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Economic Reforms

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FG domestic borrowing hits N8.1tn in Q1 2026

FG domestic borrowing reached N8.1 trillion in the first quarter of 2026, a 7.4 percent year-on-year rise that already overshoots the quarterly benchmark the 2026 Appropriation Act implies.
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Manufacturing sector taxes climb to N2.05tn in 2025

Nigeria's manufacturing sector contributed N2.05 trillion in total taxes in 2025, with VAT and Company Income Tax both posting double-digit gains, according to the National Bureau of Statistics.
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World Bank: 139 Million Nigerians Still Trapped in Poverty

The World Bank urged Nigeria to channel reform gains into real welfare improvements, as 139 million citizens still live in poverty.
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Nigeria Records $6.83 Billion Payments Surplus in 2024

Nigeria records a $6.83 billion payments surplus in 2024, marking the first surplus in three years. Key reforms and trade performance contributed to the success.
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Buhari Praises Tinubu Amid Nigeria’s Economic Challenges

Former President Muhammadu Buhari has openly commended President Bola Tinubu for his impressive handling...
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Senate Probes Buhari Govt’s N30tr Loan, Seeks Economic Transparency

The Nigerian Senate launches investigations into a N30 trillion CBN loan and the efficiency of key industries to ensure fiscal responsibility and economic stability.
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Nigeria’s Poverty Rate Soars Despite Economic Reforms

Nigeria, Africa's largest economy, is facing a paradox. On one hand, the government has...
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Nigeria’s Account Gains N1 Trillion Monthly After Subsidy Removal

Nigeria's Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, recently...

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FG domestic borrowing hits N8.1tn in Q1 2026

FG domestic borrowing reached N8.1 trillion in the first quarter of 2026, a 7.4 percent year-on-year rise that already overshoots the quarterly benchmark the 2026 Appropriation Act implies.
News

Manufacturing sector taxes climb to N2.05tn in 2025

Nigeria's manufacturing sector contributed N2.05 trillion in total taxes in 2025, with VAT and Company Income Tax both posting double-digit gains, according to the National Bureau of Statistics.
News

Flood swamps Lagos primary school as pharma company’s canal project leaves children out of class

A pharmaceutical company's construction project has blocked a Lagos canal, flooding a primary school and keeping hundreds of children out of class.
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SDP’s Adebayo confirms 2027 presidential bid, warns Nigeria is drifting toward one-man rule

SDP leader Prince Adewole Adebayo has confirmed a 2027 presidential run and warned that Nigeria risks one-man rule, not a one-party state.