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Federal Government of Nigeria has approved the purchase of two new communication satellites to boost Nigeria’s digital infrastructure and support President Bola Tinubu’s plan to grow the economy to $1tillion. The Minister of Communications and Digital Economy, Bosun Tijani, disclosed this on Wednesday in Abuja at a press conference to mark Global Privacy Day 2026,…
Determined to build abstrong and sustainable economy in the South West geo-political zone of Nigeria, the South-West states have proposed a combined budget of N8.7tn for 2026, with capital expenditure accounting for more than half of total spending. This was disclosed on Tuesday, by the Development Agenda for Western Nigeria Commission( (DAWN Commission)at the Commission’s…
International Monetary Fund (IMF) has endorsed Nigeria’s December 2025 inflation outcome and the revised inflation methodology adopted by the National Bureau of Statistics (NBS), describing the changes as consistent with international best practice and supportive of macroeconomic stability. In a statement issued on Thursday by the Office Manager to the IMF Resident Representative for Nigeria, Laraba Bonet. on behalf of the…
Nigeria Revenue Service (NRS) has denied rumours making the rounds that it imposed new Value-Added Tax (VAT) on banking services, including electronic money transfer, fees and commissions. Dare Adekanmbi Special Adviser on Media to the Executive Chairman of NRS, Zach Adedeji disclosed in a statement in Abuja on Thursday, describing the reports as incorrect and…
Lagos Chamber of Commerce and Industry (LCCI) has projected that Nigeria’s economy could grow up to seven percent in 2026 on the back of a stabilising economy The president , Leye Kupoluyi , disclosed that at the organisation’s annual economic outlook in Lagos. He said the “optimistic” outlook rides comes amid improving macroeconomic indicators and…
Nigerian government has signed a Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE) on the side-lines of the 2026 Abu Dhabi Sustainability Week (ADSW). This was made known by the President, Bola Tinubu on Tuesday in Abu Dhabi. He said CEPA was to deepen trade and cooperation in renewable energy, infrastructure, logistics,…
By Prof. Chiwuike Uba, Ph.D. The 2025 fiscal reform package in Nigeria represents one of the most ambitious efforts to modernize the country’s tax system in recent history. It comprises four key laws: the Nigeria Tax Act (NTA), the Nigeria Tax Administration Act (NTAA), the Nigeria Revenue Service Act (NRSA), and the Joint Revenue Board…
As part of efforts to douse the tension over allegations that the tax reform laws were altered, House of Representatives has released to the public ,certified true copies of the four tax reform Acts passed by the National Assembly and signed by the Nigerian President, Bola Tinubu Directing the release of the certified Acts, the Speaker…
Recently, the United States Consulate Lagos, led by Public Affairs Officer ,Jie Mckay hosted a strategic working lunch with Enugu-based creatives to examine practical pathways for advancing the creative industry as a viable engine for youth employment and economic growth. Key discussions focused on content creation, fashion, and strengthening synergies between the Enugu State Government…
Central Bank of Nigeria (CBN) has revoked the operational licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc as part of ongoing efforts to strengthen the mortgage sub-sector and enforce strict compliance with relevant laws and regulatory standards. In a statement signed by Ag. Director, Corporate Communications Department, Hakama Sidi…