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Business and Economy
Tax law: States to gain N5tn VAT windfall as new sharing formula takes effect
Nigeria’s 36 states are projected to receive about N5.07tn in Value Added Tax (VAT) revenue in 2026 following the implementation of a new sharing...
Sustained reforms could lift Nigeria’s GDP growth to 4% in 2026 – Expert
The Chief Executive Officer of the Centre for the Promotion of Private Enterprises (CPPE), Dr Muda Yusuf, has said Nigeria could record economic growth...
New tax regime: Separating facts from fiction
Nigeria’s tax system is set for a major overhaul following the signing of four landmark Tax Reform Bills into law by President Bola Tinubu...
NNPC subsidiaries’ debt surges 70% to N30.3tn in 2024
The Nigerian National Petroleum Company Limited (NNPC) is facing rising financial pressure as debts owed to it by subsidiaries and related entities jumped by...
Banks’ Bad Loans Spike After CBN Withdraws Forbearance
Nigeria’s banking sector recorded a rise in bad loans in 2025 following the withdrawal of regulatory forbearance by the Central Bank of Nigeria (CBN),...
10 States Plan N4.3tn Borrowing to Fund 2026 Budgets
Ten states are planning to raise about N4.287tn through loans, bonds, grants, capital receipts and public-private partnerships to finance capital projects in their proposed...
Budget crisis: NASS extends 2025 fiscal year to March
In a sweeping fiscal reset aimed at tackling revenue shortfalls, weak capital execution and overlapping budget cycles, the National Assembly on Tuesday approved revised...
NIN, CAC numbers to serve as tax IDs from 2026 — FIRS
The Federal Inland Revenue Service (FIRS) has announced that the National Identification Number (NIN) issued by the National Identity Management Commission will automatically serve...
TCN Boost power in Lagos with 300MVA Transformer Commissioning
By Francis WilfredAbuja, Nigeria - The Transmission Company of Nigeria (TCN) has marked a significant milestone in its quest to stabilize and enhance the...
Ambassador: China’s Investment in Nigeria Grows by 130%, Trade Surpasses $22bn
China's direct investment in Nigeria increased by 130 percent, and bilateral trade has crossed the $22 billion mark this year, according to the Chinese...
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