An FBI document from the US Embassy in Nigeria has shown the actual age of President Bola Tinubu. You should read the content of the short document that surfaced.
The naira strengthens to ₦1,329 against the US dollar, buoyed by increased external reserves and renewed investor confidence, marking a promising start to September.
The CBN's $7.53 billion intervention stabilised the naira, noting a 7.14% gain in 2025, reversing past deficits with a $4.60 billion balance of payments surplus.
Applications are now open for the FGN–ALAT Digital Skillnovation Programme, empowering young Nigerians with vital digital skills for entrepreneurship.
Nigeria's current account surplus narrows to $3.42bn despite rising crude oil and refined petroleum exports, as remittances provide vital external support.
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.
In 2025, South Sudanese pound and Ethiopian birr faced severe declines, revealing economic fragility and inflation's impact on everyday life across Africa.
Economy
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