Real Time Financial News Website
Nigeria’s current account balance is set to strengthen significantly in 2026, with the Central Bank of Nigeria (CBN) projecting a surplus of $18.81 billion, equivalent to 11.16% of GDP. This…
Nigeria’s soaring debt figures are largely the result of exchange-rate revaluation of existing foreign-currency obligations rather than fresh borrowing, the Budget Office of the Federation has clarified. The federal government…
Nigeria’s private sector concluded 2025 on a strong note, driven by rising customer demand and steady business activity. The Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) rose to 53.5…
The Bank of Ghana (BoG) has unveiled new regulations for International Money Transfer Operators (IMTOs), signaling a major shift in how inward remittances are managed in the country. The updated…
After a challenging 2025 marked by consecutive quarterly declines of up to 1.25% in real growth, Nigeria’s manufacturing sector is poised for a rebound. Stakeholders, including the Manufacturers Association of…
Tension is building within Nigeria’s maritime sector following the implementation of sweeping tax reforms that took effect on Thursday, January 1, 2026, as freight forwarding practitioners raise concerns over potential…
Despite the Federal Government’s optimism over economic “gains” recorded in 2025—most notably easing inflation and improved foreign exchange stability—Nigeria’s manufacturers say the relief barely reached factory floors. For much of…
Nigeria’s oil revenue fell sharply short of government projections in the first half of 2025, recording a N16.2tn deficit despite a slight increase in crude production, according to the Budget…
The Federal Inland Revenue Service (FIRS) has officially confirmed that the National Identification Number (NIN) issued by the National Identity Management Commission (NIMC) will now automatically serve as a Tax…
Nigeria’s planned January 2026 rollout of new tax reform laws could be suspended, following allegations of alterations in the gazetted copies of the legislation. Taiwo Oyedele, Chairman of the Presidential…
Despite recent signs that Nigeria’s economy may be turning a corner, many investors are still cautious. According to Omotayo Asupoto, Chief Executive Officer of Lukefield Finance Company, the preference for…
The World Bank is expected to approve a $500 million loan for Nigeria on Friday as part of a major push to improve access to finance for micro, small, and…
The NEPAD Business Group Nigeria (NBGN) has reaffirmed its commitment to driving private sector–led economic transformation across Nigeria and the African continent, emphasizing the immense opportunities under the African Continental…
Nigeria’s business environment is set for a boost over the next six months, with confidence among businesses expected to reach 52.8 index points—one of the highest levels in recent years.…
The National Pension Commission (PenCom) has extended the deadline for pension industry recapitalisation to June 2027, moving it from the earlier target of December 2026. The adjustment gives pension fund…
The World Bank is expected to approve a $500 million loan for Nigeria today (Friday, December 19, 2025), aimed at improving access to finance for micro, small, and medium enterprises…
President Bola Tinubu has formally transmitted the Appropriation, Repeal, and Re-enactment Bill 2 of 2024 to Nigeria’s National Assembly, aiming to streamline government spending and end the practice of running…
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has applied to the Central Bank of Nigeria (CBN) for a licence to operate a microfinance bank, a move aimed…
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, engaged senior business leaders and institutional investors at the U.S.–Nigeria Executive Business Roundtable on December 15, underscoring Nigeria’s renewed…
The Nigerian Naira showed mixed movements across the foreign exchange market on Wednesday, December 17, 2025, reflecting sustained pressure as the year approaches its final weeks. Activity in both the…
Dangote Group has strengthened its economic advisory team with the appointment of renowned economist and former Central Bank of Nigeria (CBN) Director, Mahmud Hassan, as its Group Chief Economist. The…
Retail forex traders in Nigeria, known as Bureau De Change (BDC) operators, are optimistic that the Central Bank of Nigeria (CBN) will issue more operating licenses following its recent approval…
The Federal Government of Nigeria is set to give up approximately N1.4 trillion in revenue in 2026 by reducing the corporate income tax (CIT) rate from 30% to 25%, according…
Nigeria has taken another major step toward modernising its tax system as the Federal Government signed a groundbreaking cooperation agreement with France to strengthen digital tax administration and cross-border enforcement.…
The Central Bank of Nigeria has formally revoked the licences of all legacy Bureau De Change operators that failed to meet its new regulatory requirements by November 30, 2025. With…
Nigeria’s gross official foreign exchange reserves have reached a six-year high, crossing the $45 billion mark, providing a strong buffer as the country heads into 2026. FBNQuest Merchant Bank highlighted…
The Central Bank of Nigeria (CBN) has announced a renewed drive to increase agricultural lending, which currently accounts for less than five per cent of banks’ total credit. Governor Olayemi…
Nigeria’s transport sector growth decelerated to 9.87 percent in the third quarter of 2025, reflecting ongoing infrastructural challenges that continue to affect the industry’s overall performance. This represents a decline…
Nigeria has launched its most sweeping public finance overhaul since the Treasury Single Account (TSA), unveiling a unified digital revenue system that brings together TSA, GIFMIS, the Central Bank of…
Nigeria’s small and medium-sized enterprises (SMEs) are slowing spending, delaying expansion, and holding back investment as the country edges toward the January 1, 2026 rollout of a sweeping tax reform.…