FCT High Court orders the arrest of former minister Sadiya Umar Farouq and Permanent Secretary Bashir Nura Alkali for failing to appear over corruption charges.
NESG has called on the government to amend key economic laws, including the Nigeria Tax Act, the PIA, and the Electricity Act, to improve the business environment.
Nigerian banks introduce a 10% withholding tax on foreign currency deposit interest from January 1, 2026, amidst President Tinubu's tax reforms for a fairer system.
Femi Otedola shared his thoughts on the economic reforms of President Tinubu, as he disclosed that First Bank has met the N500 billion recapitalisation requirement.
The naira appreciates 6.5% in 2025, led by CBN reforms and improved FX liquidity, yet structural vulnerabilities keep economists cautiously optimistic.
Nigeria's economic recovery strengthened in December 2025, with 32 of 36 subsectors growing, while the naira ended the year weaker despite CBN interventions.
Federal Government denied plans to monitor bank accounts for tax; small businesses earning below ₦12 million exempt from income tax under new reforms.
Apply for YEIDEP Batch B and receive grants of ₦50,000 to ₦500,000 to support youth entrepreneurship in Nigeria, empowering young innovators and boost inclusion.
In 2025, South Sudanese pound and Ethiopian birr faced severe declines, revealing economic fragility and inflation's impact on everyday life across Africa.
The naira weakens to ₦1,445.68/$ despite CBN's dollar sales, while Nigeria's external reserves rise to $45.45bn, highlighting ongoing currency stability challenges.
Ten Nigerian states plan to raise about N4.287 trillion from loans, bonds, grants, and public-private partnerships to fund their 2026 budget proposals.
Economy
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