Has Nigeria Turned a Corner? Investors Think SoNigeria’s fortunes appear to be looking up after nearly two years of painful economic reforms that triggered a cost-of-living crisis.Improved security in its main oil-producing regiRead More
Finance and Economy
Portfolio Investment In Equities Surge To N5.59trnThe total portfolio investments from both domestic and foreign investors on the Nigerian Exchange Limited (NGX) hit N5.587 trillion for the year 2024. This was revealed in the laRead More
The executive director, Nigeria Export Promotion Council (NEPC), Mrs Nonye Ayeni, has said Nigeria recorded an increase in volume of trade in 2024 by 20.7%, worth $5.45 billion.Ayeni said that during the period, 245 distinct products worth 7.2 metric tons were exported to 126 countries.
Nigeria Reclaims Position as Africa’s Largest EconomyLess than a year after falling to fourth place, Nigeria has regained its status as Africa’s largest economy, just two weeks after reclaiming its position as the continent’s toRead More
CBN introduces new charges for ATM withdrawalsThe Central Bank of Nigeria (CBN) has announced a significant overhaul of Automated Teller Machine (ATM) transaction fees, eliminating the three free monthly withdrawals previously gRead More
Neveah’s New Recycling Plant To Increase Non-Oil Exports By $100 Million AnnuallyNeveah Limited, a leading indigenous commodities export company, is set to launch its state-of-the-art aluminium and copper recycling plant in ORead More
Tinubu increases 2025 budget.President Bola Tinubu, yesterday, increased the appropriation bill for the 2025 fiscal year from N49.7 trillion to N54.2 trillion.Tinubu announced the increment in separate letters, which he forwardeRead More
Olugbemi. Adeyinka Ogunleye
So which transparency is Peter Obi questioning on a request to increase the budget? The Senate and HOR just received the letter of request...
Edun Showcases Nigerias Investment Opportunities to UAE Bank DelegationThe Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has stated that the country’s economy is on the rise with great investment opRead More
Nigeria remains Africa’s largest economy, says World BankThe World Bank’s Country Director for Nigeria, Dr. Ndiame Diop, has confirmed that Nigeria remains the largest economy in Africa by Gross Domestic Product (GDP) despite thRead More
Sit-At-Home: Economic Activities In South-East Still At Lowest Ebb On MondaysForty-eight months after the proscribed Indigenous People of Biafra (IPOB) introduced a sit-at-home order every Monday across the states in the South-eRead More
Nigeria’s economy to experience boom as experts predict $93/b oil priceNigeria’s economy may witness an early year boom as Brent Crude, Nigeria’s blend of crude, is likely to rise to above $93 per barrel by the weekend, anaRead More
Nigeria’s VAT Revenue Hits ₦6.72 Trillion In 2024, Surges By 84.62% The Federal Inland Revenue Service (FIRS) has reported a substantial rise in Nigeria’s Value Added Tax (VAT) collections, which reached N6.72 trillion in Read More
Do not invest in Risevest and Stecs , SEC warns The Securities and Exchange Commission (SEC) has issued a warning to the public, advising against engaging in any investment-related transactions with Risevest (Victoria IslanRead More
Zenith Bank Raised Over N350bn in Combined Rights Issue and Public OfferZenith Bank has raised N350.4bn through its recently concluded hybrid Rights Issue and Public Offer. In a statement released to the Nigerian Exchange (NRead More
NBS set to unveil rebased consumer price index reportThe National Bureau of Statistics has disclosed that its rebased Consumer Price Index will better reflect current price volatility and provide a clearer understanding of econoRead More
The National Coordinator of government-controlled SWAp, Muntaqa Umar-Sadiq, said, in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja that "the Sector Wide Approach (SWAp) has highlighted the transformative Read More
Economists Bismarck Rewane and Biodun Adedipe have expressed optimism regarding the tax reform bills currently before the National Assembly.They shared their views on the bills during the FirstBank Nigeria Economic Outlook 2025 Read More
Economy, Business and Finance in 60secsMarkets this Week – Nigeria’s Ministry of Finance Incorporated (MOFI) launched its N250bn Real Estate Fund long-term mortgages on Tuesday, December 31, 2024, to boost affordable housiRead More
Major Economic Issues to Watch in 2025Beyond the promises of President Bola Tinubu to turn Nigeria around for good, analysts said Nigerians will be the judge in 2025 the way the current administration handles issues like the newRead More
