A study reveals Nigerian telecom subscribers borrowed ₦4.6 trillion in airtime credit in 2025, highlighting growing reliance on borrow-to-call services amid rising living costs and cash flow constraints.
Nigeria's company income tax fell 31% year-on-year in Q1 2026 to ₦1.37tn, as businesses struggle with inflation, forex volatility, and high costs, according to NBS data.
The Centre for the Promotion of Private Enterprise (CPPE) has welcomed the IMF's Article IV Consultation Report on Nigeria as an objective assessment, but calls for policy stability to ensure reforms translate into welfare gains for citizens.
Crude oil prices have dropped from over $120 to about $87 per barrel amid hopes of a US-Iran peace deal. Petrol prices in Nigeria could fall to around N900 per litre if the trend continues.
Techno Oil receives 7,500MT LPG cargo as landing cost falls below N1,000/kg, boosting supply and potentially lowering cooking gas prices for Nigerian households and businesses.
Nigeria's postal revenue surged 166.8% to N8.1 billion in 2025, handling 18.2 million mail articles, according to NBS data, with domestic mail accounting for 68.7%.
The UK has launched a £15 million initiative to attract private investment and support economic reforms in Nigeria, announced during a visit by UK Minister Jenny Chapman.
The Central Bank of Nigeria under Governor Yemi Cardoso has been awarded Central Bank of the Year, recognizing reforms that stabilized inflation, reserves, and investor confidence.
A critical analysis of Nigeria's capital importation figures, arguing that portfolio inflows signal confidence and precede FDI, countering claims of speculative weakness.
Nigerians reject IMF's advice to introduce telecom excise duties and extend VAT to fuel, citing overtaxation. Telecom subscribers oppose, while CPPE acknowledges reforms.
Peter Obi warns that Nigeria's preference for politics over entrepreneurship threatens economic future, criticizes high-interest rates and declining Igbo apprenticeship system.
Lagos residents are overwhelmed by uncollected waste, fearing disease outbreaks. PSP operators blame dumpsite conditions, while LAWMA reports evacuating 418,500 tonnes in May.
New Power Minister Joseph Tegbe pledges grid stabilisation in 100 days. But Nigeria's electricity sector faces deep systemic issues including over-centralisation, gas paradox, and institutional weakness.
The final part of Anatomy of Reform series examines how to sustain Tinubunomics amid reform fatigue, offering prescriptions to prevent policy reversal and institutionalise gains.
Nigeria's Company Income Tax revenue dropped 31% to N1.37 trillion in Q1 2026, while VAT rose 17% to N2.42 trillion, according to NBS data.
Nigeria's real GDP grew by 3.89% in Q1 2026, driven by agriculture, services, ICT, manufacturing, construction, and finance. Full sector breakdown inside.
The IMF has released its 2026 nominal GDP rankings for Africa's top 10 economies, with South Africa leading, Nigeria at third, and DR Congo and Ethiopia showing rapid growth.
The IMF has recommended that Nigeria introduce excise duties on telecom services and extend VAT to fuel products to boost government revenue, despite concerns over poverty and food insecurity.
Nigeria's company income tax (CIT) revenue fell 31.05% year-on-year to N1.37 trillion in Q1 2026, reflecting a difficult operating environment that has forced businesses to scale down or shut down.
Nigeria's external reserves rose to $50.42 billion as of June 10, 2026, marking a 17-year high. The increase supports naira stability and reflects higher oil earnings, diaspora remittances, and foreign portfolio inflows.
Peter Obi warns that Nigeria's focus on politics over entrepreneurship threatens economic growth, citing high interest rates and lack of credit for small businesses.
Elon Musk reaches $1 trillion net worth, exceeding GDP of Nigeria, Switzerland, and others, sparking debate on wealth inequality.
The UAE has announced public holidays for the remainder of 2026, including Islamic New Year, Prophet Muhammad's Birthday, and National Day celebrations in December.
The Federal Government plans to construct Renewed Hope Cities in all six geo-political zones to reduce Nigeria's housing deficit, with ongoing projects in 12 locations.
Nigeria's oil minister Heineken Lokpobiri reaffirms the 2.5 million barrels per day crude production target, citing sustained investment and exploration as key.
Tope Fasua argues that IMF and World Bank poverty data for Nigeria is flawed, citing outdated statistics and ignoring local realities.
Nigeria produced 1.53 million bpd of crude oil in May, surpassing its OPEC quota of 1.5 million bpd, marking the highest output in 15 months and reaffirming its top producer status in Africa.
Nigeria must diversify from oil, leveraging renewables for job creation and economic sustainability, as the global energy transition offers a strategic opportunity for growth.
President Tinubu announced Nigeria's non-oil exports grew 21% in 2024, with over 1,000 SMEs certified for export, as part of economic diversification efforts.
Lagos leads Nigeria's economy due to decades of reforms, infrastructure, innovation, and institutional continuity, as per the latest Phillips Consulting State Performance Index.