The Federal Government has waived a total of N97 billion in import duties for essential food items like maize, rice, and sorghum between 2024 and the first quarter of 2025. …
The United Nations (UN) has again called on countries around the world to prepare fresh national climate action plans that will help keep the global temperature rise within 1.5 degrees …
The Organised Private Sector of Nigeria (OPSN) has called on the Federal Government to urgently introduce targeted economic stimulus packages to prevent the poverty rate from rising to 56 per …
Members of the Organised Private Sector (OPS) have expressed fears that Nigeria’s rising inflation could kill the chances of reducing the country’s high interest rate. According to the National Bureau …
The Federal Government has disclosed that 107 companies invested a total of N2.53tn into the Nigerian economy before qualifying for their tax exemption approvals. The companies made these investments across …
Nigeria’s efforts to reduce its heavy reliance on oil revenues are beginning to show results. The Nigerian Export Promotion Council (NEPC) recently reported that the country’s non-oil exports grew by …
Nigeria’s inflation rate has gone up again, according to new data released by the National Bureau of Statistics (NBS). The annual inflation rate stood at 24.23% in March 2025, rising …
African financial markets are currently facing a challenging situation, influenced by both global and local factors. There is growing uncertainty in the global economy, as well as domestic political tensions …
The Federal Government says it has successfully reduced electricity subsidies by 35% following a new electricity tariff hike that was introduced last year for high-power consumers. Nigeria’s Minister of Power, …
South Africa’s Finance Minister, Enoch Godongwana, has warned that the country’s financial situation may get worse if plans to increase the value-added tax (VAT) rate from May are not allowed …