Despite billions in government funding, the Nigerian Railway Corporation (NRC) continues to run at a loss, relying on loans to sustain operations. Experts call for a shift to freight-focused reforms.
APFFLON urges Nigeria to resolve port inefficiencies, high costs, and regulatory hurdles before committing $1 billion to AfCFTA credit facility.
Analysis compares US and Nigeria's debt profiles, warning Nigeria's borrowing risks a debt trap as loans fail to yield visible development, with debt servicing consuming revenue.
Peter Obi criticizes Nigeria's rising debt, citing South Africa's transparent $1 billion loan model as an example of accountable borrowing and urging fiscal discipline.
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UAE remote work in 2026: Employees working from home enjoy equal rights under Labour Law, including regulated hours, timely salary, and full legal protections.
Pan-African visionary King Charles Lambert argues that true success is measured by lives impacted, not just financial gains, and shares his journey of resilience.
Nigeria launches National Blue Economy Action Plan to create 5 million ocean-based jobs by 2035 through fisheries, shipping, tourism, and renewable energy. President Tinubu announces at Our Ocean Conference.
A Nigerian man reveals he paid over ₦300,000 in VAT on electronics as FAAC distributes ₦2.3 trillion May revenue, sparking debates on tax burden and accountability.
The Federal Government has ruled out new taxes on fuel and telecom services following IMF recommendations, reassuring citizens that VAT waivers remain and no new levies are planned.
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Oil prices fell below $80 per barrel after the US and Iran signed a peace agreement, reopening the Strait of Hormuz and easing supply concerns.
Oil prices drop over 2% after US and Iran sign a memorandum of understanding to end months of conflict, with a 60-day negotiation period starting Friday.
The IMF says the Nigerian naira remains undervalued by 25.6% and should trade around N1,130 per dollar, urging the CBN to maintain exchange rate flexibility.
CRC Credit Bureau Limited has been named Best Credit Bureau in Nigeria by Capital Finance International for the seventh consecutive year at the Professional Services Awards 2026.
A cartoon commentary on Nigeria's fuel subsidy removal, depicting the economic strain on citizens and the government's policy direction.
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Mobile technologies generated $240 billion for Nigeria and Africa in 2025, supporting 13 million jobs. GSMA projects $290 billion by 2030. FG calls for stronger collaboration to accelerate digital economy.
Enugu state has been designated as the Southeast zonal headquarters of Nigeria's Office of the Tax Ombud, bringing dispute resolution closer to taxpayers and aiming to improve tax compliance across the region.
The Nigerian stock market extended its losing streak to four sessions, with the All-Share Index falling 0.49% and investors losing N758 billion in value.
The Federal Government has called for stronger collaboration among stakeholders to accelerate Nigeria's digital transformation, emphasizing the need for partnerships to unlock economic growth and improve public service delivery.
Nigeria's gambling industry shows promise, but tax clarity is key to attracting investors. Reform could reduce uncertainty and foster growth.
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The Federal Government has dismissed reports of new taxes on telecoms and petroleum products, clarifying that IMF recommendations are not binding and existing tax policies remain unchanged.
Bamidele Atoyebi, convener of BAT-IG, says President Tinubu's fiscal reforms have led to record revenue gains, including tax collections rising to ₦21.7 trillion in 2024 and external reserves hitting a 13-year high of $50.45 billion.
The NLC and TUC are set to begin negotiations with the Federal Government for a new minimum wage, demanding a living wage amid rising inflation and living costs.
Dangote Refinery suspends petrol exports to prioritize Nigerian market after N75 price cut, aiming to improve local fuel availability and stabilize supply.
Nigerian stocks gained 0.9% last week, driven by bank and oil & gas stocks. Year-to-date yield stands at 57.3%. Analysts expect profit-taking. Stock picks: Aradel, NEM Insurance, FCMB, Transcorp, Coronation Insurance.
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The IMF's 2026 Article IV Consultation report on Nigeria shows financial improvements but persistent poverty and food insecurity, urging conversion of macroeconomic gains into living standard improvements.
Global crude oil prices fell sharply after a US-Iran peace agreement ended hostilities, reopening the Strait of Hormuz and easing market disruptions.
BudgIT criticizes Nigeria's 2026 budget as unrealistic, citing a N31.5 trillion deficit and heavy reliance on borrowing amid weak revenue generation.
Nigeria's headline inflation rose to 15.93% in May 2026, up from 15.69% in April, driven by food prices. Monthly inflation slowed to 1.75%.
Ericsson's Mobility Report reveals 3.1 billion global 5G subscriptions in Q1 2026, with Africa poised for digital growth. Nigeria's 5G penetration reaches 4.20%.
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A cartoon from The Guardian Nigeria illustrates the economic difficulties facing the country, with visual commentary on inflation and cost of living.
