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Economy
Nigeria’s Manufacturing Sector Set to Grow 3.1% in 2026, Driving 10.2% of GDP
After a challenging 2025 marked by consecutive quarterly declines of up to 1.25% in real growth, Nigeria’s…
Tax reforms spark tension as shipping lines plan hikes
Tension is building within Nigeria’s maritime sector following the implementation of sweeping tax reforms that took…
2025 Economic Gains Fail to Ease Manufacturers’ Pain as Costs, Policies Bite
Despite the Federal Government’s optimism over economic “gains” recorded in 2025—most notably easing inflation and…
Nigeria’s Oil Revenue Falls Short by N16.2tn Despite Higher Production in 2025
Nigeria’s oil revenue fell sharply short of government projections in the first half of 2025, recording a N16.2tn…
FIRS Confirms NIN Automatically Serves as Tax ID for Nigerians
The Federal Inland Revenue Service (FIRS) has officially confirmed that the National Identification Number (NIN)…
Lawmakers May Suspend January 2026 Tax Reform Over Alleged Gazetted Alterations –…
Nigeria’s planned January 2026 rollout of new tax reform laws could be suspended, following allegations of…
Why Investors Chose Dollar Over Naira Investments Despite Signs of Economic…
Despite recent signs that Nigeria’s economy may be turning a corner, many investors are still cautious. According…
World Bank Set to Approve $500m Loan to Boost MSMEs in Nigeria
The World Bank is expected to approve a $500 million loan for Nigeria on Friday as part of a major push to improve…
NEPAD Reaffirms Commitment to Africa’s Trade Growth under AfCFTA
The NEPAD Business Group Nigeria (NBGN) has reaffirmed its commitment to driving private sector–led economic…
CBN Survey Predicts Business Confidence in Nigeria to Hit 52.8 Points by Mid-2026
Nigeria’s business environment is set for a boost over the next six months, with confidence among businesses…
PenCom Extends Pension Recapitalisation Deadline to June 2027
The National Pension Commission (PenCom) has extended the deadline for pension industry recapitalisation to June…
World Bank Set to Approve $500m Loan to Boost MSME Financing in Nigeria
The World Bank is expected to approve a $500 million loan for Nigeria today (Friday, December 19, 2025), aimed at…
Tinubu Sends N43 Trillion Budget Repeal and Re-enactment Bill to National Assembly…
President Bola Tinubu has formally transmitted the Appropriation, Repeal, and Re-enactment Bill 2 of 2024 to…
SMEDAN Seeks CBN Licence for Microfinance Bank as FG Targets One Million New Small…
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has applied to the Central Bank of Nigeria…
CBN Governor Olayemi Cardoso Highlights Nigeria’s Economic Reforms to US Investors
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, engaged senior business leaders and…
Dollar to Naira exchange rate today, December 17, 2025
The Nigerian Naira showed mixed movements across the foreign exchange market on Wednesday, December 17, 2025,…
Dangote Group Appoints Ex-CBN Director Mahmud Hassan as Group Chief Economist
Dangote Group has strengthened its economic advisory team with the appointment of renowned economist and former…
CBN Approves 82 BDC Licenses: Forex Traders Expect More Approvals Soon
Retail forex traders in Nigeria, known as Bureau De Change (BDC) operators, are optimistic that the Central Bank of…
FG Set to Forfeit N1.4 Trillion in 2026 Through 5% Corporate Tax Cut to Boost…
The Federal Government of Nigeria is set to give up approximately N1.4 trillion in revenue in 2026 by reducing the…
Nigeria, France Seal Tax Administration Deal to Power Digital Reforms Ahead of…
Nigeria has taken another major step toward modernising its tax system as the Federal Government signed a…
CBN Revokes Licences of Non-Compliant BDCs After New Rules Deadline
The Central Bank of Nigeria has formally revoked the licences of all legacy Bureau De Change operators that failed…
Fitch Advises CBN to Proceed Cautiously on Rate Cuts Amid Strong FX Reserves
Nigeria’s gross official foreign exchange reserves have reached a six-year high, crossing the $45 billion mark,…
CBN Unveils Fresh Push to Expand Agricultural Lending as Cardoso Sets New…
The Central Bank of Nigeria (CBN) has announced a renewed drive to increase agricultural lending, which currently…
Nigeria Transport Sector Growth Slows to 9.87% in Q3 2025 Amid Infrastructure…
Nigeria’s transport sector growth decelerated to 9.87 percent in the third quarter of 2025, reflecting ongoing…
Nigeria Unifies Revenue Systems in Landmark Digital Reform Ahead of 2026 Rollout
Nigeria has launched its most sweeping public finance overhaul since the Treasury Single Account (TSA), unveiling a…
Nigerian SMEs Halt Spending as 2026 Tax Reforms Spark Nationwide Uncertainty
Nigeria’s small and medium-sized enterprises (SMEs) are slowing spending, delaying expansion, and holding back…
CBN Confirms 82 Licensed BDCs Under New Tougher Rules
The Central Bank of Nigeria has officially confirmed that only 82 Bureaux De Change (BDCs) have met the…
Nigeria’s Economic Growth Cosmetic, Leaving Citizens in Poverty – Expert Warns
Former NACCIMA President Dele Kelvin Oye has cautioned that Nigeria’s celebrated economic growth masks the harsh…
BII and FCMB Launch $50M Credit Facility to Empower Northern Nigerian MSMEs
British International Investment (BII), the UK’s development finance institution, has joined forces with First City…
Innovation and Partnerships Poised to Drive Nigeria’s Economic Breakthrough —…
Nigeria is positioning itself for a major economic breakthrough powered by innovation, strong private-sector…