Jubilation has erupted following the increment of the allowances of the security operatives in Borno state, as approved by Governor Babagana Zulum on Saturday.
In October 2025, the Nigerian government launched a 12-month paid internship programme to provide training for the youth, with a N150,000 monthly stipend.
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.
In January, Nigeria experienced mixed food price trends: staple grains fell while cooking oils rose. Relief for consumers as Abuja sees steep drops.
Ambrose Alli University’s SUG has denied organising the recent protest, insisting it was led by non-students and urging the Edo State government to release students.
The National Revenue Service (NRS) has published a phone number and an email address through which Nigerians can report tax-related issues to the agency.
Economy
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