Economy

Economy

Tinubu’s tax laws ‘doctored’ after NASS approval, lawmaker says in explosive claim

Plu Team -
Nigeria’s already contentious tax reform programme has taken a dramatic turn after a federal...
Economy

Nigeria records ₦30tn revenue shortfall, collects just 25% of target

Plu Team -
The federal government will fall short of its 2025 revenue target by about ₦30...
Economy

Oil falls below $60, raising revenue risks for Nigeria’s 2026 budget

Plu Team -
Global oil prices slid below $60 a barrel on Tuesday, hitting their lowest level...
Economy

Nigerian govt to take record debt to fund 2026 budget

Plu Team -
The federal government is planning to use an unprecedented amount of borrowing to fund...
Economy

AfDB aims to attract $1.5 billion private sector investments in Nigeria

Eric Ojo -
The $200 million grant for the Special Agro-Industrial Processing Zones Programme in Nigeria, which...
#PriceTracker

Nigeria’s “Jollof Index” falls for the first time in seven years

Plu Team -
Jollof Index, a measure of how much it costs to cook a pot of...
Economy

World Bank warns Nigeria: 139m citizens still in poverty despite reform progress

Plu Team -
The World Bank has warned that while Nigeria’s recent economic reforms have begun to...
Economy

CBN caps daily cash withdrawals via agent banking at ₦100,000

Eric Ojo -
The Central Bank of Nigeria (CBN) has issued fresh guidelines for agent banking operations...
Economy

Naira hits strongest black market level in over a year, trading at ₦1,440/$

Plu Team -
The naira strengthened sharply on Thursday in the parallel market, trading at ₦1,440 per...
Economy

Tinubu declares “worst is over” as Nigerians grapple with hardship

Plu Team -
President Bola Tinubu marked Nigeria’s 65th Independence Day on Wednesday with a defiant message:...
Economy

Central Bank of Nigeria cuts interest rate for the first time since 2020

Olawale Afolabi -
Nigeria’s central bank has lowered its benchmark lending rate for the first time in...
Economy

Nigeria moves to rewrite oil law PIA, stripping NNPC of contract control

Plu Team -
The Nigerian government is preparing its first major overhaul of the Petroleum Industry Act...
Economy

Understanding the FoB levy Nigerian govt suspended

Plu Team -
Earlier this week, the Federal Ministry of Finance directed the immediate suspension of the...
Economy

What’s driving the naira’s rally – and will it last?

Plu Team -
The naira broke through a key psychological barrier on Monday, climbing below ₦1,500 to...
Economy

5% petrol and diesel tax delay offers little relief for Nigerians

Plu Team -
Nigeria’s worst cost-of-living crisis in a generation is set to deepen, as government confirmation...
Economy

Nigerian economy at risk from U.S. tariffs, global market moves – Akpan Ekpo

Plu Team -
U.S. trade tariffs, changes in global oil markets, and other international economic moves could...
Economy

NIIRA 2025 Explained: What’s new in Nigeria’s insurance law Tinubu signed?

Plu Team -
President Bola Ahmed Tinubu on Tuesday signed into law the Nigerian Insurance Industry Reform...
Economy

Tinubu feeding hungry Nigerians with “false” economic data – Obi

Plu Team -
Labour Party presidential candidate Peter Obi has accused President Bola Tinubu of feeding Nigerians...
Economy

Nigeria’s rebased GDP rises to ₦373 trillion but growth lags expectations

Plu Team -
Nigeria’s economy is now valued at ₦372.8 trillion in nominal terms for 2024 following...
Economy

Billions unaccounted for in Nigeria’s books as IMF flags data gaps

Plu Team -
Nigeria is struggling to account for billions of dollars in its official trade and...
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