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The total allocation from the Federation Account to the federal, state, and local governments increased significantly to N33.27 trillion in the first eleven months (January–November) of 2025, representing a 30 per cent increase…
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The latest fact sheet released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Thursday has shown there was improved petrol availability, rising cooking gas output and increased stock sufficiency in…
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Nigeria’s domestic petrol supply from the Dangote Petroleum Refinery and Petrochemicals has surged by about 64 per cent to an average of 32 million litres per day, following operational improvements at the facility, according to the…
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Nigeria’s inflation rate rose to 15.15 per cent in December 2025, up from 14.45 per cent in November. This is according to the latest Consumer Price Index and inflation data by the National Bureau of Statistics released on Thursday. …
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Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has defended the country’s rising public debt figure of N152tn, insisting…
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Governor Uba Sani has reiterated that the proposed $200 million Mega Poultry Project will generate over USD $450 million annually, create more than 350,000 direct and indirect jobs in Kaduna State. The Governor further…
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigeria Revenue Service (NRS) have moved to formalise a closer working relationship under the country’s new tax regime to ensure that upstream oil and gas revenues…
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All is set for the commencement of the planned expansion of Dangote Refinery production capacity from 650,000 barrels per day (bpd) to 1.4 million bpd in the next three years. The move, according to refinery management,   comes…
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The Federal Government has issued a fresh mandate to all commercial banks, microfinance institutions, and fintech platforms to begin the collection and remittance of a 7.5% Value-Added Tax (VAT) on specific electronic banking service…
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Nigeria’s economic performance in 2026 will be shaped as much by global forces as by domestic reforms, with slower growth, fragile trade flows, and elevated geopolitical risks expected to influence fiscal revenues and investor…
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