FG Explains N152 Trillion Public Debt, Says Rise Not Due to New Borrowing
The Federal Government has clarified that Nigeria’s public debt, which now stands at N152 trillion, is largely due to improved…
Category: Economy
20 Nigerian Banks Meet Recapitalisation Deadline as CBN Pushes for Productive Lending
About 20 deposit money banks in Nigeria have met the Central Bank of Nigeria’s (CBN) new capital requirements under the…
Nigeria’s Inflation Rises to 15.15% in December 2025 as Food Prices Ease
Nigeria’s headline inflation rate climbed to 15.15 per cent in December 2025, according to the latest Consumer Price Index (CPI)…
SEC Joins Forces with Nigeria Police to Tackle Ponzi Schemes and Crypto Fraud
In a decisive move to protect Nigerian investors, the Securities and Exchange Commission (SEC) has officially partnered with the Nigeria…
Nigerian Manufacturers Aim for 10.2% GDP Contribution in 2026 Amid Policy Optimism
Nigerian manufacturers are entering 2026 with renewed optimism, aiming to boost their sector’s contribution to the country’s Gross Domestic Product…
Nigeria on Fastest Growth Track in a Decade, Says World Bank
Nigeria is poised for its fastest economic growth in more than ten years, according to the World Bank. The global…
15 Nigerian States Allocate N10.7tn for Infrastructure Development in 2026
Fifteen Nigerian states are set to invest more than N10 trillion in infrastructure this year, marking a major push to…
Nigeria-UAE Trade Deal: CEPA Agreement to Liberalize Over 7,000 Products
Nigeria and the United Arab Emirates (UAE) have officially signed a Comprehensive Economic Partnership Agreement (CEPA), signaling a major step…
Statistics Bureau Reviews Inflation Data Standards Amid 31% December Spike Forecast
The National Bureau of Statistics (NBS) has announced a revision in its inflation calculation method, ahead of December’s consumer price…
World Bank Raises Nigeria Growth Forecast to 4.4%, Signalling Strongest Economic Expansion in a Decade
The World Bank has upgraded its outlook for Nigeria’s economy, projecting growth of 4.4 percent in 2026, a sharp increase…
UK Investors Drive $48 Million Surge in Nigeria’s Foreign Investment in 2025
Nigeria is witnessing a significant boost in foreign investment, with UK investors emerging as the largest contributors in 2025. According…
FG to Review Tariff Policies to Boost Local Manufacturing and Reduce Business Costs
The Federal Government of Nigeria has launched a strategic review of tariff policies to strengthen local manufacturing, protect domestic industries,…
2026 Budget: 2 Federal Ministries Allocate N209.9bn For Computer Software, Research, Others
The Federal Ministry of Finance and the Ministry of Budget and Economic Planning have earmarked a combined N209.9 billion for…
How Nigerian Manufacturers Can Maximize Profits with New 2026 Tax Laws
Nigerian manufacturers are poised for a major boost in 2026 thanks to the implementation of the Nigeria Tax Act (NTA)…
Banks Slash Loans to Manufacturers and Traders by N2.1 Trillion in H1 2025
Nigeria’s banks have cut loans to manufacturers and traders by N2.1 trillion in the first six months of 2025, highlighting…
CBN FX Sales Hit $654m in December as Nigeria’s Foreign Exchange Inflows Rebound
Foreign exchange inflows into Nigeria’s FX market rebounded sharply in December, supported largely by increased dollar sales from the Central…
New Tax Laws Aim to Stabilize Nigeria’s Economy, Says Joseph Tegbe
Nigeria may be on the verge of a major fiscal turnaround as new tax laws, effective January 1, 2026, seek…
FG Allocates N1.7tn in 2026 Budget to Settle Outstanding Contractor Debts
The Federal Government has earmarked N1.7 trillion in the 2026 Appropriation Bill to settle outstanding payments owed to contractors for…
FG Reviews Tariffs to Boost Industrial Growth and Lower Production Costs
The Federal Government of Nigeria has announced a review of the country’s tariff framework in a bid to strengthen industrial…
Nigeria’s Current Account Set to Hit $18.81 Billion in 2026, Says President Tinubu
President Bola Tinubu has projected that Nigeria’s current account balance will climb to $18.81 billion in 2026, up from $16.94…
Tinubu Celebrates Nigerian Exchange’s Historic N100 Trillion Market Capitalisation
President Bola Tinubu has praised the Nigerian Exchange Group (NGX) for surpassing the historic N100 trillion market capitalisation mark, calling…
Naira Outlook 2026: Experts Say Rising FX Inflows Could Drive Stronger Currency Gains
Economic analysts and Bureau De Change (BDC) operators say Nigeria’s naira is well positioned for stronger gains and improved stability…
New Tax Laws Promise Fairer, Growth-Driven Economy — Tegbe
The Chairman of the National Tax Policy Implementation Committee, Joseph Tegbe, has described the Nigerian Tax Reform Acts 2025 as…
Tax Law Reform Triggers ₦5tn VAT Windfall for States in 2026
Nigeria’s 36 states are set for a major revenue boost in 2026, as a new Value Added Tax (VAT) sharing…
Naira Hits Record High of N1,418.26 as EFEMS Reforms Boost Market Confidence
The naira reached a record high of N1,418.26 against the US dollar in the official foreign exchange market on Wednesday,…
Nigeria Tax Reforms: Why Businesses Must Prioritise Payroll, VAT Compliance
Nigeria’s full implementation of sweeping tax reform laws is ushering in a new compliance era for businesses, with payroll, Value…
Investor Confidence Drives Nigeria’s Foreign Inflows to $14bn in 2025
Nigeria’s foreign investment landscape received a significant boost in 2025, with combined foreign portfolio investment (FPI) and foreign direct investment…
NGX Crosses N100 Trillion Market Cap as Equities Rally 1.74% in 2026 Kickoff
The Nigerian Exchange (NGX) began 2026 on a high note, with investor optimism and broad-based buying lifting the equities market…
Business Confidence in Nigeria Soars Amid Insecurity and High Taxes
Nigerian businesses are stepping into 2026 with renewed optimism, according to the December 2025 Business Expectations Survey (BES) by the…
Nigeria’s Business Activity Expands for 12th Month Amid Rising Caution
Nigeria’s business activity continued its growth streak for the twelfth month in a row in December 2025, according to the…