Lawmakers May Suspend January 2026 Tax Reform Over Alleged Gazetted Alterations – Oyedele
Nigeria’s planned January 2026 rollout of new tax reform laws could be suspended, following allegations of alterations in the gazetted…
Category: Economy
Why Investors Chose Dollar Over Naira Investments Despite Signs of Economic Recovery – Lukefield Finance CEO
Despite recent signs that Nigeria’s economy may be turning a corner, many investors are still cautious. According to Omotayo Asupoto,…
World Bank Set to Approve $500m Loan to Boost MSMEs in Nigeria
The World Bank is expected to approve a $500 million loan for Nigeria on Friday as part of a major…
NEPAD Reaffirms Commitment to Africa’s Trade Growth under AfCFTA
The NEPAD Business Group Nigeria (NBGN) has reaffirmed its commitment to driving private sector–led economic transformation across Nigeria and the…
CBN Survey Predicts Business Confidence in Nigeria to Hit 52.8 Points by Mid-2026
Nigeria’s business environment is set for a boost over the next six months, with confidence among businesses expected to reach…
PenCom Extends Pension Recapitalisation Deadline to June 2027
The National Pension Commission (PenCom) has extended the deadline for pension industry recapitalisation to June 2027, moving it from the…
World Bank Set to Approve $500m Loan to Boost MSME Financing in Nigeria
The World Bank is expected to approve a $500 million loan for Nigeria today (Friday, December 19, 2025), aimed at…
Tinubu Sends N43 Trillion Budget Repeal and Re-enactment Bill to National Assembly to End Multiple Budgets
President Bola Tinubu has formally transmitted the Appropriation, Repeal, and Re-enactment Bill 2 of 2024 to Nigeria’s National Assembly, aiming…
SMEDAN Seeks CBN Licence for Microfinance Bank as FG Targets One Million New Small Businesses
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has applied to the Central Bank of Nigeria (CBN) for…
CBN Governor Olayemi Cardoso Highlights Nigeria’s Economic Reforms to US Investors
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, engaged senior business leaders and institutional investors at the…
Dollar to Naira exchange rate today, December 17, 2025
The Nigerian Naira showed mixed movements across the foreign exchange market on Wednesday, December 17, 2025, reflecting sustained pressure as…
Dangote Group Appoints Ex-CBN Director Mahmud Hassan as Group Chief Economist
Dangote Group has strengthened its economic advisory team with the appointment of renowned economist and former Central Bank of Nigeria…
CBN Approves 82 BDC Licenses: Forex Traders Expect More Approvals Soon
Retail forex traders in Nigeria, known as Bureau De Change (BDC) operators, are optimistic that the Central Bank of Nigeria…
FG Set to Forfeit N1.4 Trillion in 2026 Through 5% Corporate Tax Cut to Boost Economy
The Federal Government of Nigeria is set to give up approximately N1.4 trillion in revenue in 2026 by reducing the…
Nigeria, France Seal Tax Administration Deal to Power Digital Reforms Ahead of 2026 Transition
Nigeria has taken another major step toward modernising its tax system as the Federal Government signed a groundbreaking cooperation agreement…
CBN Revokes Licences of Non-Compliant BDCs After New Rules Deadline
The Central Bank of Nigeria has formally revoked the licences of all legacy Bureau De Change operators that failed to…
Fitch Advises CBN to Proceed Cautiously on Rate Cuts Amid Strong FX Reserves
Nigeria’s gross official foreign exchange reserves have reached a six-year high, crossing the $45 billion mark, providing a strong buffer…
CBN Unveils Fresh Push to Expand Agricultural Lending as Cardoso Sets New Direction
The Central Bank of Nigeria (CBN) has announced a renewed drive to increase agricultural lending, which currently accounts for less…
Nigeria Transport Sector Growth Slows to 9.87% in Q3 2025 Amid Infrastructure Challenges
Nigeria’s transport sector growth decelerated to 9.87 percent in the third quarter of 2025, reflecting ongoing infrastructural challenges that continue…
Nigeria Unifies Revenue Systems in Landmark Digital Reform Ahead of 2026 Rollout
Nigeria has launched its most sweeping public finance overhaul since the Treasury Single Account (TSA), unveiling a unified digital revenue…
Nigerian SMEs Halt Spending as 2026 Tax Reforms Spark Nationwide Uncertainty
Nigeria’s small and medium-sized enterprises (SMEs) are slowing spending, delaying expansion, and holding back investment as the country edges toward…
CBN Confirms 82 Licensed BDCs Under New Tougher Rules
The Central Bank of Nigeria has officially confirmed that only 82 Bureaux De Change (BDCs) have met the requirements to…
Nigeria’s Economic Growth Cosmetic, Leaving Citizens in Poverty – Expert Warns
Former NACCIMA President Dele Kelvin Oye has cautioned that Nigeria’s celebrated economic growth masks the harsh realities faced by its…
BII and FCMB Launch $50M Credit Facility to Empower Northern Nigerian MSMEs
British International Investment (BII), the UK’s development finance institution, has joined forces with First City Monument Bank (FCMB) to launch…
Innovation and Partnerships Poised to Drive Nigeria’s Economic Breakthrough — Federal Government
Nigeria is positioning itself for a major economic breakthrough powered by innovation, strong private-sector collaboration, and deeper regional integration, according…
South Africa Business Confidence Rebounds in Q4 2025 Amid Economic Optimism
South Africa’s business confidence saw a notable rebound in the final quarter of 2025, reversing two consecutive declines as the…
Nigeria–S’Africa chamber celebrates 25-year economic partnership
The Nigeria-South Africa Chamber of Commerce (NSACC) marked a significant milestone this week, celebrating 25 years of fostering trade and…
FG Unveils N54.43tn 2026 Budget as Soaring Debt Service Takes N15.91tn
The Federal Government has presented a N54.43tn national budget for 2026, unveiling a financial plan marked by a record-breaking deficit…
FG Contractors Renew Protests Over Unpaid N500bn Debt, Block Finance Ministry
Local contractors under the All Indigenous Contractors Association of Nigeria on Tuesday returned to the Federal Ministry of Finance in…
CBN, First Bank, BUA Among Top Abuja Land Defaulters: FCTA Revokes Over 1,000 Property Titles
The Federal Capital Territory Administration (FCTA) has officially listed more than 1,000 property owners, including major banks and companies, for…