Economy
Nigeria Draws $1.5bn from UAE’s $5bn Financing Facility to Refinance Debt
Nigeria has accessed the first tranche of its $5 billion derivatives-based financing arrangement with the United Arab Emirates’ largest lender,...
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S&P Global Raises Nigeria’s 2026 Inflation Forecast to 16.9%, Cuts GDP Growth Outlook
S&P Global has raised its forecast for Nigeria’s average inflation rate in 2026 to 16.9 per cent from its earlier...
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Nigeria Needs More Taxpayers, Not Higher Taxes, Says Oyedele
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said Nigeria’s revenue challenge is not about...
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CITN Backs New Tax Regime, Highlights Reliefs for Workers, Small Businesses
The Chartered Institute of Taxation of Nigeria (CITN) has endorsed the country’s new tax regime, saying the reforms provide significant...
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FG Borrowing Jumps 75.6% to N40.38tn as Banks Increase Exposure to Public Debt
Nigeria’s credit exposure to the Federal Government surged by 75.6 per cent year-on-year to N40.38 trillion in May 2026, highlighting...
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Nigeria Pushes for Africa-Wide Payment Card to Enable Direct Currency Transactions
The Federal Government has called for the development of a cross-border payment card that would enable transactions between African currencies...
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Tax Authorities Tighten Oversight as New Practitioners Warned on Ethics and Compliance
Certified tax practitioners have been cautioned to prepare for stricter monitoring, enforcement and compliance measures as authorities intensify efforts to...
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ACCI Seeks Stronger Partnership with Fiscal Responsibility Commission on Economic Reforms
The Abuja Chamber of Commerce and Industry (ACCI) has called for stronger collaboration with the Fiscal Responsibility Commission (FRC) to...
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Tinubu Hails Nigeria’s Youths as Mastercard Unveils Plan to Train Five Million Businesses
President Bola Ahmed Tinubu has described Nigeria’s youthful population as the country’s greatest asset, assuring foreign investors that the nation’s...
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Mastercard Brings $2bn Forex Into Nigeria, Prevents $200m Fraud — CEO
Mastercard’s Global Chief Executive Officer, Michael Miebach, has disclosed that the company contributes approximately $2 billion in foreign exchange inflows...
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