President Bola Tinubu has sacked two powerful ministers, one of them is Wale Edun of Finance and named their replacement in a minor cabinet reshuffled.
Nigerian government updates the banned import list, including cement and fertiliser, effective April 1, 2026, amid World Bank's calls to enhance competitiveness.
Nigeria's new VAT formula increases states' share to 55%, shifting N461.27bn to local governments and marking a pivotal change in fiscal federalism for 2026.
Nigeria's naira is set to appreciate to N1,350-N1,450 per dollar by 2026, driven by FX reforms amid global oil price risks and easing inflation, CardinalStone says.
Togo, Niger and Benin owe Nigeria over $17.8 million (over N25 billion) for electricity supply, the Nigerian Electricity Regulatory Commission (NERC) has disclosed.
The Nigeria Revenue Service (NRS), working with NITDA, has accredited Pillarcraft Cloud Solutions as a System Integrator for the national e-invoicing framework.
In 2025, the naira appreciated by over 7%, supported by CBN reforms, rising external reserves to $45.60 billion, transforming the FX market for a stable currency.
PwC projects Nigeria’s poverty rate will reach 62 percent by 2026, leaving about 141 million people poor as weak incomes and high living costs persist.
Naira begins 2026 strong despite a 20.67% decline in FX inflows, backed by local sources supplying FX, as disparity grows between official and parallel markets.
Nigeria's 2026 budget faces uncertainty as oil earnings hinge on global supply challenges and competition from Venezuela. Experts urge diversification.
The CPPE has warned that the reform could fail unless it is implemented gradually and with strong consideration for Nigeria’s economic and political realities.
Economy
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