Economy VAT revenue rises to N1.08tn in January as new sharing formula takes effect March 4, 2026 Oloye Total Value Added Tax (VAT) collections rose sharply to N1.08tn in January 2026, marking the first full month under Nigeria’s revised VAT sharing formula. Documents presented at the February meeting…
Economy Dangote signs $1 billion china deal to expand African plants March 2, 2026 New Daily Prime By Clement Abayomi Dangote Cement Plc has signed a $1 billion agreement with China’s Sinoma International Engineering in Lagos to build and expand cement plants across seven African countries. The…
Economy Edun praises Nigeria’s economy record of 4.07% GDP growth in Q4 2025 February 28, 2026 Damilola The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has welcomed newly released economic figures showing that Nigeria’s real Gross Domestic Product (GDP) expanded by 4.07 percent…
Economy Finance minister sets out 10-year plan for $1tn Nigeria economy February 26, 2026 Olaoluwa Vincent Ajayi Nigeria must post annual economic growth of between 10 and 12 per cent for the next decade to achieve its ambition of becoming a $1 trillion economy, the minister of…
Economy Tinubu says Naira will strengthen to ₦1,000 per Dollar in coming weeks February 25, 2026 Oloye President Bola Ahmed Tinubu has expressed confidence that the naira will appreciate to ₦1,000 against the United States dollar in the coming weeks, citing ongoing monetary policy interventions by his…
Economy Nigeria News Naira slides sharply against Dollar as parallel rate hits N1,370; CBN monitors market February 23, 2026 Oloye The Nigerian Naira weakened sharply against the United States dollar on Monday, marking a notable decline in both the parallel and official foreign exchange markets. At the black market in…
Economy Nigeria News 2027: PFN opposes proposed shift of elections over Ramadan concerns February 22, 2026 Damilola The Pentecostal Fellowship of Nigeria has rejected suggestions to adjust the 2027 general election timetable because it overlaps with the Ramadan fasting period, cautioning that such a move could undermine…
Economy DMO: Nigeria’s public debt rises to N153.29tn in Q3 2025 February 20, 2026 Damilola Nigeria’s total public debt climbed to N153.29 trillion as of September 30, 2025, reflecting continued growth in both domestic and external obligations, according to fresh data released by the Debt…
Economy Naira gains to N1,340/$ at parallel market — strongest since 2024 February 20, 2026 Damilola The Nigerian currency strengthened to N1,340 per dollar at the parallel segment of the foreign exchange market on Friday, marking a 1.12 percent appreciation from N1,355/$ recorded on February 19.…
Economy FG to implement 30% of 2025 capital budget by November February 19, 2026 Damilola The Federal Government has announced plans to implement 30 per cent of the 2025 capital budget before the end of November, in a renewed push to accelerate project delivery and…
