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Economy
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…
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…
Statistics Bureau Reviews Inflation Data Standards Amid 31% December Spike…
The National Bureau of Statistics (NBS) has announced a revision in its inflation calculation method, ahead of…
World Bank Raises Nigeria Growth Forecast to 4.4%, Signalling Strongest Economic…
The World Bank has upgraded its outlook for Nigeria’s economy, projecting growth of 4.4 percent in 2026, a sharp…
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…
FG to Review Tariff Policies to Boost Local Manufacturing and Reduce Business…
The Federal Government of Nigeria has launched a strategic review of tariff policies to strengthen local…
2026 Budget: 2 Federal Ministries Allocate N209.9bn For Computer Software,…
The Federal Ministry of Finance and the Ministry of Budget and Economic Planning have earmarked a combined N209.9…
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…
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,…
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…
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 to…
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…
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…
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…
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…
Naira Outlook 2026: Experts Say Rising FX Inflows Could Drive Stronger Currency…
Economic analysts and Bureau De Change (BDC) operators say Nigeria’s naira is well positioned for stronger gains…
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…
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 formula under…
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…
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…
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…
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…
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…
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…
FG Adopts Capital De-Risking Strategy to Drive Private-Sector Growth in 2026
The Federal Government has announced a major policy shift toward capital de-risking and private sector–led growth…
Nigeria’s Current Account Surplus Set to Reach $18.81 Billion in 2026 – CBN…
Nigeria’s current account balance is set to strengthen significantly in 2026, with the Central Bank of Nigeria…
Nigeria’s Rising Debt Driven by Exchange Rate Shifts, Not New Borrowing – Budget…
Nigeria’s soaring debt figures are largely the result of exchange-rate revaluation of existing foreign-currency…
Nigeria’s Private Sector Growth Strengthens as PMI Hits 53.5 in December
Nigeria’s private sector concluded 2025 on a strong note, driven by rising customer demand and steady business…
Bank of Ghana Tightens International Money Transfer Rules to Protect Consumers and…
The Bank of Ghana (BoG) has unveiled new regulations for International Money Transfer Operators (IMTOs), signaling…