Nigeria’s headline inflation rate fell slightly to 15.1 per cent in January 2026 from 15.15 per cent in December 2025, according to the National Bureau of Statistics (NBS). In its Consumer Price Index (CPI) report released on Monday, the agency said inflation declined by 0.05 percentage points compared to December. On a year-on-year basis, inflation …
The federal government has dismissed as false a viral video claiming that Nigeria’s new tax laws will only commence in 2027 and that a 25 per cent tax has been imposed on funds meant for building materials and other transactions. This was contained in a separate clarification by the Presidential Fiscal Policy and Tax Reforms …
Nigeria recorded a sharp rebound in foreign capital inflows in the third quarter of 2025, with total capital importation rising to $6.01 billion, a 380.16 per cent jump from the $1.25 billion posted in the same period of 2024. This is according to a review of the Nigeria Capital Importation report for the third quarter …
... Signs $14bn MOU with 42 companies For six years, Kebbi State counted its losses in silence. Before the festival’s suspension in 2020, the Argungu Fishing Festival drew between 30,000 and 50,000 visitors per edition. Hotels filled up weeks in advance. Traders recorded their best annual sales in four days. Transporters doubled fares and …
The Federal Government has said 2026 will signal the full rollout of the Nigeria First policy, moving the initiative from the planning stage to concrete, measurable implementation. This was disclosed by the Federal Ministry of Industry, Trade and Investment (FMITI) in its 2026 Outlook Summary. It said it will focus on practical measures to prioritise …
At least five major capital projects in Lagos State’s budget, collectively valued at over ₦3.7 billion, recorded a performance of less than 20 per cent. Similarly, several projects posted zero execution, even as audit findings revealed ₦326.2 million in financial and administrative discrepancies across ministries and agencies. The revelation is contained in the Lagos State …
Nigeria’s capital importation rose to $21 billion in the first 10 months of 2025. The figure marks a 75 per cent increase from the $12 billion recorded in the same period of 2024. The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, disclosed this during the 2026 budget defence before the Joint House of …
The National Sugar Development Council (NSDC) and the Nigerian Export-Import Bank (NEXIM Bank) have formed a strategic partnership to unlock long-term financing for Nigeria’s sugar industry. At a high-level meeting in Abuja, both institutions agreed to work together to drive large-scale sugar production and reduce the country’s heavy reliance on imports. Leading the NSDC team, …
U.S. job growth likely improved slightly in January, helped by fewer post-holiday layoffs, but economists say the labor market remains fragile amid trade tensions and tighter immigration policies. The Labor Department’s employment report, released Wednesday after a delay caused by a federal government shutdown, is expected to show nonfarm payrolls increased by about 70,000 jobs …
The Federal Government of Nigeria has set a bold revenue target of ₦40.7 trillion for 2026. Officials say the goal is to boost domestic revenue and reduce dependence on borrowing. The target, revealed at the Nigeria Revenue Service (NRS) Management Retreat in Abuja on Tuesday, represents a 44 per cent increase from the ₦28.29 trillion …
