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Nigeria Economy

Abuja Land Owners Get Two Weeks Final Ultimatum To Pay C Of O

Landowners in Abuja must pay their Cof O bills by January 3 or they lose plots.

FCT-IRS Exceeds ₦250 Billion Tax Revenue Target for 2024

FCT-IRS generated ₦252 billion in 2024, surpassing its target with reforms and future plans focusing on new revenue streams

Naira Plummets to N1,780/$1 as Forex Volatility Grows

The naira plummets to N1,780/$1 in the black market, reversing gains as forex volatility raises concerns about Nigeria’s economic stability

Oyedele Says No Plan To Outsource Tax Collection To Consultants

Nigeria will not rely on Alpha Bata and other consultants to collect tax, FIRS is capable of doing that, Taiwo Oyedele clarifies.

Tax Reform Bills to Get National Assembly Scrutiny, Public Interest First

Experts agree on the possible pros and cons of proposed tax reform bills but Nigerians can be assured that the National Assembly will thoroughly deliberate on it in the interest of the country.

Insecurity Hampers Nigeria’s Economic Development Across Key Sectors

Insecurity disrupts Nigeria's economic development, weakening key sectors like agriculture, oil, and foreign investment, and requires multi-level solutions.

World Bank Forecasts Nigeria’s Revenue-to-GDP Ratio to Surpass 10.5%

The World Bank projects Nigeria’s revenue-to-GDP ratio to exceed 10.5% in 2024, while the government tackles inflation with agriculture-focused initiatives

Nigeria Unveils Plan to Tackle Inflation, Boost Jobs

Nigeria’s finance minister introduces economic reforms focused on reducing inflation, creating jobs, and fostering growth in agriculture, housing, and oil sectors.

Leaders Urge Tinubu to Ease Burden of Fuel Price Hike on Citizens

Nigerian leaders, including Senator Shehu Sani, call on President Tinubu to ease the impact of rising fuel prices on the poor and ensure shared sacrifices.

Why Cement Prices Are Skyrocketing in Nigeria

BUA Cement's AbdulSamad Rabiu explains the rise in cement prices in Nigeria, citing dealer practices and economic challenges as key factors.

Nigeria’s Rusty FX Market Struggles to Rebound

Nigeria’s FX market faces ongoing challenges, with liquidity shortages and volatility threatening economic recovery despite government interventions.

Nigeria to Issue $500M Bond as Capital Importation Data Awaits Release

Nigeria will auction its first $500 million domestic dollar bond as the NBS prepares its Q2 2024 capital importation report.

Nigeria’s Inflation Slows for the First Time in 19 Months

Nigeria’s inflation rate slows after 19 months of increase, offering brief relief but ongoing economic challenges remain.

Nigeria’s Economic Activity Drops for 13th Straight Month in July

Nigeria's economic activity contracts for the 13th month, as rising costs and declining employment continue to hinder growth.

Latest articles

Abuja Land Owners Get Two Weeks Final Ultimatum To Pay C Of O

Landowners in Abuja must pay their Cof O bills by January 3 or they lose plots.

FCT-IRS Exceeds ₦250 Billion Tax Revenue Target for 2024

FCT-IRS generated ₦252 billion in 2024, surpassing its target with reforms and future plans focusing on new revenue streams

Court Orders Immediate Restoration of Suspended Edo Council Chairmen

A High Court reinstated Edo’s suspended council chairmen, emphasizing collaboration and democracy in local governance amid political tension.

How Nigerian Comedians Are Reshaping the Art of Humor

Nigerian comedians are reshaping humor through storytelling, satire, and digital platforms like Netflix, bringing African humor to the global stage