External reserves boost Naira stability beyond central bank goals
Nigeria's naira gained ground on Monday as the nation's external reserves climbed past the Central Bank's year-end target. Official figures...
Economy
67 articles
Lagos firms maintain government-sanctioned tax breaks through reformed system
Businesses holding approved tax incentives under repealed laws will keep those benefits until they expire, the Federal Government confirmed this...
Federal government, states, local councils receive N2.25 trillion revenue boost
Nigeria's three-tier governments shared N2.25 trillion last month. That's a jump from N2.03 trillion in March. The Federation Account Allocation...
Nigeria and Angola emerge stronger while energy crisis devastates other African nations
Nigeria and Angola are positioned to benefit from surging energy prices triggered by Middle East tensions, the World Bank said...
Economic strain mounts as Nigeria raises VAT while corporate revenues decline
Nigerian businesses are raking in sales but struggling to turn them into actual profits, latest tax data shows. The situation...
Nigeria plans to process shea butter locally, tripling industry revenue gains
Nigeria's Commodity Exchange has rolled out an ambitious plan to reshape the shea industry. The strategy aims to boost domestic...
Nigeria's Manufacturing Sector Declines as Industrial Competitiveness Weakens Significantly
Nigeria's manufacturing sector once powered the economy. Today it barely registers. Back in the early 1980s, factories hummed across Lagos,...
Investors surge into one-year bills amid rising Treasury paper returns
Nigeria's Treasury bill yields climbed slightly at Wednesday's primary market auction despite ample liquidity in the financial system. Investors continued...
Nigerian Currency Strengthens Against Dollar Amid Increased Market Liquidity
Nigeria's currency climbed to its strongest level in nearly a month on Wednesday. The naira hit N1,357.26 per dollar at...
Diaspora investors navigate six promising opportunities within Nigeria's reformed taxation framework
Nigeria's new tax law is forcing diaspora investors to rethink how they channel money back home. The Tax Act 2025...
Lagos economy drives Nigeria's swift resurgence forward
Nigeria's economy grew by 3.89 percent in the first quarter of 2026. The National Bureau of Statistics released the data...
PEBEC drives agencies toward unified data systems for commerce
Nigeria's government is pushing hard to connect data systems across its agencies. The move aims to make doing business easier...