Real Time Financial News Website
About 20 deposit money banks in Nigeria have met the Central Bank of Nigeria’s (CBN) new capital requirements under the ongoing banking recapitalisation programme, the apex bank has announced. The…
Nigeria’s headline inflation rate climbed to 15.15 per cent in December 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The…
In a decisive move to protect Nigerian investors, the Securities and Exchange Commission (SEC) has officially partnered with the Nigeria Police Force (NPF) to combat Ponzi schemes, illegal investment operations,…
Nigerian manufacturers are entering 2026 with renewed optimism, aiming to boost their sector’s contribution to the country’s Gross Domestic Product (GDP) to 10.2%, according to the Manufacturers Association of Nigeria…
Nigeria is poised for its fastest economic growth in more than ten years, according to the World Bank. The global financial institution forecasts that the country’s economy will expand by…
Fifteen Nigerian states are set to invest more than N10 trillion in infrastructure this year, marking a major push to upgrade roads, schools, hospitals, and public utilities. Analysis of the…
Nigeria and the United Arab Emirates (UAE) have officially signed a Comprehensive Economic Partnership Agreement (CEPA), signaling a major step forward in bilateral trade relations. The agreement, signed in Abu…
The National Bureau of Statistics (NBS) has announced a revision in its inflation calculation method, ahead of December’s consumer price index (CPI) release. Officials warned that last year’s CPI rebasing…
The World Bank has upgraded its outlook for Nigeria’s economy, projecting growth of 4.4 percent in 2026, a sharp increase from its earlier estimate of 3.7 percent. The revised forecast…
Nigeria is witnessing a significant boost in foreign investment, with UK investors emerging as the largest contributors in 2025. According to the Federal Ministry of Industry, Trade and Investment (FMITI),…
The Federal Government of Nigeria has launched a strategic review of tariff policies to strengthen local manufacturing, protect domestic industries, and reduce the cost of doing business. This initiative comes…
The Federal Ministry of Finance and the Ministry of Budget and Economic Planning have earmarked a combined N209.9 billion for computer software, research, and other non-tangible assets in the 2026…
Nigerian manufacturers are poised for a major boost in 2026 thanks to the implementation of the Nigeria Tax Act (NTA) 2025, which came into effect on January 1. The legislation…
Nigeria’s banks have cut loans to manufacturers and traders by N2.1 trillion in the first six months of 2025, highlighting growing financial pressures in key sectors of the economy. Loans…
Foreign exchange inflows into Nigeria’s FX market rebounded sharply in December, supported largely by increased dollar sales from the Central Bank of Nigeria (CBN), according to data released by FMDQ.…
Nigeria may be on the verge of a major fiscal turnaround as new tax laws, effective January 1, 2026, seek to overhaul the country’s long-standing revenue challenges and fragile economic…
The Federal Government has earmarked N1.7 trillion in the 2026 Appropriation Bill to settle outstanding payments owed to contractors for capital projects completed in 2024. The allocation, listed under “Provision…
The Federal Government of Nigeria has announced a review of the country’s tariff framework in a bid to strengthen industrial competitiveness and support domestic manufacturing. The move, spearheaded by the…
President Bola Tinubu has projected that Nigeria’s current account balance will climb to $18.81 billion in 2026, up from $16.94 billion in 2025, highlighting the impact of his administration’s economic…
President Bola Tinubu has praised the Nigerian Exchange Group (NGX) for surpassing the historic N100 trillion market capitalisation mark, calling it a strong signal of renewed investor confidence and economic…
Economic analysts and Bureau De Change (BDC) operators say Nigeria’s naira is well positioned for stronger gains and improved stability in 2026, driven by rising foreign exchange (FX) inflows and…
The Chairman of the National Tax Policy Implementation Committee, Joseph Tegbe, has described the Nigerian Tax Reform Acts 2025 as a landmark shift capable of reshaping the country’s economic future.…
Nigeria’s 36 states are set for a major revenue boost in 2026, as a new Value Added Tax (VAT) sharing formula under recently enacted National Tax Acts unlocks an estimated…
The naira reached a record high of N1,418.26 against the US dollar in the official foreign exchange market on Wednesday, January 7, 2026, marking its strongest level since the introduction…
Nigeria’s full implementation of sweeping tax reform laws is ushering in a new compliance era for businesses, with payroll, Value Added Tax (VAT) and Withholding Tax (WHT) emerging as the…
Nigeria’s foreign investment landscape received a significant boost in 2025, with combined foreign portfolio investment (FPI) and foreign direct investment (FDI) reaching nearly $14 billion in the first nine months…
The Nigerian Exchange (NGX) began 2026 on a high note, with investor optimism and broad-based buying lifting the equities market capitalization above the N100 trillion mark. By Monday’s close, total…
Nigerian businesses are stepping into 2026 with renewed optimism, according to the December 2025 Business Expectations Survey (BES) by the Central Bank of Nigeria. The survey shows that the aggregate…
Nigeria’s business activity continued its growth streak for the twelfth month in a row in December 2025, according to the latest NESG–Stanbic IBTC Business Confidence Monitor (BCM). While the overall…
The Federal Government has announced a major policy shift toward capital de-risking and private sector–led growth as the cornerstone of its 2026 Growth Acceleration and Investment Mobilisation Strategy. The move…