Economy
FG spends nearly 72% of revenue on debt servicing in seven months
The Federal Government devoted nearly three-quarters of its total revenue to debt servicing in the first seven months of 2025,...
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Presidency silent over alleged discrepancies in gazetted tax laws
The Presidency is yet to respond to allegations of discrepancies between the tax bills passed by the National Assembly and...
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Nigeria attracts $9.88bn investment commitments, creates over 5,000 jobs in 2025
Nigeria attracted investment commitments valued at about $9.88bn in 2025, with projects facilitated by the Nigerian Investment Promotion Commission (NIPC)...
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Nigeria’s trade with ECOWAS jumps 43% to N6.9tn in nine months
Nigeria’s trade with other member states of the Economic Community of West African States (ECOWAS) rose by 43 per cent...
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House approves 2026–2028 MTEF, sets $64.85 oil benchmark for 2026
The House of Representatives on Thursday approved the 2026–2028 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP), endorsing a...
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World Bank set to approve $500m MSME finance loan for Nigeria
The World Bank is expected to approve a $500m loan to Nigeria on Friday as part of efforts to expand...
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DMO Moves to Strengthen States’ Borrowing Discipline, Warns of Debt Risks
The Debt Management Office (DMO) has intensified efforts to strengthen borrowing discipline among subnational governments, particularly in Northern Nigeria, warning...
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RMAFC: Federation Account Accrues N56.42trn in Three Years
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has disclosed that Nigeria’s federation accounts recorded total gross accruals of N56.42...
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Senate Cuts 2026 Oil Benchmark to $60, Approves N54.46tr Spending Framework
The Senate on Tuesday approved a downward revision of Nigeria’s crude oil benchmark to $60 per barrel for 2026, while...
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FG Mandates Tax ID for All Taxable Nigerians to Operate Bank Accounts from January 2026
The Federal Government has announced that, effective January 1, 2026, all taxable Nigerians must possess a Tax Identification Number (TIN)...
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