Browsing Category
Economy
PwC Warns Nigeria’s 30% Capital Gains Tax Creates Offshore Tax Loopholes
Nigeria’s new 30 per cent capital gains tax (CGT) regime could create uncertainty for companies involved in…
FG, States and LGs Share Record N3.007trn as July Revenue Jumps 18%
Nigeria’s federal, state and local governments shared a record N3.007 trillion in FAAC revenue allocation for July,…
NAFEM Turnover Hits $1.41 Billion as FX Market Activity Rebounds
NAFEM turnover surged to $1.41 billion on August 17, 2026, marking its highest level in five weeks as trading…
Nigeria’s Net FX Flow Falls 29% to $4.94 Billion in March as Outflows Surge
Nigeria’s net foreign exchange (FX) flow fell by 29% month-on-month to $4.94 billion in March 2026, down from $6.98…
Oil Price Rally Lifts Nigeria’s Earnings in First Half of 2026 – Afreximbank
Nigeria emerged as one of the African countries that benefited significantly from higher global oil prices in the…
Food Inflation Hits 20.31% in July as Rising Prices Put Fresh Pressure on…
Nigeria’s food inflation rate climbed sharply to 20.31% year-on-year in July 2026, reaching its highest level in 10…
FG Offers Nigerians Up to ₦50m Housing Loan at 6% — How to Apply
The Federal Government, through the Federal Mortgage Bank of Nigeria (FMBN), is offering eligible Nigerians an…
CBN Faces New Test as Price Stability Raises Pressure to Revive Credit and…
Nigeria’s progress in taming inflation and stabilising the foreign exchange market is beginning to create a new…
CBN: Nigeria’s IMTO Inflows Hit Record $1.29bn in Q1 2026, Rise 45%
Nigeria’s inflows through International Money Transfer Operators (IMTOs) surged to a record $1.29 billion in the…
Japan’s Oil Crisis Eases, but Soaring Import Costs Keep Economy Under Pressure
Japan’s oil crisis may be showing signs of easing, but the country is still paying a heavy economic price for…
Nigeria’s Business Week: NESG Forum, MSME Summit and $50bn Offshore Investment in…
Nigeria’s business landscape is set for a busy week as policymakers, investors, entrepreneurs and industry leaders…
FG Unveils 70:30 Profit-Oil Split to Attract New Deep Offshore Investments
The Federal Government has introduced a major fiscal incentive aimed at attracting fresh investment into Nigeria’s…
Nigeria’s Net FX Flow Drops 29% to $4.94 Billion in March 2026
Nigeria’s net foreign exchange (FX) flow fell sharply to $4.94 billion in March 2026, representing a 29% decline…
CBN Boosts FX Interventions to $953m as Dollar Demand Rebounds
The Central Bank of Nigeria (CBN) significantly increased its foreign exchange interventions in March 2026, selling…
OPEC: Oil Output, Reforms Sustain Nigeria’s Economic Growth
Nigeria’s economic outlook is showing signs of continued improvement, with higher oil production, ongoing…
Tinubu Vows to Revive Nigeria’s Refineries, Demands Profitable Operations
President Bola Tinubu has renewed his administration’s commitment to reviving Nigeria’s long-idle state-owned…
Nigeria’s Oil Production Falls 4% as Hormuz Tensions Raise Fresh Energy Concerns
Nigeria’s oil production slipped by four per cent month-on-month in July, highlighting fresh challenges for the…
Nigeria’s Oil Output Slips 4% in July but Still Beats OPEC Quota
Nigeria’s crude oil production dropped by about 4 per cent in July, ending months of steady growth, but the country…
Tinubu Explains New Oil Incentives as Nigeria Targets $50bn Deep Offshore…
President Bola Tinubu has explained why his administration is rolling out fresh incentives and policy directives to…
West Africa Could Unlock $3tn Energy Market by 2035 Through Regional Integration —…
West Africa could build a $3tn cumulative energy market by 2035 if the region’s 16 countries move away from…
NRS Tax Reforms Reshape Nigeria’s Economy as Revenue Hits N21.6 Trillion
Nigeria’s tax system is entering a new era as the Nigeria Revenue Service (NRS) pushes reforms aimed at changing…
Nigeria’s Rising Debt Service Threatens Social Spending as AfDB Raises Alarm
Nigeria’s growing debt obligations are putting increasing pressure on government spending, with the African…
Nigeria’s reform success hinges on living standard
Nigeria’s economic reforms may be showing signs of progress, but experts and policymakers say the real test is…
Nigeria Can Turn Global Trade Tensions Into Economic Growth, Afreximbank Says
Nigeria and other African economies could turn rising global trade tensions and supply chain disruptions into an…
Nigerians Feel the Squeeze as VAT Adds to Rising Cost of Living
Nigerians are increasingly feeling the pressure of Value Added Tax (VAT) as rising prices and a persistent…
Nigeria’s Domestic Debt Service Jumps 20% to N3.14tn as Interest Costs Surge
Nigeria’s domestic debt burden is getting more expensive, with debt service rising by 20.3 percent to N3.14…
FX Reforms Begin to Stabilise Nigeria’s Economy, Says NRS Chairman
Nigeria’s foreign exchange reforms are beginning to reshape the country’s economy, with the Chairman of the Nigeria…
Nigeria’s Consumer Credit Slumps by ₦939bn as High Rates Squeeze Households
Nigeria’s consumer credit market has suffered a major ₦939 billion decline, highlighting growing pressure on…
Fuel Subsidy Could Have Sent Naira to ₦3,500/$, NRS Chairman Says
Nigeria’s fuel subsidy could have ballooned to about ₦53 trillion and pushed the naira exchange rate to around…
Tinubu Backs NGX Push to Expand Capital Market, Attract New Listings
President Bola Tinubu has thrown his weight behind fresh efforts to expand Nigeria’s capital market, as the…