Economy

Nigeria needs more taxpayers, not higher taxes – Oyedele

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on Thursday said Nigeria’s revenue challenge lies in expanding the tax net...

Ogun attracts $250m dairy investment in agric sector

Ogun State has secured a $250m investment in its agricultural sector as Pure Dairy Herds announced plans to establish a large-scale dairy farm in...

Debt payments exceed health, education spending five times

Nigeria spends nearly five times more of its national revenue on servicing external debts than on healthcare and education combined, according to a new...

N5.2tn remains outside banks despite CBN cashless push

Cash held outside Nigeria’s banking system rose to N5.19tn in May 2026, despite the Central Bank of Nigeria’s sustained push for digital payments and...

Tinubu seeks fresh $6bn loan from UAE, UK

President Bola Ahmed Tinubu has requested Senate approval for new external loans totalling $6 billion to fund infrastructure projects, debt servicing, and port rehabilitation.In...

Nigeria faces $14bn annual infrastructure funding shortfall – Edun

The Minister of Finance and Coordinating Minister for the Economy, Mr Olawale Edun, has disclosed that Nigeria has a $14bn annual infrastructure investment gap,...

Access Holdings Boosts Economic Partnership with Cameroon

Access Holdings has initiated moves to strengthen economic cooperation with Cameroon.This emerged as the Chairman of the financial institution, Aigboje Aig-Imoukhuede, met with the...

CRFFN seeks digital platform to boost industry

Nigeria’s freight forwarding industry could unlock tens of trillions of naira in annual value if stakeholders align on a unified digital and reporting platform,...

CBN unveils 2026 monetary policy agenda

The Central Bank of Nigeria (CBN) has unveiled its 2026 monetary policy agenda, focusing on reducing inflation to single digits, stabilising the exchange rate,...

CBN allows IOCs to repatriate 100% of export proceeds

The Central Bank of Nigeria has reversed its policy of cash pooling requirements for International Oil Companies operating in Nigeria, allowing the IOCs to...

FG launches digital trade portal, sets March 27 go-live date

The federal government has launched the national single window (NSW) project, also known as the digital trade portal, as part of efforts to reduce...

Tax authorities tighten scrutiny on related-party transactions

Nigeria’s tax authorities are increasing scrutiny of transactions between related companies as part of efforts to boost revenue and reduce tax leakages.The increased focus...

FG: Nigeria Not Experiencing Fiscal Collapse, Ongoing Reforms Signal Correction

The federal government has dismissed concerns that Nigeria’s public finances are deteriorating, insisting that the country is not facing a fiscal collapse but undergoing...

JP Morgan Warns DFC Insurance Cap is Too Small for the Risk

In an oil flash note sent to Rigzone late Wednesday by Natasha Kaneva, J.P. Morgan’s head of global commodities strategy, analysts at the company,...

CBN reduces interest rate to 26.5%

The Central Bank of Nigeria (CBN), yesterday, reduced the Monetary Policy Rate (MPR), the benchmark interest rate by 50 basis points from 27 per...

PENGASSAN faults 30 per cent oil revenue claim, seeks PIA review

The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Festus Osifo, has faulted the public explanation surrounding the Federal Government’s...

Nigeria loses N1.76tn after missing OPEC quota

Nigeria’s oil sector lost an estimated N1.76tn in potential crude oil revenue due to its failure to meet the production quota set by the...

The Central Bank of Nigeria, on Thursday, reaffirmed its commitment to sweeping economic reforms aimed at stabilising the economy and positioning the country for...

VFD Group appoints new manager

VFD Group Plc has announced the appointment of Martins Akpore as Group Head, Centralised Critical Functions at the company. In a statement released on Wednesday,...

Tax reforms may reshape real estate sector – Stakeholders

  Experts in the real estate sector have stated that the tax reforms introduced by the Federal Government may change the dynamics of the real...

Most Read