Economy

Nigeria’s Value Added Tax (VAT) collection reached a record N1.95 trillion in the fourth quarter (Q4) of 2024. 

The African Development Bank (AfDB) and its partners have mobilized $2.2 billion (about N3.4 trillion) to implement the second phase...

Nigeria’s broad money supply has declined for the third consecutive month this year, slipping slightly to N117.4 trillion in June...

Foreign Direct Investment (FDI) into Nigeria declined by 70.06% quarter-on-quarter to $126.29 million in Q1 2025, down from $421.88 million...

The Ministry of Finance Incorporated (MOFI) has announced that the Federal Government’s N38.3 trillion investment assets are under audit and...

Just three banks—Standard Chartered, Stanbic IBTC, and Citibank—accounted for 80% of Nigeria’s total capital inflows in Q1 2025, underscoring their...

Unlicensed insurance agents across Nigeria are liable, upon conviction, to a six-month jail term. 

Foreign capital inflows into Nigeria’s banking sector rose sharply to $7.0 billion in 2024, the highest annual figure recorded since...

The Federal Government has secured a $25.35 million concessionary loan from the Kuwait Fund for Arab Economic Development to support...

The Nigerian telecommunications sector recorded $80.78 million in foreign direct investments in Q1 2025, representing a 58% decline year-on-year.