Nigeria News Digest: August 27, 2025

The Manufacturers Association of Nigeria urged the suspension of a 4% levy on imports until December to allow an impact review and stakeholder consultations.

FCMB Group reported a 23% increase in profit before tax, driven by improved net interest income and asset yields.

Traders in Aba are resisting a ₦3.1bn levy by Governor Otti, fearing it could harm the local economy and his political future.

Nigeria's industrialization ranking is underperforming, with calls for improved power supply and transport systems to boost competitiveness.

PenCom is considering increasing investment limits for infrastructure and equity to align with long-term pension goals and diversify assets.

The NGX Group reported that President Tinubu's reforms have tripled transaction volumes and values in the capital market within two years.

Imo State Governor Hope Uzodimma approved a new minimum wage of N104,000 for civil servants, positioning the state among the highest‑paying in Nigeria, while the Imo Labour Congress hailed the increase as a victory for the workforce.

The Federal Capital Territory Internal Revenue Service issued a best‑judgment tax assessment for former Kogi Senator Godwin Olusegun Melaye covering 2023‑2024 after he failed to respond to a notice, warning that recovery proceedings will commence without further notice.