“FG To Invest More, Borrow Less” — Wale Edun
The Federal Government has said it plans to reduce its dependence on borrowing, invest more in the economy, and rely more on domestic resources. The...
Banks To Deduct ₦50 Stamp Duty On ₦10,000-and-Above Transfers Effective January 1
On January 1, 2026, Nigerian banks will start deducting a ₦50 stamp duty on electronic transfers totalling ₦10,000 or more, in accordance with the...
ADP Criticize Nigeria’s 2026 Budget Over Rising Debt
Following President Bola Tinubu's presentation of the 2026 budget on Tuesday, the opposition Action Democratic Party criticised Nigeria's fiscal direction, warning that rising public...
VAT Revenue Increased By 37% To N4.12trn In H1’25
Revenue generated through Value Added Tax (VAT) rose by 37.7 percent year-on-year to N4.12 trillion in the first half of 2025 (H1’25), up from...
PenCom Outlines Conditions For Early Access To Pension Savings Under Contributory Scheme
The National Pension Commission (PenCom) has clarified that Nigerian workers enrolled in the Contributory Pension Scheme (CPS) can access part of their retirement savings...
Dangote To Boost Sugar Production With $700m Expansion Plan
Dangote Group is set to end Nigeria’s dependence on imported sugar with an investment of more than $700 million sugar expansion plan aimed at...
Naira Faces Fresh Pressure as Parallel Market Rates Weaken Despite Official FX Stability
The Nigerian Naira began the week under renewed pressure in the unofficial foreign exchange market, commonly referred to as the black or parallel market. On...
Nigeria’s External Reserves Increases To $46bn
The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso yesterday said that the nation’s external reserves has risen to $46.7 billion,...
“Ghana Scraps Covid Levy, Cuts VAT to Boost Economic Growth”
Ghana has abolished its Covid-19 Health Recovery Levy and reduced value-added tax as part of broader efforts to stimulate economic growth, the government announced...
Nigeria’s Private Sector Credit Increased To 75.9% In 2-years
Credit to the Private sector, CPS, in Nigeria has expanded significantly in the last two years, growing by 75.9 % to hit all time...
