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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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Nigerian Central Bank Hikes Interest Rate to 26.25%

Nigeria’s Central Bank raised its benchmark interest rate to 26.25%, aiming to curb inflation and stabilize the economy despite potential growth impacts.
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CBN Hikes Interest Rate to 26.25%, OPS Protests

The Central Bank of Nigeria raises the MPR to 26.25%, aiming to curb inflation but sparking concerns among businesses about higher borrowing costs.
News

Shell Contributed $1.09bn in Taxes in 2023

In 2023, Shell Nigeria paid $1.09 billion in taxes and royalties, underscoring its substantial financial contribution to the Nigerian government and its economic development.
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SDP Candidate Urges Shift from Wage Hikes to Social Investments

SDP's Adebayo champions social investments over wage increases, emphasizing a sustainable approach to supporting all citizens.
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Nigerian Families Grapple with Triple Economic Crisis

In a season of triple shocks, Nigerian families are battling to contain an escalating...
Business

Tinubu’s Missteps: Fuel Import Licenses and Naira Float

Recent proposals by prominent Nigerian politician Bola Tinubu regarding fuel import licenses and floating...
Politics

Obi Criticizes CBN’s Rate Hike, Foresees Economic Woes

Peter Obi slams CBN's decision, predicts job losses and hardship.
News

Naira Hits Record Low on Official Exchange, Nears N1,500/$ Mark

The naira plunges to a new all-time low on the official market, raising concerns over potential economic impacts and market stability.
Business

SERAP Calls for Reduction of National Assembly’s ‘Excessive’ N344.85b Budget

SERAP urges Senate President Akpabio and Speaker Abbas to cut the National Assembly's N344.85 billion budget, advocating for fiscal responsibility in line with Nigeria's economic realitie
News

Nigeria to Send 4000 Skilled Artisans to UAE in Landmark Labor Export Deal

Nigeria set to send 4000 artisans to UAE, marking a significant stride in labor export and economic relations enhancement.
News

Nigeria Bolsters Food Security with Enhanced Wet Season Farming Strategy

In a significant move to bolster food production, Nigeria's Minister of Agriculture and Food...
Business

Supreme Court Extends Validity of Old and New Naira Notes

Nigeria's Supreme Court has ruled in favor of the indefinite legal tender status of both old and new naira notes, impacting the nation's economy.
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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.
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.