trading hubs.

Onitsha Main Market Reopens as Soludo Defies Sit-at-Home Order

IDNN4 months ago4 months ago0

Onitsha Main Market reopened on Monday under heavy security as Anambra State Governor Chukwuma Soludo moved to enforce economic activity despite a sit-at-home order. The decision pits state authority against disruption fears, reopening debate about governance, security enforcement, and how long traders can absorb economic paralysis in Nigeria’s major commercial hubs.

Health Minister: Prayers Won’t Fix Nigeria’s Healthcare System

IDNN4 months ago4 months ago0

Nigeria’s Health Minister has warned that faith alone cannot resolve the country’s deep healthcare challenges, arguing that structural reforms, sustained funding, and accountability are required to reverse decades of underinvestment. The remarks reopen debate on how Nigeria balances belief, policy, and evidence-based planning as pressure mounts on hospitals, health workers, and patients nationwide.

JP Morgan Backs Afreximbank Bonds After Fitch Downgrade

IDNN4 months ago4 months ago0

Investor confidence around Afreximbank bonds came into focus after JP Morgan publicly backed the lender’s debt despite a recent downgrade by Fitch Ratings. The move highlights diverging views within global markets on African development finance risks, even as rating agencies reassess exposure amid tightening global financial conditions.

Tax Laws Controversy: Reps Spokesman Rejects Ndume’s Falsification Claims

IDNN5 months ago5 months ago0

Nigeria’s tax laws controversy intensified after the House of Representatives rejected claims that newly enacted tax reforms were falsified. The rebuttal followed allegations by Senator Ali Ndume, reopening questions around legislative transparency, internal review processes and how disputes over major fiscal reforms are resolved within Nigeria’s lawmaking system.

IMF Global Growth Outlook 2026 Nigeria Ranks Among Top Contributors

IDNN5 months ago5 months ago0

Nigeria has been listed among the world’s top contributors to global economic growth in 2026, according to the International Monetary Fund. The IMF global growth outlook 2026 Nigeria projection places the country ahead of several advanced economies in the Fund’s latest ranking and underscores a wider shift toward emerging markets as the main engines of world expansion.

Nigeria’s Tax Deadline Is Closer Than It Looks — What the Annual Returns Rule Really Means

IDNN5 months ago5 months ago0

As Nigeria’s annual tax filing deadline approaches, authorities are intensifying compliance efforts, warning individuals and businesses against late submissions. The push is part of a broader reform drive to expand the tax base and improve transparency. For many taxpayers, however, confusion remains over who must file, what qualifies as compliance, and what penalties apply.

Anambra, Traders Agree on Phased Remodelling of Onitsha Main Market to Ease Disruption

IDNN5 months ago5 months ago0

The Anambra State Government and traders at Onitsha Main Market have reached an agreement on a phased remodelling plan aimed at upgrading market infrastructure while minimising disruption to business activities. The approach follows weeks of negotiation and reflects the state’s effort to balance urban renewal goals with the economic realities faced by traders.

Senate Targets March 17 for Passage of ₦58.47tn 2026 Budget, Sets Tight Review Timetable

IDNN5 months ago5 months ago0

The Nigerian Senate has fixed March 17, 2026, for the final passage of the ₦58.47 trillion federal budget, unveiling an accelerated timetable for committee scrutiny, public hearings, and engagement with key economic managers. Lawmakers say the schedule is designed to balance speed with detailed oversight as fiscal pressures and reform expectations intensify.

₦58.4 Trillion 2026 Budget Second Reading Without Debate: What Nigeria’s Silence in the House Really Means

IDNN5 months ago5 months ago0

Nigeria’s House of Representatives moved the ₦58.4 trillion 2026 budget through second reading without debate, after a closed-door meeting and brief remarks by the House Leader. The bill is now with the Appropriation Committee. This deep dive explains why “no debate” matters, what scrutiny shifts to committees, and the signals it sends ahead of 2027.