Nigeria’s economy grew by 3.98 per cent in the third quarter of 2025, slightly higher than the 3.86 per cent recorded in the same period of 2024, according to the latest Gross Domestic Product report published by the National Bureau of Statistics (NBS) on Monday. The data shows that although the country continues to experience moderate and uneven recovery, key non-oil sectors helped stabilise overall performance. The NBS report stated:…

The National Orientation Agency (NOA) has affirmed its commitment to leading public enlightenment campaigns to ensure the effective implementation of the Federal Government’s tax reforms, which are set to take effect with the new Tax Act in January 2026. The commitment was made yesterday in Abuja by the agency’s Director-General, Lanre Issa-Onilu, during a courtesy visit by the Presidential Committee on Fiscal Policy and Tax Reforms, led by its chairman,…

Nigeria and Tunisia have agreed to strengthen their economic cooperation, focusing on accelerating trade and investment between the two nations. This commitment was made during a meeting between the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Minister of Economy and Planning, Samir Abdelhafidh. The meeting was held on the sidelines of the AATB and AHEB in Abuja. READ ALSO: Tinubu appoints Ribadu, Doro, others to…

Lagos State Governor Babajide Sanwo-Olu has unveiled details of the proposed Lagos Greenline Railway, dubbed Project Green, at the Africa Investment Forum in Rabat, Morocco. The governor revealed this in a statement posted on his X page on Thursday. The presentation, made to partners from the Federal Government, the Ministry of Finance Incorporated (MOFI), and the Lagos Metropolitan Area Transport Authority (LAMATA), focused on attracting investment for the environmentally responsible transportation…

The Presidential Fiscal Policy and Tax Reforms Committee has confirmed that virtual currencies will be subject to taxation under Nigeria’s new tax reform framework. The committee’s chairman, Taiwo Oyedele, disclosed during an online public lecture hosted on Wednesday by the Capital Market Academics of Nigeria. According to the News Agency of Nigeria, virtual currency refers to a digital or electronic representation of value that exists solely online and has no…

Business mogul Tony Elumelu has challenged Nigerian entrepreneurs and policymakers to shift their focus from mere business survival to building enduring institutions that can sustain the nation’s economic transformation. In a statement posted on his Facebook page on Tuesday, the philanthropist argued that too many great ideas fail because the necessary support ecosystem is absent. He stressed that sustainable businesses, not government handouts or foreign aid, are the true engine…

Nigeria has taken a definitive step toward its clean energy future with the launch of a new Wind Energy Blueprint, formally endorsed by the National Council on Climate Change (NCCC) at the ongoing COP30 summit in Belem, Brazil. The blueprint, developed by Oando Clean Energy Limited, is hailed by the government as a crucial tool for transforming the nation’s climate commitments into actionable projects. READ ALSO: Nigeria to host trade summit…

The Socio-Economic Rights and Accountability Project (SERAP) has issued a seven-day ultimatum to the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, demanding a full public accounting of an alleged missing or diverted N3 trillion in public funds. The organisation, in a letter yesterday signed by its Deputy Director, Kolawole Oluwadare, referenced the grave allegations documented in the Auditor-General of the Federation’s recently published 2022 annual report. SERAP…

Nigeria and Poland have committed to deepening economic cooperation and fast-tracking strategic investments, following a high-level meeting between the Nigerian Finance Minister, Wale Edun, and Poland’s Deputy Foreign Minister for Africa, Wojciech Zajączkowski. The bilateral talks, which took place in Abuja, focused on boosting trade and unlocking new avenues for private-sector partnerships across key sectors of the Nigerian economy. READ ALSO: African Union refutes Trump’s genocide claim in Northern Nigeria Edun…

The Federal Competition and Consumer Protection Commission (FCCPC) has announced January 5, 2026, as the final deadline for digital lenders to fully comply with the digital, electronic, online and non-traditional consumer lending regulations, 2025. The regulations, which became effective on July 21, 2025, under the Federal Competition and Consumer Protection Act (FCCPA) 2018, aim to instil fairness, transparency, and accountability within Nigeria’s rapidly expanding digital lending space. To aid operators…

The Central Bank of Nigeria (CBN) hosted its 2025 Executive Policy Seminar, gathering prominent economic thinkers, policymakers, and industry stakeholders to deliberate on national economic strategies. The seminar, themed “Reforms, Disinflation and Sustainable Growth,” focused on recalibrating Nigeria’s economic path toward a more inclusive, transparent, and competitive future. CBN Governor Olayemi Cardoso underscored the importance of policies that ensure economic progress is broadly shared, stating that “the economy belongs to…

The Ogun State Government has ramped up its revenue generation strategy, setting an ambitious target of ₦500 billion in Internally Generated Revenue (IGR) to finance the 2026 fiscal year. Governor Dapo Abiodun announced the goal yesterday, during the Treasury Board meeting focused on the 2026–2028 Medium-Term Expenditure Framework (MTEF) and the 2026 Budget, held at the Obas Complex, Oke-Mosan, Abeokuta. The governor declared that, given the state’s status as Nigeria’s…