Browsing Tag
Nigeria Economy
15 posts
Anambra Launches Tax Amnesty Program for Asset and Income Disclosure
Anambra State has introduced a tax amnesty scheme allowing individuals and businesses to declare undeclared income and assets without facing full penalties until September 5, 2026.
Dangote Refinery adjusts petrol rates downward while diesel costs climb
Dangote Refinery slightly lowered its ex-depot petrol price, while diesel costs saw significant increases across several Lagos depots amid rising global crude oil prices.
Ex-Akwa Ibom Governor Udom Emmanuel Backs Tinubu as Economic Reforms Gain Momentum
Former Akwa Ibom Governor Udom Emmanuel has pledged his support for President Bola Tinubu, citing positive economic indicators and calling for national unity during challenging times.
Atiku Ties Phantom Agency Controversy to IMF Report on Missing GDP Funds
Atiku Abubakar has linked the IMF's report on missing GDP expenditure to the PFIPC scandal, accusing the Tinubu administration of institutionalized corruption and demanding a thorough independent investigation.
Atiku Demands Inquiry Into Alleged ₦8.8 Trillion Off-Budget Spending by Tinubu Administration
Atiku Abubakar has called for a formal investigation into claims that the Nigerian government spent ₦8.8 trillion outside of the approved national budget, citing recent IMF findings.
Naira Gains Value Against Dollar Across Markets
The naira recorded gains in both the official and parallel markets as the exchange rate gap narrowed significantly.
Depositors face partial recovery as CBN shuts 46 microfinance banks
Bank Customers’ Association of Nigeria President Dr. Uju Ogunbunka warns that the revocation of 46 microfinance bank licenses will cause widespread financial hardship, incomplete deposit recovery, and a potential decline in national financial inclusion.
Federal Government Expands Domestic Debt Issuance by 241 Percent
The Central Bank of Nigeria plans to raise N5.8 trillion via Treasury Bills in Q3 2026, marking a 241 percent increase over the previous year.
Finance Minister Defends Borrowing as Strategic Growth Tool
Finance Minister Taiwo Oyedele asserts that responsible borrowing drives growth and calls for a specialized tribunal to speed up commercial dispute resolution in Nigeria.
Naira Slips Further Against Dollar as New Week Begins on June 29, 2026
The Nigerian Naira experienced further decline in the official market on June 29, 2026, while remaining stable within the parallel market.