US President Donald Trump says he is considering winding down the Iran war as Washington nears key military objectives amid rising global tensions.
Naira depreciated to N1,353 per dollar as foreign exchange demand rises; Nigeria's reserves dip to $49.83bn amid soaring global oil prices and Middle East tensions.
The Kano State Government has announced plans to train at least 50,000 young people across the state in 2026 as part of efforts to reduce unemployment.
The EU has removed Nigeria and five other African countries from its high-risk list, following successful AML/CFT reforms and delisting from the FATF grey list.
Food inflation in Nigeria slowed to 10.84% in December 2025, with Yobe, Ogun, and Abuja recording the highest increases, while prices of key staples declined.
Naira rallies against the US dollar amid improved economic outlook and easing demand pressures, closing at N1,419.28, signalling renewed confidence,
Nigeria's inflation rates fell to 15.15% in December 2025, a sharp decrease from 34.80%. Food inflation moderated to 10.84%, but living costs still challenge.
The NESG projects Nigeria’s reserves rising to $52 billion in 2026, with inflation easing and economic growth reaching 5.5 percent, driven by key productive sectors.
Nigerians will face a new 7.5% VAT on digital banking services from January 2026, sparking concerns over financial strain amid criticism from consumer groups.
The NRS chairman, Dr Zacch Adedeji, has stated that food and transportation, which are essential to the ordinary man, are exempt from the new tax laws.
The top 10 ministries got a cumulative allocation of N48,31 trillion, in which the Ministry of Finance and Coordinating Economy got the highest allocation.
Economy
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