Browsing Tag
Economy
288 posts
Nigeria lowers vehicle import charges as traders wait for Green Tax specifics
Nigeria has cut vehicle import levies under new 2026 fiscal guidelines, but industry experts remain cautious as they await clarity on a newly introduced Green Tax.
Finance Minister Taiwo Oyedele Claims Nigeria Has Attained Macroeconomic Stability
Minister of Finance Taiwo Oyedele asserts that Nigeria has achieved macroeconomic stability following critical reforms aimed at preventing economic collapse and enabling long-term growth.
Federal Government targets N5.8 trillion via Q3 2026 Treasury Bills
The Central Bank of Nigeria aims to raise N5.8 trillion in the third quarter of 2026 through Treasury Bills to support federal government borrowing needs.
World Bank Grants Nigeria $1.25 Billion to Propel Economic Growth and Job Creation
The World Bank has committed $1.25 billion to Nigeria through the NAIJA program to bolster economic reforms, expand infrastructure, and create millions of jobs.
NNPC Reports 12.8 Percent Revenue Decline for May 2026 Amid Production Gains
The NNPC reported a revenue decline to N4.335 trillion in May despite an increase in crude oil and natural gas production levels.
Finance Minister Oyedele declares Nigeria has reached economic stability
Finance Minister Taiwo Oyedele states that Nigeria has transitioned from economic volatility to stability, with the government now focusing on long-term inclusive growth and essential fiscal reforms.
IMF Highlights Issues with Omitted Expenditure in Nigeria’s Fiscal Data
The IMF has identified roughly two percent of Nigeria's GDP in missing fiscal expenditure, urging better transparency to improve economic management and accountability.
Central Bank of Nigeria cancels licenses of 46 microfinance banks
The Central Bank of Nigeria has revoked the licenses of 46 microfinance banks effective July 1 due to their failure to meet required regulatory standards and operational obligations.
Donald Trump dismisses concerns over $1 billion crypto profits
President Trump defends earning over $1 billion from crypto ventures, citing stock market growth and blind trust management while facing questions about his financial gains.
Peter Obi Vows to Unify Nigeria and Prioritize Human Capital Growth
NDC presidential candidate Peter Obi has unveiled a roadmap for the 2027 election, centering on national unity, education reform, and the transition to a production-driven economy.