NRS Sets July 2026 Deadline for E-Invoicing System
The Nigeria Revenue Service has announced a phased rollout of its E-Invoicing and Electronic Fiscal System, with medium-sized businesses required to comply by July 1, 2026.
Category : Economy
Food Inflation Drop Raises Farmer Income Concerns in Nigeria
Nigeria's food inflation fell sharply to 8.89% in January 2026, but CPPE warns prolonged price declines could threaten farmer incomes and rural stability.
Nigeria Food Inflation at 10-Year Low, Staple Prices Fall
Nigeria records its lowest food inflation rate in a decade at 8.89% in January 2026, driven by government policies and a stronger naira, leading to reduced prices for rice and other staples across markets.
CBN New BDC Guidelines as Naira Appreciates in Black Market
The Central Bank of Nigeria is set to release new operational guidelines for Bureau De Change operators this week, coinciding with the naira's appreciation to N1,390 per dollar in the parallel market, narrowing the exchange rate gap significantly.
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Naira Rallies to N1,390 as Exchange Rate Gap Shrinks
The Nigerian naira appreciated significantly in the parallel market, reaching N1,390 per dollar with a 2.16% gain. The exchange rate gap between official and parallel markets narrowed to N35, marking improved economic transparency and reduced volatility.
West Africa IMT 2026 Summit to Drive Industrial Growth in Lagos
The West Africa Industrialisation, Manufacturing & Trade Summit in March 2026 will unite ministers, investors, and industry leaders to tackle energy, financing, and regulatory challenges under AfCFTA implementation.
N3 Billion MSME Registration Waiver: FG Invites Free Sign-ups
The Federal Government has waived N3 billion in business name registration fees for MSMEs, leading to a surge in daily filings from hundreds to nearly 10,000. Over 60,000 businesses have registered, gaining access to funding and growth opportunities.
Petrol Price War: Nigerian Stations Cut Rates to Attract Customers
Intense competition among Nigerian petrol marketers has led to significant price reductions at filling stations, with Dangote Refinery lowering gantry prices and retailers adjusting pump rates to retain market share.
Adedeji: Leadership Mindset Key to Nigeria's Revenue Reform Success
NRS Executive Chairman Zacch Adedeji emphasizes that Nigeria's revenue reform success depends on leadership mindset transformation, not just policies or technology. He warns that hidden beliefs about control and perfection can undermine institutional chan
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CBN Dollar Sales to BDCs Narrow Naira Gap to N65
Nigeria's currency market sees narrowing gap as Central Bank reopens dollar sales to BDCs. The naira posted weekly gain despite slight depreciation on Friday, reflecting recovery trends.
Naira Falls Against Dollar in Official and Black Markets
The Nigerian naira depreciated against the US dollar in both official and parallel markets on Friday, February 13, 2026, closing at N1,355.42/$1 at NAFEM. However, it gained against the Pound Sterling and Euro. Analysts cite strong FX demand and CBN's non
NPA Urges Investors to Use Simplified Export Pathways
NPA Managing Director Dr. Abubakar Dantsoho calls on traders and investors to leverage new Export Process Terminals and partnerships to boost Nigeria's global trade competitiveness.
Nigeria's Sugar Tax Hike: N10 to N130 Per Litre
Nigeria's proposed sugar tax increase from N10 to N130 per litre could raise drink prices by 20-50%, impacting health, jobs, and consumer budgets amid debates on effectiveness and equity.
Nigeria's Valentine's Day Boom: 7 Top Money-Making Businesses
Valentine's Day in Nigeria drives massive consumer spending, benefiting businesses like florists, restaurants, and hotels. This article explores the top seven sectors cashing in on the love season, highlighting economic impacts and challenges.
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10 Cheapest European Countries for Nigerians to Relocate To
As traditional destinations like the UK and US become financially prohibitive, Nigerians are turning to budget-friendly European countries offering study, work, and residency pathways with lower costs.
Nigerian Man Finds Spain Cheaper Than UK for Groceries
A Nigerian businessman visiting Spain was stunned to discover food, drinks, and groceries cost significantly less than in the UK, challenging his previous assumptions about European prices.
FG Opens Portal for Zero-Interest Loans Up to N300,000
The Federal Government has launched applications for interest-free loans up to N300,000 through MarketMoni, TraderMoni, and FarmerMoni programs targeting entrepreneurs and farmers nationwide.
Otedola: Naira Below N1,000/$ As Dangote Refinery Hits Full Capacity
Billionaire Femi Otedola projects the naira could appreciate below N1,000 per dollar by year-end, citing Dangote Refinery's full capacity production as key driver.
CBN Allows BDCs to Buy Dollars from Official Market to Boost Liquidity
The Central Bank of Nigeria has authorized licensed bureaux de change to purchase up to $150,000 weekly from official sources, aiming to narrow the gap between official and parallel market rates and improve retail dollar access.
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GOP Lawmakers Defy Trump on Canada Tariffs
In a rare rebuke, six House Republicans joined Democrats to pass a measure targeting Trump's tariffs on Canada, signaling growing GOP unease with his trade policies despite presidential veto threats.
Top 10 Nigerian States with Highest Foreign Debt in 2025
Nigerian states paid N455.38bn in foreign debt service in 2025, a 25.77% increase from 2024. Lagos leads with N92.80bn, as top 10 states account for 69% of repayments, raising fiscal concerns.
Nigeria to Sell State Assets in 2026, Edun Announces
The Federal Government plans to begin selling state-owned assets to private investors from 2026 to strengthen the economy and attract investment, as announced by Finance Minister Wale Edun.
Nigerian Lady's Viral Plea for Help Amid Unemployment Crisis
A young Nigerian woman's emotional online appeal for job opportunities has gone viral, highlighting widespread youth unemployment and the struggle to gain experience.
States' Foreign Debt Service Hits N455bn in 2025
New FAAC data reveals Nigerian states spent N455.38 billion on foreign debt service in 2025, a 25.77% increase from 2024, with Lagos, Rivers, and Kaduna leading the burden.
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Nigeria to Sell Public Assets in 2026, Says Finance Minister
Finance Minister Wale Edun announces federal government plans to sell selected state-owned assets in 2026, emphasizing improved investment climate through recent reforms and public-private partnerships.
Gold at $5,000: A Shield for Naira Assets
As gold approaches $5,000 per ounce, Nigerians face currency devaluation and inflation. This milestone highlights gold's role in preserving wealth against naira depreciation and economic instability.
CAC Offers Free Registration to 3,500 Small Businesses
Corporate Affairs Commission announces free business name registration for 3,500 small enterprises nationwide, partnering with Google to enhance digital tools and boost formalization.
Naira Strengthens to N1,351/$ on Dollar Supply Boost
The Nigerian naira appreciated to N1,351.02 per dollar at the official market, supported by increased dollar supply from foreign and domestic investors, signaling improved forex stability.
CAC Reports 248 Fake Companies to EFCC, Blames Banks
Corporate Affairs Commission reveals 248 fraudulent registrations, hands staff to ICPC, and criticizes banks for enabling non-compliant companies to operate, weakening Nigeria's anti-corruption framework.
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Malaysia Launches Direct Foreign Worker Recruitment Platform
Malaysia introduces a digital platform enabling direct hiring of foreign workers, eliminating intermediaries to reduce costs and prevent exploitation.
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