One person has reportedly been killed in Osogbo, the Osun state capital, after gunmen attempted to gain access to Davido, the award-winning Nigerian singer.
Naira appreciates against the US dollar, reaching a five-month high as Nigeria's reserves hit $52 billion. Inflation eases, but food prices continue to rise.
Bismarck Rewane offers a hopeful outlook for Nigeria's economy in 2026, highlighting risks like oil price volatility and opportunities in fintech, energy, and AI.
Employers in Nigeria must file annual PAYE returns by January, detailing all paid individuals. LIRS provides e-filing support to ensure compliance with new tax laws.
The naira shows mixed results, closing at ₦1,420.69 officially, while analysts forecast a firmer rate by 2026 due to improved agriculture and lower inflation.
Nigeria's biggest banks, including Access and UBA, commit to under 30-minute fraud response times, bolstered by BVN and NIN integration to combat rising threats.
An X user compared grocery prices from 2020 and 2025, using the same supermarket receipt, showing items, which cost N25,225 five years ago, now sell for N147,050.
Nigeria's naira is set to stabilise at N1,400-N1,500 per dollar by 2026, driven by oil reforms, domestic investment, and improved fiscal discipline.
The naira appreciated against the dollar to N1,419.35, supported by strong dollar supply and rising external reserves amid global forex market tensions.
Nigeria's banks face a recapitalisation deadline by March 31, 2026, prompting strategic shifts as lenders aim for long-term stability and financial resilience.
Nigerians express panic over new VAT claims on bank transfers, but NRS clarifies that existing VAT applies only to service fees, not customer funds.
Economy
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