Browsing Category
Economy
Naira Strengthens Below N1,400/$ as Official FX Market Records Fresh Gains
Nigeria’s naira has broken below the N1,400-to-the-dollar threshold on the official foreign exchange market…
AfCFTA SG: How Africa Can Thrive in the New Global Economy
The global economic landscape is undergoing a profound transformation, with rising protectionism and trade barriers…
Nigeria Eyes $400 Billion Commodities Market Through UAE-LCFE Partnership
Nigeria is positioning itself as a key gateway to Africa’s $1 trillion commodities market, aiming to capture $400…
Tinubu Urged to Intervene as Nigeria Commodity Exchange Faces Imminent Collapse
Workers of the Nigeria Commodity Exchange (NCX) have appealed to President Bola Ahmed Tinubu to urgently intervene…
Naira Strengthens to ₦1,400/$ as Weaker US Dollar Lifts Emerging Markets
Nigeria’s naira continued its upward momentum midweek, appreciating to around ₦1,400 per dollar at the official…
Nigeria’s Tax Committee Strengthens Stakeholder Engagement for Smooth…
The National Tax Policy Implementation Committee (NTPIC) has intensified efforts to ensure the effective rollout of…
BUA Cement Expands Sokoto Plant with $240M Investment to Boost Production
BUA Cement Plc has announced a $240 million investment to expand its Sokoto cement plant, introducing a modern…
Erdogan Eyes $5 Billion Nigeria-Türkiye Trade Deal During Tinubu Visit
During Nigerian President Bola Tinubu’s state visit to Türkiye, President Recep Tayyip Erdogan announced that his…
Nigerian Firms Secure $2.5bn in World Bank Contracts, Rank Fifth Globally
Nigerian companies have secured more than $2.5 billion worth of World Bank–financed contracts, placing the country…
Ghana Treasury Bill Auction: Gov’t Raises GH¢12.83bn as 364-Day Rates Hit 13.06%
Ghana’s government successfully raised GH¢12.83 billion in its latest Treasury bill auction, surpassing…
Nigeria’s Debt Crisis Deepens: Budget Deficit Hits N23.85 Trillion Amid Rising…
Nigeria’s public debt burden has escalated dramatically over the past decade, with the budget deficit soaring from…
US Records $1.45 Billion Trade Surplus with Nigeria Amid Export Growth and Tariff…
The United States has reversed last year’s trade deficit with Nigeria, recording a $1.45 billion goods trade…
Tax Reforms Leave Workers Cold as Salary Increases Fall Short
Many Nigerian workers say the much-publicised Personal Income Tax (PIT) reforms have brought little relief to their…
Nigeria’s New Tax Law Tackles Double Taxation and Boosts Digital Economy…
The Federal Government of Nigeria has unveiled new tax measures aimed at curbing double taxation, expanding the tax…
Naira Weakens Across FX Markets Amid Supply Constraints and Demand Pressures
The naira closed last week on a weaker note across Nigeria’s foreign exchange markets, as supply shortages and…
Nigeria’s Exports to Africa Surge 14% in H1 2025, Fuel Leads Trade Growth
Nigeria has recorded a 14% increase in exports to Africa in the first half of 2025, reaching a total of N4.82…
Oil prices hold above Nigeria’s $64.85 budget amid Middle East tensions
Global oil prices remained firm on Monday, trading above Nigeria’s 2026 budget benchmark of $64.85 per barrel, as…
LIRS Targets Banks, Employers to Recover Unpaid Taxes Under New Enforcement Powers
The Lagos State Internal Revenue Service (LIRS) has announced plans to intensify efforts to recover unpaid taxes by…
Nigeria’s Economy Shows Strong Recovery, Says Oduwole at World Economic Forum
Nigeria’s economy is showing clear signs of recovery, driven by strategic reforms and increased investor…
CBN’s Tight Monetary Policy Cuts Inflation by 10 Points, Governor Cardoso Confirms
Nigeria’s sustained monetary tightening has played a key role in reducing inflation, with the Central Bank of…
Tinubu Approves Commercial Oil Drilling in Ogun, Revives Olokola Deep Seaport
President Bola Ahmed Tinubu has approved the commencement of commercial oil drilling at Tongeji Island in Ipokia…
Danish $1.2bn Investment Boosts Nigerian Ports and Maritime Sector
Nigerian ports are set to receive a major boost following a $1.2 billion investment from Denmark, announced by the…
Sugar Tax Could Threaten Nigeria’s Manufacturing Sector, Warns CPPE
The Centre for the Promotion of Private Enterprises (CPPE) has raised concerns that the proposed sugar tax on…
Ghana Chamber of Mines Urges Review of Mining Fiscal Plan to Boost Investment
The Ghana Chamber of Mines has urged the government to rethink its proposed mining fiscal framework, emphasizing…
Economist Warns: New Sugar Tax on Soft Drinks Could Hurt Nigeria’s Economy
The Centre for the Promotion of Private Enterprise (CPPE) has raised serious concerns over proposals to introduce…
FGN to Repay N1.03 Trillion Bond on January 22: Implications for Nigeria’s Debt…
The federal government is set to repay up to N1.03 trillion in bond maturities on January 22, 2026, marking one of…
Lagos Port Haulage Costs Drop by 65% as Ètò System Transforms Cargo Logistics
Lagos importers are breathing a sigh of relief as cargo haulage costs at Tin Can Island and Apapa seaports have…
CBN Economic Reforms Drive Growth and Tame Inflation in Nigeria
Nigeria’s economy is showing early signs of recovery as the Central Bank of Nigeria (CBN) forecasts stronger growth…
IMF and World Bank Upgrade Nigeria’s Economic Growth Outlook to 4.4% in 2026
The International Monetary Fund (IMF) has revised Nigeria’s economic growth forecast upward to 4.4% in 2026 and…
Nigeria’s Non-Oil Exports Hit Record $6.1 Billion in 2025 – NEPC Reports Historic…
Nigeria’s non-oil exports reached an all-time high of $6.1 billion in 2025, according to the Nigerian Export…