Nigeria Records ₦23trn Federation Revenue Surge
ABUJA, Nigeria – Nigeria records ₦23.06 trillion in federation account revenue between January and October 2025, nearly doubling previous annual totals, the Revenue Mobilisation…
Topic
Nigeria Economy
Nigeria projects ₦1.9trn from new development levy
ABUJA, Nigeria – Nigeria’s Federal Government projects to generate ₦1.9 trillion in revenue in 2026 from a newly introduced development levy, marking one of…
Tinubu Launches Gas Platform to Boost Investor Confidence
Abuja, Nigeria – President Bola Ahmed Tinubu launches a digital gas trading platform aimed at restoring investor confidence and stabilising Nigeria’s domestic gas market.…
PZ Cussons Reverses Africa Exit Plan Amid Strong Economic Signals
ABUJA, Nigeria – PZ Cussons has reversed its earlier decision to exit the African market, citing Nigeria’s improving economic outlook, stronger consumer confidence, and…
UNDP, TETFund Seal Deal to Transform Nigerian Campuses into Africa’s Innovation Engine
ABUJA, Nigeria – The United Nations Development Programme (UNDP) and the Tertiary Education Trust Fund (TETFund) on Thursday signed a Memorandum of Understanding (MoU)…
CBN Announces Major Reforms to Nigeria’s Cash Policy
ABUJA, Nigeria – The Central Bank of Nigeria introduces sweeping reforms to its cash management policy, removing deposit limits and raising withdrawal ceilings to…
Nigeria’s Debt Time Bomb: Why A Nation Earning More Than Ever Is Borrowing Faster Than It Can Breathe
LAGOS, Nigeria – Despite historic revenue gains from subsidy removal, expanded taxation and FX reforms, Nigeria’s public debt is accelerating at an unprecedented pace…
FG Seeks Arab Investment in Nigeria’s Agro-Processing, Manufacturing to Boost $37bn Trade Outlook
ABUJA, Nigeria – The Federal Government has urged Arab nations to transition from exporting raw commodities to Nigeria and instead partner in agro-processing and…
Experts Urge Urgent Credit Reforms to Grow Nigeria’s Economy
LAGOS, Nigeria – Financial experts are calling for urgent nationwide credit-system reforms, warning that Nigeria cannot achieve its $1 trillion economy target by 2030…
Just In: CBN Holds 27% Rate, Extends Tough Fight Against Inflation
ABUJA, Nigeria – The Central Bank of Nigeria (CBN) has kept its Monetary Policy Rate (MPR) at 27%, reinforcing its toughest stance yet against…