Nigeria Revenue Service to Launch Rev360 Platform to Transform Tax Administration
The Nigeria Revenue Service (NRS) has announced plans to launch its next-generation revenue administration platform, Rev360, in a move aimed…
Category: Economy
Afreximbank profit rises to $1.15bn as assets hit N56.7trn in 2025 financial results
The African Export-Import Bank (Afreximbank) has reported strong financial results for the 2025 fiscal year, posting solid growth in profitability…
NNPCL Faces ₦210 Trillion Audit Query as Nigerian Senate Demands Full Accountability
The Nigerian Senate has intensified its oversight of the Nigerian National Petroleum Company Limited (NNPCL), demanding full accountability over an…
Nigeria Not Seeking IMF Loan — Wale Edun Dismisses Borrowing Speculation
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has firmly stated that the country is not…
N1.8tn Contractor Debt Payments in Nigeria: Reps Signal Imminent Release of Funds
There are strong indications that contractors owed by the Federal Government for capital projects may soon begin receiving payments, as…
2026 fiscal policy eases imports, tightens energy burden
Nigeria’s economy is entering 2026 with a mixed outlook as new fiscal policy measures ease import duties on essential goods,…
Nigeria Taxpayer Base Surges to 100 Million Amid Compliance Concerns Over Revenue Impact
Nigeria’s taxpayer register has expanded dramatically from 10 million to 100 million, marking one of the most significant shifts in…
Nigeria Power Crisis Deepens as 9,536MW Installed Capacity Remains Idle Amid Grid Failures
Nigeria’s electricity crisis has deepened after new data from the Nigerian Electricity Regulatory Commission (NERC) revealed that 9,536 megawatts of…
European Stocks Rise as UK GDP Surges and Iran Peace Talks Lift Market Sentiment
European stocks rose modestly on Thursday as investors reacted to stronger-than-expected UK economic growth and growing optimism around diplomatic efforts…
Snapchat to Lay Off 16% Workforce in AI-Driven Restructuring, Targets $500M Cost Savings
Snapchat’s parent company, Snap Inc., has announced plans to lay off about 16% of its global workforce, affecting roughly 1,000…
FAAC Deductions Consume 41% of N84tn Revenue in Three Years, Shrinking Nigeria’s Shared Income
Nigeria’s rising federation revenue has come with a hidden cost. Although total earnings hit about N84tn over the past three…
Naira Strengthens to N1,348/$ as U.S. Dollar Slips to Six-Week Low Amid Global Market Shift
The naira appreciated to N1,348 per dollar on Tuesday in the official foreign exchange market, marking a mild but notable…
IMF Cuts Nigeria’s 2026 Growth Forecast to 4.1% as Oil Gains Fail to Offset Global Risks
Nigeria’s economic outlook has taken a cautious turn as the International Monetary Fund (IMF) reduced the country’s 2026 growth forecast…
Nigeria Revenue Service Urged to Leverage Technology for Sustained Revenue Growth and Better Service Delivery
The Nigeria Revenue Service (NRS) has been urged to embrace technology and strengthen institutional efficiency to sustain its recent revenue…
Tinubu 2026 Budget Signing: President Set to Approve ₦68.323 Trillion Nigeria Budget Any Moment
President Bola Tinubu is expected to sign the ₦68.323 trillion 2026 national budget at any moment after it was officially…
Edun Pushes for Lower Borrowing Costs at IMF and World Bank Meetings Amid Rising Global Pressures
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, is heading into the 2026 Spring Meetings of…
Nigeria Crude Oil Production Rises to 1.38mbpd in March 2026 as OPEC Reports Modest Recovery
Nigeria’s crude oil production recorded a slight improvement in March 2026, rising to 1.38 million barrels per day (bpd), according…
UAE and India Lead Ghana Exports in 2025 as Trade Concentration Deepens
Ghana’s export earnings in 2025 were heavily dominated by a small group of international partners, with the United Arab Emirates…
Asia Markets Rise on U.S.-Iran Deal Hopes as China Export Growth Slows
Asia-Pacific markets closed mostly higher on Tuesday as investors held onto cautious optimism that a diplomatic breakthrough between the United…
Dangote Refinery Becomes Net Exporter as Nigeria Boosts Oil Exports in March
In a historic shift for Nigeria’s energy sector, the Dangote Petroleum Refinery & Petrochemicals recorded a major milestone in March…
Nigeria Targets Wealthy Lifestyle Spending to Boost Tax Revenue
Nigeria is stepping up efforts to boost public revenue by targeting wealthy individuals through a data-driven tax monitoring system that…
Global Stocks Rise as Oil Prices Dip After US-Iran Ceasefire Talks Ease Market Fears
Global financial markets ended the week on a mixed but cautiously optimistic note, as stocks rose across major indices while…
CBN Tightens Oversight of Digital Finance Platforms as Nigeria Expands Virtual Asset Regulation
The Central Bank of Nigeria (CBN) has stepped up efforts to regulate the fast-growing digital finance sector, introducing stronger oversight…
FG at final stage of 2026-2030 development plan
The Federal Government has reached the final stage of preparations for the Medium-Term National Development Plan (MTNDP 2026–2030), a key…
Cash Outside Banks Falls to N5.20 Trillion in February 2026 as Nigeria’s Liquidity Cycle Stabilizes
Nigeria’s cash held outside the banking system declined slightly in February 2026, falling by 0.058% to N5.20 trillion, as liquidity…
IMF to Cut Global Growth Outlook as U.S.-Iran Conflict Triggers Economic Uncertainty
The International Monetary Fund (IMF) is preparing to revise down its global economic growth forecast, warning that escalating tensions between…
World Bank Fuel Import Recommendation Sparks Backlash in Nigeria as Expert Cites PIA Violation
An energy economist, Ken Ife, has strongly criticised the World Bank’s recommendation that Nigeria should deepen fuel imports and further…
Federal Government Cuts Palm Oil Import Tariffs by 17% to Ease Food Prices
The Federal Government of Nigeria has reduced import tariffs on crude palm oil by 17 per cent, a move aimed…
Nigeria’s Tax Overhaul Tightens Profit Rules for Insurers, Reshapes Industry Landscape
Nigeria’s insurance industry is entering a new phase of stricter regulation as recent tax reforms redefine how companies calculate profits,…
Intra-African Trade Set to Hit $230bn by 2026 as AfCFTA Drives Growth
Intra-African trade is projected to reach $230 billion by 2026, driven largely by the accelerated implementation of the African Continental…