Economy
News and analysis on the Nigerian economy
Nigerian Senate passes final two tax reform bills, paving way for presidential assent
The Nigerian Senate has completed legislative work on four key tax reform bills proposed by President Bola Tinubu, passing the...
Read moreDetails
Official: Nigeria repays IMF Emergency Loans obtained in 2020
The International Monetary Fund (IMF) has confirmed that Nigeria has fully repaid the $3.4 billion financial support it received under...
Read moreDetails
China pressures US to scrap tariffs as high-stakes trade talks begin in Switzerland
Beijing is putting pressure on Washington to revoke unilateral tariffs as the United States and China prepare for critical trade...
Read moreDetails
Nigeria exits IMF debtor list amid Tinubu’s fiscal reform push
The International Monetary Fund (IMF) has removed Nigeria from its list of debtor-countries, following the full settlement of outstanding credit...
Read moreDetails
ECOWAS President decries unofficial payments at West African borders, calls for reforms to drive free movement
President of the Economic Community of West African States (ECOWAS), Dr. Omar Touray, has raised concerns over unofficial payments imposed...
Read moreDetails
Senate passes two tax reform bills to modernize Nigeria’s fiscal framework, retains VAT at 7.5%
The Nigerian Senate has approved two out of four major tax reform bills proposed by President Bola Tinubu, marking a...
Read moreDetails
FG establishes inter-agency task force to fast-track cash transfers to 15 million vulnerable households
The Federal Government on Wednesday established an inter-agency task force to fast-track and address challenges delaying President Bola Ahmed Tinubu’s...
Read moreDetails
ExxonMobil to invest $1.5 billion in Nigeria’s deepwater oil fields between Q2 2025-2027
ExxonMobil has affirmed its long-term commitment to Nigeria’s oil and gas sector with a planned $1.5 billion investment in deepwater...
Read moreDetails
Abia Govt to capture households, businesses into formal tax net, targets N120 billion IGR by 2025
The Abia State Government has announced plans to launch a comprehensive enumeration of all residential and commercial properties across the...
Read moreDetails
Ogun Governor announces $400 million Stellar Steel Plant investment in Sagamu
The Governor of Ogun State, Adedapo Abiodun has announced a major investment of $400 million Stellar Steel Plant development in...
Read moreDetails
