Nigeria’s 15% Minimum Effective Tax Rate Reshapes Investment Strategy for Large Companies
Nigeria has officially introduced a 15 percent Minimum Effective Tax Rate (ETR) for large domestic companies and multinational enterprises, marking…
Category: Economy
Nigeria Revenue Service Sets Ambitious N40.7 Trillion Revenue Target for 2026
Nigeria Revenue Service (NRS) has unveiled an ambitious revenue target of N40.711 trillion for 2026, marking a 44% increase from…
Nigeria Records $21 Billion Capital Inflows in 10 Months as Investor Confidence Surges
Nigeria’s capital importation surged to $21 billion within the first ten months of 2025, marking a 75% increase from the…
African Families Struggle as Cost of Living Soars: Only 1 in 10 Nigerians Earn Above N1 Million
Across Africa, families are feeling the squeeze as the cost of living climbs, leaving households financially stretched and struggling to…
Nigeria’s Capital Importation Soars to $21 Billion in 10 Months of 2025, Signaling Investor Confidence
Nigeria witnessed a significant surge in capital inflows, recording approximately $21 billion in the first 10 months of 2025. This…
Nigeria Revenue Service Sets Ambitious N40.7 Trillion Target After N28.3 Trillion Record in 2025
The Nigeria Revenue Service (NRS) has announced a record-breaking revenue collection of N28.3 trillion in 2025, surpassing the agency’s target…
NEC Calls for Unity and Delivery-Focused Reforms in Nigeria’s $1 Trillion Economy Drive
Nigeria’s drive to become a $1 trillion economy took center stage yesterday as the National Economic Council (NEC) concluded its…
SEC Urges Nigerian Civil Servants to Invest in Capital Market for Wealth and Retirement Security
Nigeria’s Securities and Exchange Commission (SEC) has called on civil servants to actively engage in the capital market as a…
Nigeria Records $10.83bn Trade Surplus in 2025 Amid Rising Exports
Nigeria achieved a trade surplus of $10.83 billion in the first nine months of 2025, as exports of $44.06 billion…
World Bank Warns of Digital Job Risks Amid Weak Regulation in Developing Countries
The World Bank has issued a cautionary note about the rising trend of digital jobs, highlighting both the opportunities and…
Nigeria Must Reduce Debt Reliance, Says Wale Edun, Urges Stronger Domestic Revenue Drive
Nigeria must reduce its dependence on borrowing and build a stronger domestic revenue base to secure long-term fiscal stability, the…
CBN Approves $150,000 Weekly FX Sales to BDCs to Boost Naira Stability
The Central Bank of Nigeria (CBN) has approved the participation of licensed Bureau De Change (BDC) operators in the Nigerian…
Nigeria to Deploy 22 New Cargo Scanners by Q3 2026 to Boost Trade Modernisation
Nigeria’s trade modernisation drive is set to gain fresh momentum as the Trade Modernisation Project (TMP) Limited announced plans to…
Nigeria’s Economic Growth Slows Amid Weak Industrialisation and Job Deficit, Senate Committee Warns
Nigeria’s economic growth is facing significant headwinds as weak industrialisation, limited investment, and persistent unemployment continue to challenge the nation’s…
NCDMB Champions Africa-Wide Collaboration to Boost Oil and Gas Growth
The Nigerian Content Development and Monitoring Board (NCDMB) has called for stronger Africa-wide collaboration to drive growth in the oil…
Nigeria’s Economic Stability at Risk: CBN Warns of Excess Liquidity and 2027 Election Threats
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has raised concerns over the potential impact of excess cash in the…
Wale Edun Calls for Global Economic Reset to Empower Emerging Markets
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called for a comprehensive reset of the…
Nigeria’s 2026 Budget: N4.23 Trillion Allocated to 50 Key Capital Projects
Nigeria’s proposed 2026 federal budget outlines a bold plan to allocate N4.23 trillion to roughly 50 major capital projects, spanning…
World Bank Cuts CBN Grant to $6.8m, Approval Set for March
The World Bank has reduced a proposed grant to the Central Bank of Nigeria (CBN) from $10.50m to $6.80m, with…
How Nigeria Can Turn Gas into Power and Economic Growth – Experts Outline Path
As Nigeria observes Gas Day at NIES 2026, energy regulators and government officials are calling for decisive action to turn…
FG and IFC Partner to Boost Bankable Infrastructure and Attract Private Investment in Nigeria
The Federal Government (FG) of Nigeria has signed a landmark cooperation agreement with the International Finance Corporation (IFC) to accelerate…
Trust Deficit Threatens Nigeria Tax Reform as Citizens Link Compliance to Service Delivery
A growing trust deficit is threatening the success of Nigeria’s latest tax reform, as citizens increasingly link compliance to tangible…
Nigeria’s Business Confidence Slumps in January Amid Rising Costs and Weak Consumer Demand
Nigeria’s business environment faced mounting challenges in January 2026, as rising operational costs and weakening consumer demand slowed economic activity…
2026 Budgets: Lagos Tops As States’ Spending Jumps 45% To N37 Trillion
Nigeria’s 2026 budget cycle is shaping up to be one of the most ambitious in recent years, as proposed spending…
Cybersecurity: The Key Driver of Nigeria’s Digital Economy and Innovation
Experts in information technology have underscored that cybersecurity is vital for Nigeria’s economic growth and digital development, warning that inadequate…
FG and IFC Partner to Attract Private Investment for Nigeria’s Infrastructure Growth
The Federal Government of Nigeria has taken a major step to accelerate infrastructure development by signing a landmark cooperation agreement…
CBN PMI Hits 55.7 in January 2026, Marking 14 Months of Economic Expansion
Nigeria’s economy maintained a strong growth trajectory in January 2026, with the Central Bank of Nigeria’s (CBN) composite Purchasing Managers’…
Nigeria PMI Falls Below 50 in January as New Orders Stall
Nigeria’s private sector started 2026 on a cautious note, with the latest Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI)…
CBN Reforms and Rising Oil Prices Boost Nigeria’s FX Outlook
Nigeria’s foreign exchange environment is showing signs of a sustained recovery as reforms by the Central Bank of Nigeria (CBN)…
11 Million New Contributors Drive N4.5trn Pension Growth as Assets Hit N27.45trn
Nigeria’s pension industry recorded one of its strongest performances in 2025, with assets under management rising by about ₦4.5 trillion…