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Nigeria Economy

Project Diversion: Amosun Accuses Ogun Senator Adeola

Amosun accuses Ogun Senator Adeola of misrepresenting project funding for the Ake Pavilion, with Adeola’s camp explaining the budgetary context and denying any diversion.

Okpebholo Visits Kano Families of Victims Killed in Edo Attack

Governor Okpebholo visits Kano victims' families, assures justice after the Uromi killings

Diaspora Remittances Surge 79 Percent To $4.18billion– Cardoso

CBN reports diaspora remittances up 79 Percent to $4.18bn in 9M’24.

CBN: Nigeria’s Economy to Grow by 4.1 Percent in 2025

Reforms demonstrate that Nigeria's economy will generate 4.1% growth with a 15% reduction in inflation according to the CBN.

Dangote Explains Sales Dynamics Following Petrol Price Cut

Dangote cuts petrol price to N899, attributes it to forces of the market and commitment to Nigeria’s economy.

Fuel Subsidy Removal Unavoidable, Tinubu Defends

Tinubu restates no regrets on subsidy removal, says it was for recovery and fiscal discipline.

Nigeria Earns $1.7 Billion in Taxes from Foreign Firms Over 9 Months

Nigeria's tax revenue from foreign firms surged 44% in 9M 2024, hitting N2.57 trillion, amid compliance efforts.

Dangote Refinery Slashes Petrol Price To N899.50

Dangote petrol price cut brings festive relief, says PETROAN.

Dangote Refinery Exports to Other Parts of The World

Dangote refinery exports PMS, diesel to Africa countries and Europe.

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

Latest articles

Project Diversion: Amosun Accuses Ogun Senator Adeola

Amosun accuses Ogun Senator Adeola of misrepresenting project funding for the Ake Pavilion, with Adeola’s camp explaining the budgetary context and denying any diversion.

Okpebholo Visits Kano Families of Victims Killed in Edo Attack

Governor Okpebholo visits Kano victims' families, assures justice after the Uromi killings

Mali, Burkina Faso, Niger Impose 0.5% Import Levy on ECOWAS Nations

Mali, Burkina Faso, and Niger introduce an import levy to fund their new alliance, challenging ECOWAS and regional trade relations

Reps Minority Caucus Condemns Edo Travelers’ Lynching

Key Points The Minority caucus issued severe condemnation against the Edo State lynching of...