The Court of Appeal announces a judgment date in the case concerning the registration of the Nigeria Democratic Congress (NDC) ahead of the 2027 elections.
Naira slips to N1,329.15 per dollar as official FX market turnover surges 174%, while reserves hit $54.607bn and the parallel-market rate strengthens to N1,370.
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.
Nigeria's naira modestly gains to ₦1,423.17/USD in the official market, while the parallel market weakens amid dollar scarcity, widening exchange rate gaps.
Economy
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