Inioluwa Ogunleye
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Marine and Blue Economy: Time for Fubura, Oborevwori, Sanwo-Olu, others to join the trainNigeria’s establishment of a full fledged Ministry of Marine and Blue Economy in 2023 demonstrated President Bola Ahmed Tinubu’s commitment Read More
Taiwo Oloyede's explains this on tax billHOW THE PERSONAL INCOME TAX CHANGES WILL AFFECT YOUQ1 - What is the thinking behind the proposed changes to the current tax table of personal income brackets and rates?A1 - The current taRead More
Analyst questions FG's 2025 budget over curious allocationsWaziri Adio, a respected public policy analyst and founder of the Agora Policy think tank, has raised critical concerns over “curious” allocations in the federal governmRead More
Saudi trip yields investments, jobs for Nigerians – EdunThe Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has disclosed that Nigeria’s recent economic diplomacy efforts in Saudi Arabia have already staRead More
Higher budget deficit may further depreciate naira FitchFitch Ratings has warned that Nigeria’s efforts to stabilise its economy could face significant challenges if it fails to meet its fiscal deficit reduction targets. The gloRead More
Nigeria Missing Among Top African Countries With Highest Debt To IMF In 2024 As several African nations continue to grapple with economic instability, many have turned to the International Monetary Fund (IMF) for financial Read More
Nigeria Exports Goods Worth N1.5tn To ECOWAS In Q3Nigeria’s exports to countries in the Economic Community of West African States reached N1.54tn in the third quarter of 2024, the National Bureau of Statistics has said. Data froRead More
2024 Recap: How Zacch Adedeji Broke Record Of Tax Administration In NigeriaChange is never easy, but it is often necessary. In 2024, Nigeria witnessed a series of reforms that underscored the power of determined and purposeful lRead More
Fed Govt, Bloomberg Partner to Boost InvestmentsIn a move aimed at attracting more foreign investments and showcase Nigeria’s economic potential, the Federal Government has entered into a two-year partnership with a foreign mediaRead More
Tax Reforms: States should focus on exporting key produce – Archbishop YahayaThe Archbishop of the Anglican Communion of Kaduna Province, Timothy Yahaya, has conducted a critical analysis of Nigeria’s tax reform bills, stating tRead More
Zacch Adedeji commends NPA for ‘smooth’ operations of crude oil sale in nairaZacch Adedeji, chairman of the Federal Inland Revenue Service (FIRS), has commended the one-stop-shop (OSS) team, led by the Nigerian Ports Authority (Read More
I Have No Regret Removing Fuel Subsidy – Tinubu President Bola Ahmed Tinubu has reaffirmed his administration’s stance on the removal of fuel subsidies, describing the decision as a necessary and forward-looking policy to sRead More
Olugbemi. Adeyinka Ogunleye
If you thread a path where many had out of fear not throden, you cannot afford to look back. You stay the course, till you're out at the end of the tunnel
2025 budget passes second reading, N’Assembly adjourns till Jan 14The Senate on Thursday passed the 2025 Appropriation Bill of N49.7 trillion for its second reading, following its presentation by President Bola Ahmed Tinubu befoRead More
$42.01 Billion Reserves Can Finance Importation For Nine Months - CBNThe Central Bank of Nigeria (CBN) yesterday said the country’s $42.01 billion external reserves could finance importation of goods and services for more than nRead More
Tax Reform Bills Will See Light Of Day – NASS Assures TinubuThe National Assembly has vowed that the Tax Reform Bills forwarded to it for consideration and passage by President Bola Tinubu in October this year would see the lighRead More
Tinubu Eyes ₦1,500/Dollar Rate In 2025 Budget GoalsPresident Bola Tinubu has unveiled the 2025 Appropriation Bill, which sets an ambitious exchange rate target of ₦1,500 to the dollar. The bill, presented to the 10th National AsRead More
Debt Servicing To Gulp ₦15.81trillion In 2025 Budget - TinubuPresident Bola Tinubu has allocated a total sum of N15.81 trillion for debt servicing in his proposed 2025 “restoration budget”. Tinubu disclosed this while presentinRead More
Economy Responding Positively To My Policies - TinubuPresident Bola Tinubu has assured Nigerians that the economic reforms implemented by his administration are beginning to yield positive results. Speaking during the presentatiRead More
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Finance, Investment and Economic matters
Finance, Investment and Economic matters
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