President Bola Ahmed Tinubu has announced a new appointment for a former APC vice presidential placeholder, assigning the politician a fresh role.
Naira strengthens to N1,337.28 per dollar amid improved liquidity; Nigeria’s external reserves rise to $53.3 billion, signalling positive economic stability.
Femi Otedola shared his thoughts on the economic reforms of President Tinubu, as he disclosed that First Bank has met the N500 billion recapitalisation requirement.
The naira appreciates 6.5% in 2025, led by CBN reforms and improved FX liquidity, yet structural vulnerabilities keep economists cautiously optimistic.
Nigeria's economic recovery strengthened in December 2025, with 32 of 36 subsectors growing, while the naira ended the year weaker despite CBN interventions.
Federal Government denied plans to monitor bank accounts for tax; small businesses earning below ₦12 million exempt from income tax under new reforms.
In 2025, South Sudanese pound and Ethiopian birr faced severe declines, revealing economic fragility and inflation's impact on everyday life across Africa.
The naira weakens to ₦1,445.68/$ 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.
Nigeria's revenue system transforms with the Federal Inland Revenue Service evolving into the Nigeria Revenue Service in January 2026, boosting transparency.
The NNPCL has written off subsidy arrears and other debts owed by the federal government amounting to N4.01 trillion, following a reconciliation of accounts.
Economy
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