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…
Category: Economy
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…
Governor Seyi Makinde Unveils Oyo’s AfCFTA Strategy to Boost Trade, Create Jobs, and Drive Economic Growth
Oyo State Governor Seyi Makinde has reaffirmed his administration’s commitment to unlocking economic prosperity and sustainable development through the African…
CBN Charts Nigeria’s Economic Future in Washington, Targets 7% Growth by 2028
Nigeria’s economic leadership took the global stage in Washington, DC, this week, unveiling a bold and data-driven roadmap toward sustained…
NGX Market Loses ₦4bn as Trading Volume Plummets by 58%
The Nigerian Exchange Limited (NGX) witnessed a mild setback on Tuesday, October 15, 2025, as market capitalisation fell by ₦4…
African Finance Ministers Applaud Ghana’s GOLDBOD Model as Blueprint for Resource-Led Growth
At a high-level meeting on the sidelines of the 2025 IMF–World Bank Annual Meetings in Washington, Ghana’s innovative approach to…
Naira Weakens Slightly to N1,467/$1 Despite Rising Foreign Reserves
Nigeria’s currency began the week on a mild downward note as the naira slipped to N1,467 per dollar on Tuesday,…
Nigeria’s $36.7 Billion 2025 Budget Among Africa’s Lowest Despite Fiscal Reforms
Nigeria’s 2025 budget, set at $36.7 billion, ranks among the lowest on the African continent, despite ongoing fiscal reforms aimed…
Analysts Warn Nigeria Risks Losing FTSE Frontier Market Status Over Capital Gains Tax Plan
Financial experts have raised alarms that Nigeria may jeopardize its fragile progress toward regaining a spot in the FTSE Frontier…
Ghana Cedi Named Africa’s Best-Performing Currency in 2025 – World Bank
Eight months into 2025, the Ghanaian cedi has emerged as Africa’s best-performing currency, according to the World Bank’s latest Africa…
World Bank Urges Nigeria to Deepen Economic Reforms, Enforce Fiscal Discipline, and Strengthen Transparency
The World Bank has called on the Nigerian government to sustain its current wave of economic reforms by tightening fiscal…
FRC, SEC Champion Ethical Corporate Governance as SCGN Marks 20 Years of Integrity and Leadership
As Nigeria continues to navigate waves of technological disruption and economic uncertainty, the Financial Reporting Council of Nigeria (FRC) and…
European Steel Stocks Surge as EU Plans to Halve Tariff-Free Import Quotas
European markets climbed on Wednesday as investors reacted positively to the European Union’s proposal to slash tariff-free import quotas on…
$2 Billion Nigerian Broadband Project to Drive GDP Growth and Digital Inclusion
Nigeria is set to witness a major digital transformation as the government launches a $2 billion broadband project aimed at…
Nigeria’s Dele Alake Urges Africa to Industrialise Its Minerals and Build a Green Industrial Future
Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, has called on African nations to end the era of exporting…
Nigeria’s Intra-African Trade Rises by ₦610bn Amid Weak Naira, Shifting Global Ties
Nigeria’s trade with other African countries surged by ₦610 billion in the first half of 2025, reflecting a renewed push…
Tony Elumelu Foundation Donates ₦1 Billion to Empower 18,500 Nigerian Women Under Renewed Hope Initiative
In a major push for women’s economic inclusion, the Tony Elumelu Foundation (TEF) has donated ₦1 billion to the Renewed…
Naira Rises to ₦1,465 per Dollar as FX Inflows Strengthen and Dollar Weakens
The Nigerian naira extended its rally last week, closing at ₦1,465 per U.S. dollar at the official market, buoyed by…
Dangote Launches $2.5bn Fertiliser Plant in Ethiopia to Boost Africa’s Food Security
Africa’s richest man and President of the Dangote Group, Aliko Dangote, has broken ground on a $2.5 billion fertiliser plant…
Capital Market Operators Push for Bold Reforms to Restore Investor Confidence in Nigeria
Capital market operators have renewed calls for the Federal Government to implement bold reforms that would attract more companies to…
Full Implementation of Industrial Policy Vital for Nigeria’s Economic Growth – MAN
The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to fully implement the forthcoming national industrial policy if…
CBN Cuts Interest Rate to 27% to Ease Borrowing Costs for SMEs and Households
The Central Bank of Nigeria (CBN) has lowered its benchmark Monetary Policy Rate (MPR) by 50 basis points to 27…