The Nigeria Employers’ Consultative Association (NECA) has announced that its 2026 Employers’ Summit will focus on critically reviewing the impact of ongoing economic reforms on various aspects such as businesses, employment, and investment.

According to the Manufacturers Association of Nigeria (MAN), commercial bank credit to Nigeria's manufacturing sector fell by 22.5% in 2025. This decline has raised concerns regarding the potential impact on industrial growth and job creation in the country.

The Manufacturers Association of Nigeria (MAN) has confirmed data from Vanguard Newspaper indicating a 22.5 percent decline in bank credit to manufacturers, amounting to N1.9 trillion. MAN expressed concerns that this decline could negatively impact industrial growth, increase unemployment, and hinder policy implementation, attributing the issue to high interest rates and policy gaps.

A dispute has arisen between the Organised Private Sector of Nigeria (OPSN) and the Nigeria Revenue Service (NRS) regarding the implementation of new tax laws. This controversy is linked to a directive from the NRS that mandates companies to file their Companies Income Tax (CIT) returns for the year 2026, according to Daily Trust.

A new report indicates that businesses that depend on recurring cost-cutting measures may jeopardize their long-term competitiveness. The findings highlight the importance of cost transformation strategies for sustainable growth.

Commercial bank credit to Nigeria's manufacturing sector has decreased by N1.92 trillion, attributed to funding gaps and high lending rates that are hindering access to finance for manufacturers, according to Punch.