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Economy
189 posts
Federal Government Announces Future Reassessment of N70,000 Minimum Wage
Chief of Staff Femi Gbajabiamila has announced that the federal government plans to review the N70,000 minimum wage, citing the need for compensation to match rising living costs.
Taiwo Oyedele: Nigeria’s Path to Growth Depends on Optimized Tax System
Presidential tax reform lead Taiwo Oyedele and CITN officials discuss how public education and fairness in administration are critical to unlocking Nigeria's development potential through tax reform.
Government implements temporary VAT reduction on family activities and children’s meals
A temporary VAT reduction on family attractions and children's meals launches this week, though experts and businesses question its overall effectiveness and implementation costs.
Experts urge local investment to replace $2.1 billion ceramic imports
Industry stakeholders at the NCISPE 2026 summit are calling for increased local production to offset a projected $2.1 billion in ceramic imports, criticizing the absence of key government agencies at the event.
Zamfara State Government Outlines Use of World Bank SABER Funding
The Zamfara State Government is utilizing World Bank SABER funds to improve local infrastructure and business systems, including the establishment of new small claims courts.
Nigeria Emphasizes Local Revenue Growth as Key to Development
Nigeria's finance officials and international partners discuss why sub-national fiscal capacity is essential for achieving national development goals.
Nigeria Uncovers Vast Mineral Deposits in Kaduna, Invites Global Investors
Nigeria has identified significant high-grade deposits of gold, platinum, nickel, and other critical minerals in Kaduna State, leading to a new push for international mining investment.
Cross River Customs Intercepts Contraband Valued at N273 Million
Nigeria Customs in Cross River has seized N273.68 million worth of prohibited goods, including vegetable oil and used tyres, following intensified enforcement operations.
Mahdi Shehu Criticizes Nigerian Government’s Revenue-Driven Tax Policies
Mahdi Shehu argues that the Nigerian government's focus on aggressive revenue generation is worsening economic hardship and undermining long-term national development.
Central Bank Governor Cardoso Starts Naira Ambassadors Initiative
CBN Governor Olayemi Cardoso has introduced the Naira Ambassadors Club to encourage young students to handle the national currency with care and responsibility.