Economy

Top 10 states by FAAC net allocation in H1 2025; Delta, Rivers, Lagos top allocation chart

August 29, 2025

Nigeria must grow GDP by 10% annually to achieve $1 trillion economy – Minister

August 28, 2025

Shea Butter Ban: Industry experts split over Tinubu’s six-month export suspension

August 28, 2025

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Economy

News and analysis on the Nigerian economy

FG proposes 5% excise duty on telecom, gaming, and betting services

by Rosalia Ozibo

October 20, 2024

The Federal Government has introduced a new bill proposing a 5% excise duty on telecommunications, gaming, and betting services as...

Economic crisis: Keke drivers battle to survive as expenses rise by over 400%

by Chigozirim Enyinnia

Soaring costs of machine parts and fuel weigh heavily on Keke drivers, pushing them into a corner where survival becomes...

Floating of Naira caused hardship for Nigerians, not subsidy removal – Expert

by Samson Akintaro

A financial expert, Dr. Olutayo Obadina, has said that the government’s floating of the Naira is the cause of the current...

Lagos to adopt Nigeria Startup Bill at state level

Tax

Lagos State to offer tax incentives to startups through Innovation Bill

by Samson Akintaro

The Lagos State Government has said it will offer tax incentives and other benefits to startups operating in the State...

Nigeria eyes another $500 million World Bank loan to support basic education

by Tobi Tunji

The Federal Government of Nigeria is negotiating a $500 million loan from the World Bank to boost basic education, focusing...

World Bank lists four ways Tinubu can cut cost of governance

by Nnaemeka Onyekachi

The World Bank has suggested four policies that President Bola Tinubu's administration should adopt to reduce the cost of governance...

Analysis: Developing countries need well designed electricity markets for EV services – World Bank

World Bank advises Nigeria to remove ban on importation of food, fertiliser and clothes

by Aghogho Udi

The World Bank has advised the federal government to remove import restrictions on food and fertiliser imports and adopt a...

New minimum wage hike affects only 4.1% of working-age Nigerians – World Bank

by Tobi Tunji

The World Bank has said that the recent increase in Nigeria’s minimum wage will only benefit a limited segment of...

FG, States and LGAs share N1.35 trillion as FAAC allocation in June

FAAC: FG, States and LGAs share N1.298 trillion in September

by Aghogho Udi

The Federation Account Allocation Committee (FAAC) has disbursed N1.298 trillion to the Federal Government, state governments, and Local Government Councils...