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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 Strengthens to 1,518 Per Dollar on Parallel Market

Naira rises in parallel market to ₦1,518 as central bank oversight and dollar flows ease speculative pressure.
Business

Naira to the World: Rural Nigerian Women Drive Economic Change Through Digital Wallets

KEY POINTS Rural Nigerian women are leveraging digital wallets to send and receive money,...
News

Nigeria’s Inflation Battle Intensifies as MPC Meets

Nigeria's inflation battle intensifies as the MPC meets to decide on measures to curb rising prices. Key areas include interest rates, currency stability, and food security.
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Naira Gains Put Spotlight on Petrodollar Inflow

In a striking turn of events, Nigeria's currency, the naira, has experienced a noteworthy...
News

Stronger Naira Fails to Alleviate Food Insecurity Woes

Despite the recent strengthening of Nigeria's currency, the Naira, against the US dollar, many...
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Presidency Forecasts Enhanced Investor Confidence with Naira Performance

The Presidency in Nigeria has expressed optimism regarding the performance of the Naira, projecting...
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Nigeria’s Foreign Exchange Reserves Hover Near Two-Month Low at $33.36 Billion

Nigeria's foreign exchange reserves are approaching a two-month low, standing at $33.36 billion, signaling...
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...
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Nigeria’s Central Bank Boosts Dollar Inflow to $1.3 Billion

Nigeria’s central bank has increased its dollar inflow to $1.3 billion in February 2021,...
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Nigeria’s Currency Crisis: How Floating the Naira Backfired

Nigeria, Africa's largest economy, is facing a severe currency crisis that has been worsened...
Business

Naira Gains Strength as Foreign Reserves Grow**

The Nigerian currency, the naira, has appreciated against the US dollar in the parallel...
News

Presidency Slams Atiku’s Naira Floatation Plan

Former Vice President Atiku Abubakar has been criticized by the presidency for his proposal...
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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.