Investors Lose N1.3 Trillion as Market Anxiety Deepens Amid Policy Uncertainty and Global Tensions
The Nigerian stock market took a sharp tumble on Wednesday, with investors losing a staggering N1.3 trillion in market value…
Category: Economy
Tinubu Appoints Dr. John Nwabueze as Nigeria’s First Tax Ombudsman to Strengthen Transparency and Tax Fairness
President Bola Tinubu has appointed Dr. John Nwabueze as Nigeria’s first Tax Ombudsman, marking a historic milestone in the country’s…
Empowering SMEs: The Driving Force Behind Nigeria’s Economic Transformation
The founder and convener of the Small-Scale Enterprises Lab (SSE Lab), Mrs. Desola Jimmy-Eboma, has reaffirmed that Nigeria’s economic future…
Nigeria’s New $11.50 Travel Tax Sparks Outcry Among Airlines and Passengers
The Nigeria Civil Aviation Authority (NCAA) has announced a new $11.50 levy on all international air tickets, set to take…
IMF Says Cedi Stability Key to Ghana’s Inflation Decline in 2025
The International Monetary Fund (IMF) has credited the remarkable stability of the Ghanaian cedi as a major factor behind the…
European Markets Open Higher as Auto Stocks Surge and Investors Await Key Central Bank Decisions
European markets opened the new trading month on a strong footing Monday, with auto stocks leading early gains as investors…
FG Promises Stakeholder Engagement on 2026 Tax Reforms to Ensure Fair, Transparent System
The Federal Government has assured that the upcoming Nigeria 2026 tax reforms will be implemented through open and continuous consultation…
Nigeria’s New Tax Reforms to Eliminate Multiple Levies and Boost Haulage Industry, Says Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has announced that Nigeria’s haulage and…
CBN May Backtrack on Fixed-Income Market Control as Nigeria Reviews Policy Shift
Nigeria’s plan to let the Central Bank of Nigeria (CBN) take over control of the nation’s fixed-income market may soon…
Nigeria Targets $1 Trillion Economy by 2030, Says Minister Bagudu
The Federal Government has reiterated its confidence in achieving President Bola Tinubu’s ambitious goal of transforming Nigeria into a $1…
CBN Clarifies $1.25bn Q1 Oil Sector FX Transactions, Says No Direct Intervention
The Central Bank of Nigeria (CBN) has clarified that the reported $1.25 billion spent on oil sector imports in the…
FG Spends ₦12.5bn to Recover Gold from Artisanal Miners, Boost Foreign Reserves and Strengthen Naira
The Federal Government has disbursed about ₦12.5 billion to recover gold from artisanal and small-scale miners across the country as…
FRC Offers Free Business Integrity Certification for Nigerian SMEs Until March 2026
In a bid to promote ethical business practices and strengthen corporate governance, the Financial Reporting Council of Nigeria (FRC) has…
Weakened U.S. Dollar Helps Stabilize Ghana Cedi Amid Forex Market Pressures — Bank of Ghana
The Bank of Ghana (BoG) has confirmed that the recent weakening of the U.S. dollar played a major role in…
Nigerians Trade $50 Billion in Crypto as SEC Warns of Declining Capital Market Participation
Nigeria’s Securities and Exchange Commission (SEC) has expressed concern over the country’s growing preference for cryptocurrency trading, warning that the…
FATF Delisting to Boost Foreign Investments in Nigeria, Says SEC DG Emomotimi Agama
Nigeria’s removal from the Financial Action Task Force (FATF) grey list has been hailed as a major milestone for the…
BoG Hikes Forex Bureau Licence Renewal Fees by 150% to Strengthen Oversight-Ghana
The Bank of Ghana (BoG) has announced a significant increase in the biennial licence renewal fees for foreign exchange bureaux,…
Nigeria Records Over $50 Billion in Crypto Transactions Amid Weak Capital Market Participation — SEC
Nigeria’s cryptocurrency market has witnessed explosive growth, with more than $50 billion worth of digital asset transactions conducted between July…
Afreximbank Targets $250 Billion Balance Sheet in Decade-Long Growth Drive
The African Export-Import Bank (Afreximbank) has unveiled an ambitious plan to expand its balance sheet to $250 billion within the…
Marketers Accuse Dangote Refinery of Withholding Paid Fuel Amid Rising Petrol Prices
Petroleum marketers have accused the Dangote Refinery of failing to supply petrol weeks after receiving full payments, raising concerns about…
Nigeria’s Domestic Debt Hits N6.17 Trillion in Six Months as FG Seeks to Bridge Budget Deficit
The Federal Government of Nigeria (FG) has borrowed a total of N6.17 trillion from the domestic debt market within the…
Nigeria’s Reform Push Fuels Market Rally as NGX Surges Past 151,000 Points
Nigeria’s stock market continued its upward momentum this week, hitting a new all-time high as investors responded positively to ongoing…
Cedi Bounces Back: Ghana’s Currency Surges 37% in 2025 as Investor Confidence Returns
Ghana’s cedi has made an impressive comeback in October 2025, reclaiming lost ground and restoring investor confidence after months of…
Reps Split Over Motion to Shield Dangote Refinery From Labour Unions Amid Economic Concerns
The House of Representatives was sharply divided on Tuesday over a motion seeking to protect the Dangote Refinery and other…
FIRS to End Multiple Federal Taxes by 2026 as New Tax Regime Simplifies Business Compliance
The Federal Inland Revenue Service (FIRS) has announced that beginning January 1, 2026, a new tax regime will officially take…
Nigeria Launches Nationwide Revenue Recovery Drive to Boost Fiscal Transparency and Curb Leakages
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), in partnership with the Federal Inland Revenue Service (FIRS), has launched a…
Nigeria’s 2026 Tax Reform: Firms to Receive 5% Annual Tax Credit Under New Simplified Regime
Nigeria’s tax landscape is set for a major transformation as the federal government unveils a new tax regime effective January…
IMF Urges Nigeria and Sub-Saharan Africa to Embrace Blended Finance, Tax Reforms to Boost Sustainable Growth
The International Monetary Fund (IMF) has issued a stark warning to Nigeria and other Sub-Saharan African countries, urging urgent reforms…
High Interest Rates Push 51% of Nigeria’s Informal Businesses Away from Loans
Rising interest rates and tougher lending conditions are discouraging more Nigerian informal businesses from taking loans, according to the 2025…