Economy

Finance Minister: Nigeria has Moved from Stabilisation to Consolidation

Nigeria has moved decisively from stabilisation to consolidation, embedding reforms that support private-sector-led growth, strengthen institutions, and restore confidence in the economy, the Minister...

Inflation erases N2.8tn from workers’ pay in one year

The real value of employees’ earnings fell sharply by about N2.79tn in 2024 to N25.48tn, indicating that workers became poorer as inflation wiped out...

NCRIB Partners Abia State Government to deepen insurance awareness

  The governor of Abia State, Dr Alex Otti, has said that he has set up a working committee within his government to collaborate with...

Tinubu, Shell in high-level talks over S20bn investment in Nigeria

The Chief Executive Officer of Shell Plc, Mr Wael Sawan, has praised President Bola Tinubu’s leadership for creating a healthy climate for investments to...

2026 World Bank outlook: NESG puts Nigeria’s growth at 9.9 percent

Nigeria’s economic outlook for 2026 is something to cheer about if the projections by the World Bank and the Nigerian Economic Summit Group (NESG)...

Inflation likely to fall below 10% in 2026 – Tinubu

President Bola Ahmed Tinubu has projected inflation to fall below 10 per cent in the year 2026. “Indeed, inflation is likely to fall below 10...

Government Free zones drive $500m exports, 20,000 jobs

The Federal Government has stated that Nigeria’s Special Economic Zones generated over $500m in export revenues and created more than 20,000 direct jobs in...

Nasarawa targets N5bn monthly IGR in 2026 — Official

The Nasarawa State Government has expressed its determination to increase its Internally Generated Revenue to N5 billion per month in 2026 as part of...

New climate risks demand stronger insurance coverage — Rex Insurance CEO

As climate change drives more frequent floods, heatwaves and new forms of loss across Nigeria, the insurance industry is being compelled to reassess how...

FG: Nigeria Ready, Equipped for AfCFTA Market, Lists Milestones

Federal Ministry of Industry Trade and Investment (FMITI) said it had taken concrete steps to ensure Nigeria’s substantive readiness to trade within Africa under...

Four days to tax reform: Manufacturers excited, Labour, SMEs threaten revolt

The Nigeria Labour Congress has threatened to revolt against plans to commence the implementation of the newly enacted tax reform laws from January 1,...

MDAs underfunded by N15tn in three years

Capital spending by Federal Government ministries, departments, and agencies has remained severely constrained over the last three fiscal years, even as retained revenues expanded...

How battle to control probes turn lawmakers against lawmakers in the House of Reps

When the House of Representatives went into a shouting match on Wednesday, it wasn’t because lawmakers were expressing anger over the non-remittance of more...

How Nigerian can trigger real estate growth, build on Q3 gains

The data showed strong nominal growth of about 89 percent, but a more modest real growth of 3.5 percent, with the sector contributing 13.36...

Dangote exposes alleged collusion to sabotage economy, challenges NMDPRA’s Ahmed to explain wealth or face prosecution

Aliko Dangote, president and chief executive of Dangote Industries Limited, has called for the investigation and prosecution of Farouk Ahmed, chief executive officer of...

ADC: Tax MoU Strengthens Tinubu’s French Connection, Not Nigeria’s Interests

The African Democratic Congress (ADC) has raised concerns over the recent digital tax agreement between Nigeria and France, saying while it supported efforts to modernise...

ADC demands transparency in Nigeria–France digital tax deal

The African Democratic Congress (ADC) on Sunday called for transparency in the Nigeria-France digital tax agreement. The party’s National Publicity Secretary, Bolaji Abdullahi, in a...

FIRS says France MoU won’t touch Nigeria’s tax data

The Federal Inland Revenue Service (FIRS) has clarified that the Memorandum of Understanding (MoU) recently signed with France’s Direction Générale des Finances Publiques (DGFiP)...

France Faces Economic Crisis As Africa Retreats

France, long a dominant force in Africa and a pillar of the euro zone, is facing a dramatic series of challenges that are shaking...

Nigeria’s tax agreement with France by Tinubu govt based on global best practices: FIRS

The Federal Inland Revenue Service (FIRS) has observed recent reports and online commentary regarding the Memorandum of Understanding (MoU) signed with France’s Direction Générale...

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