Real Time Financial News Website
The Presidential Fiscal Policy and Tax Reforms Committee has dismissed circulating claims of a 25 per cent tax on building materials, construction funds, bank balances, or business expenses as false…
The Nigeria Revenue Service (NRS) is introducing a major digital shift for medium-sized enterprises with its new E-Invoicing & Electronic Fiscal System (EFS), also called the Merchant Buyer Solution (MBS).…
Dangote Group has taken a major step to accelerate its industrial ambitions, signing a $400 million agreement with China’s XCMG Construction Machinery Co., Ltd. to acquire state-of-the-art construction equipment. The…
As the Central Bank of Nigeria prepares for its 304th Monetary Policy Committee (MPC) meeting on February 23–24, 2026, a new survey shows that most citizens are calling for cheaper…
Stakeholders at the 47th Kaduna International Trade Fair received a clear message about Nigeria’s industrial future as the Dangote Group reinforced its commitment to local production and value addition. Representing…
Nigeria’s capital importation surged to a six-year high, attracting a total of $16.7 billion in the first nine months of 2025, according to the latest data from the National Bureau…
Nigeria tax reforms will play a central role in modernising the economy and strengthening public finances, according to Iyabo Masha, Director of the Intergovernmental Group of Twenty-Four on International Monetary…
Nigeria may be on the verge of easing its high interest rates as improved foreign exchange (FX) liquidity strengthens investor confidence and stabilizes local markets, according to Quest Merchant Bank.…
The World Bank has applauded the Central Bank of Nigeria’s (CBN) ongoing banking sector recapitalisation, calling it a crucial step to strengthen financial system stability and position banks to fuel…
Nigeria has officially introduced a 15 percent Minimum Effective Tax Rate (ETR) for large domestic companies and multinational enterprises, marking a significant shift in the country’s corporate tax landscape. Under…
Nigeria Revenue Service (NRS) has unveiled an ambitious revenue target of N40.711 trillion for 2026, marking a 44% increase from the N28.289 trillion collected in 2025. The projection reflects the…
Nigeria’s capital importation surged to $21 billion within the first ten months of 2025, marking a 75% increase from the $12 billion recorded in the same period last year. The…
Across Africa, families are feeling the squeeze as the cost of living climbs, leaving households financially stretched and struggling to make ends meet. A new Risevest Cost of Living Report…
Nigeria witnessed a significant surge in capital inflows, recording approximately $21 billion in the first 10 months of 2025. This marks a sharp increase from about $12 billion in 2024…
The Nigeria Revenue Service (NRS) has announced a record-breaking revenue collection of N28.3 trillion in 2025, surpassing the agency’s target of N25.2 trillion. The achievement was revealed by Amina Ado…
Nigeria’s drive to become a $1 trillion economy took center stage yesterday as the National Economic Council (NEC) concluded its second annual conference in Abuja, emphasizing the need for delivery-driven…
Nigeria’s Securities and Exchange Commission (SEC) has called on civil servants to actively engage in the capital market as a means of building wealth, securing retirement, and contributing to national…
Nigeria achieved a trade surplus of $10.83 billion in the first nine months of 2025, as exports of $44.06 billion outpaced imports totaling $33.23 billion, according to the Central Bank…
The World Bank has issued a cautionary note about the rising trend of digital jobs, highlighting both the opportunities and risks for workers in developing countries. While online platforms are…
Nigeria must reduce its dependence on borrowing and build a stronger domestic revenue base to secure long-term fiscal stability, the Minister of Finance and Coordinating Minister of the Economy, Wale…
The Central Bank of Nigeria (CBN) has approved the participation of licensed Bureau De Change (BDC) operators in the Nigerian Foreign Exchange Market (NFEM), allowing each operator to purchase up…
Nigeria’s trade modernisation drive is set to gain fresh momentum as the Trade Modernisation Project (TMP) Limited announced plans to deploy 22 additional cargo scanners across the country’s ports before…
Nigeria’s economic growth is facing significant headwinds as weak industrialisation, limited investment, and persistent unemployment continue to challenge the nation’s development, the Senate Committee on Trade, Investment, and Industry and…
The Nigerian Content Development and Monitoring Board (NCDMB) has called for stronger Africa-wide collaboration to drive growth in the oil and gas sector. Speaking at the 2026 AfCFTA Summit in…
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has raised concerns over the potential impact of excess cash in the financial system and the 2027 election cycle on Nigeria’s economic…
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called for a comprehensive reset of the global economic order to better reflect the realities and priorities…
Nigeria’s proposed 2026 federal budget outlines a bold plan to allocate N4.23 trillion to roughly 50 major capital projects, spanning eight federal ministries. According to data compiled by BudgIT Nigeria…
The World Bank has reduced a proposed grant to the Central Bank of Nigeria (CBN) from $10.50m to $6.80m, with board consideration for the project now scheduled for March 27,…
As Nigeria observes Gas Day at NIES 2026, energy regulators and government officials are calling for decisive action to turn the nation’s abundant gas reserves into reliable electricity, industrial growth,…
The Federal Government (FG) of Nigeria has signed a landmark cooperation agreement with the International Finance Corporation (IFC) to accelerate the delivery of bankable infrastructure projects and mobilise private capital…