Nigeria could enter 2026 on its strongest economic footing in more than a decade, according to leading economist, Bismarck Rewane. He said a combination of easing inflation, rising investment, major corporate listings and stabilising monetary conditions will propel the country into a new and more durable cycle of growth. Presenting his projections at the Parthian…
The National Bureau of Statistics (NBS) said Nigeria’s Gross Domestic Product (GDP) grew by 3.98 per cent (year-on-year) in real terms in the third quarter (Q3) of 2025. The report also said the growth rate is higher than the 3.86 per cent recorded in the third quarter of 2024. NBS said in nominal terms, the…
Nigeria’s President Bola Tinubu has directed financial and capital market regulators to monitor the growing use of stablecoins and digital currencies in the country, warning that the shift away from traditional banking channels poses challenges that must be managed proactively. Speaking at the 18th Annual Banking and Finance Conference of the Chartered Institute of Bankers…
Nigeria’s foreign reserves has reached $41 billion, highest point since December 2021, sparking cautious cheers in Abuja, the seat of government. To put it simply, foreign reserves are the country’s emergency savings, mostly in dollars, used to pay for imports like fuel, machinery, and food. Hitting this level is a sharp turnaround from late 2024…
The Nigerian government has moved to ensure that all contracts awarded by Ministries, Departments, and Agencies (MDAs) are backed by available funds before any legal commitments are made. Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, disclosed this in Abuja during the Stakeholders’ Engagement on the Implementation of the 2025 Capital…
Presidential Committee on Tax Policy and Fiscal Reform has said the ongoing tax reforms go beyond revenue generation, aiming instead to reposition the country’s economic trajectory. Its Chairman, Mr Taiwo Oyedele, made this clarification in Lagos at the inaugural Annual Workshop for Attorneys-General on emerging issues in the communications sector. Oyedele noted that the reforms…
The Federal Inland Revenue Service (FIRS) said it has stopped the issuance of tax exemption certificates to all categories of taxpayers, including pioneer status companies, non-governmental organisations (NGOs), and entities operating in free trade zones. In a public notice issued by FIRS, the tax authority said the decision is part of ongoing efforts to ensure…
The Federal Government has formally unveiled YouthCred, a national credit scheme targeted at providing affordable consumer credit to 400,000 young Nigerians, including members of the National Youth Service Corps (NYSC). The initiative, which is managed by the Nigerian Consumer Credit Corporation (CREDICORP), began disbursing credit on a rolling basis and has already reached its 1,000th…
Lagos State government has launched the Produce for Lagos Programme alongside a groundbreaking ₦500 billion Offtake Guarantee Fund, a move designed to tackle the menace of food insecurity in the state. The initiative, unveiled at the Lagos House in Ikeja, is designed to secure the state’s food supply, generate employment, and catalyse a new era…
