Real Time Financial News Website
The National Tax Policy Implementation Committee (NTPIC) has intensified efforts to ensure the effective rollout of Nigeria’s newly enacted tax laws through strategic stakeholder engagements. A recent high-level consultative session…
BUA Cement Plc has announced a $240 million investment to expand its Sokoto cement plant, introducing a modern 3-million-tonne-per-annum production line. The ambitious project underscores the company’s commitment to scaling…
During Nigerian President Bola Tinubu’s state visit to Türkiye, President Recep Tayyip Erdogan announced that his country is targeting a $5 billion trade volume with Nigeria. Speaking at a joint…
Nigerian companies have secured more than $2.5 billion worth of World Bank–financed contracts, placing the country fifth globally among beneficiaries of development procurement awarded to local suppliers. The disclosure was…
Ghana’s government successfully raised GH¢12.83 billion in its latest Treasury bill auction, surpassing expectations as investor demand for short-term government securities remained strong. The Bank of Ghana reported that total…
Nigeria’s public debt burden has escalated dramatically over the past decade, with the budget deficit soaring from N2.2 trillion in 2016 to a staggering N23.85 trillion in 2026 — a…
The United States has reversed last year’s trade deficit with Nigeria, recording a $1.45 billion goods trade surplus in the first ten months of 2025. According to the US Census…
Many Nigerian workers say the much-publicised Personal Income Tax (PIT) reforms have brought little relief to their finances, with only slight increases in take-home pay that fail to match the…
The Federal Government of Nigeria has unveiled new tax measures aimed at curbing double taxation, expanding the tax net, and promoting compliance under the country’s updated tax laws. According to…
The naira closed last week on a weaker note across Nigeria’s foreign exchange markets, as supply shortages and persistent demand pressures weighed on the local currency. Both the official and…
Nigeria has recorded a 14% increase in exports to Africa in the first half of 2025, reaching a total of N4.82 trillion, up from N4.21 trillion in the same period…
Global oil prices remained firm on Monday, trading above Nigeria’s 2026 budget benchmark of $64.85 per barrel, as supply disruptions and rising geopolitical tensions in the Middle East continued to…
The Lagos State Internal Revenue Service (LIRS) has announced plans to intensify efforts to recover unpaid taxes by enforcing its statutory powers against defaulting taxpayers through third parties, including banks,…
Nigeria’s economy is showing clear signs of recovery, driven by strategic reforms and increased investor confidence, the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, told CNN at the…
Nigeria’s sustained monetary tightening has played a key role in reducing inflation, with the Central Bank of Nigeria (CBN) confirming that its policies contributed up to 10 percentage points of…
President Bola Ahmed Tinubu has approved the commencement of commercial oil drilling at Tongeji Island in Ipokia Local Government Area of Ogun State, marking a major milestone in Nigeria’s coastal…
Nigerian ports are set to receive a major boost following a $1.2 billion investment from Denmark, announced by the Ambassador of Denmark to Nigeria, Mr. Jens Hansen. The investment, made…
The Centre for the Promotion of Private Enterprises (CPPE) has raised concerns that the proposed sugar tax on sugar-sweetened non-alcoholic beverages could seriously impact Nigeria’s manufacturing sector, employment, and overall…
The Ghana Chamber of Mines has urged the government to rethink its proposed mining fiscal framework, emphasizing the need to balance state revenue with sustainable industry growth. The Chamber highlighted…
The Centre for the Promotion of Private Enterprise (CPPE) has raised serious concerns over proposals to introduce additional taxes on sugar-sweetened non-alcoholic beverages in Nigeria. CPPE CEO Dr. Muda Yusuf…
The federal government is set to repay up to N1.03 trillion in bond maturities on January 22, 2026, marking one of the largest domestic debt obligations for the year. This…
Lagos importers are breathing a sigh of relief as cargo haulage costs at Tin Can Island and Apapa seaports have plummeted by 65.7 per cent. The sharp decline, confirmed by…
Nigeria’s economy is showing early signs of recovery as the Central Bank of Nigeria (CBN) forecasts stronger growth and easing inflation in 2026. According to the apex bank, Gross Domestic…
The International Monetary Fund (IMF) has revised Nigeria’s economic growth forecast upward to 4.4% in 2026 and 4.1% in 2027, reflecting growing confidence in the country’s macroeconomic stability. This positive…
Nigeria’s non-oil exports reached an all-time high of $6.1 billion in 2025, according to the Nigerian Export Promotion Council (NEPC), signaling the strongest performance in the sector since the council’s…
Automated teller machine (ATM) withdrawals in Nigeria surged sharply in the first half of 2025, reaching ₦36.34 trillion, according to newly released data from the Central Bank of Nigeria (CBN).…
The naira closed the week on a positive note, trading at N1,417.95 per dollar in Nigeria’s official foreign exchange market, reflecting a steady appreciation as the country’s external reserves continued…
The European Union (EU) has officially removed Nigeria and five other African countries from its list of high-risk jurisdictions for money laundering and terrorism financing, marking a significant breakthrough for…
The Nigeria Revenue Service (NRS) has dismissed circulating reports suggesting that the new Nigeria Tax Act introduced Value Added Tax (VAT) on banking services, including electronic money transfers, fees, and…
The Federal Government has clarified that Nigeria’s public debt, which now stands at N152 trillion, is largely due to improved transparency and foreign exchange adjustments rather than a surge in…