News
Crude rises, stocks drop as Houthi attacks escalate Iran war
15+ hour, 40+ min ago (758+ words) Oil prices rose and most stocks fell on Monday as the Middle East crisis escalated with the entry of Houthi rebels into the Iran war and investors grew increasingly concerned that the United States would send in ground troops. As…...
Nigeria targets 7% GDP growth, $14bn infrastructure — Edun
5+ hour, 44+ min ago (407+ words) File: Minister of Finance and Coordinating Minister of the Economy, Wale Edun. The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says Nigeria is targeting a seven per cent annual Gross Domestic Product growth rate. Edun…...
Tax reforms catalyst for economic growth – Experts
22+ hour, 56+ min ago (574+ words) Analysts and tax experts at the 20th Annual Tax Week declared that tax reforms are a catalyst for economic growth as they examined the sweeping implications of Nigeria's newest fiscal framework. The event, themed "Nigeria's Evolving Tax Landscape: Understanding the Impact,…...
CBN signals economic reset as inflation drops, reserves hit $50bn
3+ day, 4+ hour ago (410+ words) Governor of the Central Bank of Nigeria, Olayemi Cardoso | Credit: CBN The Central Bank of Nigeria has signalled a gradual economic reset, attributing improvements in inflation, foreign reserves, and investor confidence to its monetary and financial sector reforms. Speaking at…...
CBN okays 100% forex repatriation for oil companies
4+ day, 22+ hour ago (517+ words) File: CBN Building, Abuja The Central Bank of Nigeria has approved the full repatriation of export proceeds by International Oil Companies, allowing them to access 100 per cent of their foreign exchange earnings through authorised dealer banks. The directive was contained…...
Inflation above 20% persists across six states, FCT
1+ week, 1+ day ago (850+ words) Inflation remained above 20 per cent in six states and the Federal Capital Territory in February 2026, highlighting persistent price pressures at the subnational level despite a marginal easing in Nigeria's headline rate. Data from the National Bureau of Statistics' latest Consumer…...
Tax reforms must promote fairness, opportunity – FG
1+ week, 5+ day ago (1291+ words) File: Minister of State for Finance and Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Taiwo Oyedele Nigeria's sweeping tax reform programme will ultimately be judged not by how much revenue it generates, but by how fairly it…...
Tax reform success lies in fairness, not just revenue – FG
1+ week, 6+ day ago (1353+ words) FILE: Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee. Nigeria's sweeping tax reform programme will ultimately be judged not by how much revenue it generates, but by how fairly it distributes opportunities across society, the Federal…...
Food inflation hits 12.12% as input costs soar
1+ week, 6+ day ago (1633+ words) Nigeria's food inflation rate rose to 12.12 per cent year-on-year in February 2026, reversing the single-digit level recorded in January and signalling renewed pressure on household food costs. Despite the increase from the previous month, the latest figure remains significantly lower than…...
RMB Nigeria Highlights Reform Momentum and Sustainable Finance as Catalysts for National Growth
1+ week, 6+ day ago (210+ words) Held under the theme "Charting Nigeria's Future: Reforms, Resilience and Growth," the forum featured two high'level sessions: Building Stability, which explored global and domestic economic dynamics, and Financing the Future, which examined how sustainable finance can support Nigeria's energy transition…...