Economy
Nigeria’s Capital Importation Rises to $5.64bn in Q1 2025, UK Leads Inflows
Nigeria recorded a robust uptick in capital inflows in the first quarter of 2025, with total capital importation rising by...
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FG Reaffirms Commitment to Strengthening Trade, Investment Ties with the United States
The Federal Government has reaffirmed its commitment to deepening trade and investment relations with the United States as part of...
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Federal Government Moves to Revive Nigeria’s Textile Industry with Kaduna Facility Tour
In a renewed push to revive Nigeria’s cotton, textile, and garment (CTG) industry, the Minister of State for Industry, Trade...
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Tinubu Signs Landmark Nigerian Insurance Industry Reform Bill into Law
President Bola Ahmed Tinubu has signed the Nigerian Insurance Industry Reform Bill, 2025 into law, marking a significant milestone in...
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Asian Shares Climb on Hopes of Lower U.S. Tariffs for Japanese Carmakers
Asian stocks rose on Wednesday, boosted by optimism that Japan could secure lower U.S. auto tariffs in upcoming negotiations. Japan’s...
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Nigeria Exceeds 1.8m bpd Oil Output in July, Boosting 2025 Budget Targets
Nigeria’s ambition to meet its 2.06 million barrels per day (bpd) crude oil production target for the 2025 national budget...
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IMF Raises Nigeria’s 2025 Growth Forecast to 3.4%, Urges Structural Reforms
The International Monetary Fund (IMF) has revised Nigeria’s economic growth forecast upward, projecting a 3.4% GDP growth in 2025 and...
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FIRS Halts Issuance of Tax Exemption Certificates for All Entities
The Federal Inland Revenue Service (FIRS) has officially discontinued the issuance of tax exemption certificates across all categories of taxpayers,...
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Real Estate Sector Now Nigeria’s Third-Largest Industry with N41.3tn Valuation After GDP Rebasing
Nigeria’s real estate sector has emerged as the third-largest contributor to the nation’s economy, following the latest Gross Domestic Product...
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MAN Warns FG Against Overestimating GDP Growth Amid Weak Real Sector Performance
The Manufacturers Association of Nigeria (MAN) has cautioned the federal government not to mistake the recently reported 18.3% year-on-year GDP...
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