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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

Naira Soars Below N1,600: A Glimmer of Economic Hope

The Nigerian Naira is showing promising signs of recovery, with its value appreciating to...
News

Nigerian Banks in Ghana Work to Resolve FX Trading Ban

Nigerian banks operating in Ghana are working with the Bank of Ghana (BoG) to...
News

CBN Bans Cash Payout for Travel Allowances

The Central Bank of Nigeria (CBN) has announced a new policy that prohibits authorized...
News

Naira Surges as Nigeria’s Central Bank Unifies Exchange Rates

Nigeria's naira soared by more than 27 percent against the US dollar on Monday,...
News

Nigeria’s Economy Faces Severe Pressure as Business Activity Shrinks

Nigeria, Africa’s largest economy, is facing a serious economic crisis as its business activity...
Business

CBN Initiates New Measures to Stabilize Nigeria’s Forex Market

Nigeria's Central Bank (CBN) has unveiled fresh strategies aimed at bolstering the Naira, which...
Business

Fuel Price: Uncertainty as Crude Oil Climbs to $93.50

Recent spikes in the global crude oil price have instilled anxiety among Nigerians regarding...

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News

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.
News

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.