VAT collection hits N4.12tr
Revenue generated through Value Added Tax saw a substantial rise in the first half of 2025, reaching N4.12 trillion. This represents a…
Economy
NLC slams global powers over Africa’s debt, trade imbalance
The Nigeria Labour Congress has criticised major global economic powers, saying Africa remains weighed down by unsustainable sovereign debts, inequitable trade systems,…
Households yet to see impact of declining inflation – CPPE
The Centre for the Promotion of Private Enterprise says Nigerian households are yet to feel any relief from the easing inflation rate,…
S&P Global upgrades Nigeria’s economic outlook to ‘positive’
S&P Global Ratings has revised its outlook on Nigeria from “stable” to “positive,” while simultaneously affirming the country’s long-term and short-term sovereign…
Nigeria’s economy expands 11 month consecutively — Report
Nigeria’s economy expanded for the eleventh consecutive month as the Central Bank of Nigeria Purchasing Managers’ Index rose to 55.4 index points…
Britain’s unemployment rises to 5%, highest since 2021
Britain’s unemployment rate experienced a larger-than-expected rise in the third quarter, reaching five percent, marking the highest level since early 2021. This…
US Senate to end 40-day FG shutdown
The United States Senate appeared close to advancing a measure on Sunday designed to reopen the federal government, as a 40-day shutdown…
High interest rates trigger 17% fall in consumer credit
Consumer credit in Nigeria recorded a significant decline, dropping by 17 per cent month-on-month to N3.54 trillion in July 2025, down from…
Economy rebounding strongly to Tinubu’s reforms, says Edun
The Coordinating Minister of the Economy and Minister of Finance, Wale Edun, has announced that Nigeria’s economy is showing strong signs of…
FG to invest ₦12bn in digital economy research projects
The Federal Government on Tuesday said it would invest ₦12 billion to fund digital economy research projects to ensure the country benefits…
Oyedele unveils tax reliefs to ease burden on Nigerians
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, has unveiled a comprehensive package of 50 tax…
MAN projects 3.1% industry growth, 10.2% GDP contribution by 2026
The Manufacturers Association of Nigeria has projected a much improved performance of the sector in 2026, with an expectation of 3.1 per…