The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, on Monday reaffirmed the country's commitment to stabilising the economy and enabling sustainable, private-sector-led growth. He spoke on this at the US–Nigeria Executive Business Roundtable. He said Nigeria is committed to rules-based economic management, transparent markets, and predictable policy frameworks, against a backdrop of …
President Bola Ahmed Tinubu has urged Nigerians not to fear about the new tax regime set to begin next year, promising significant benefits for low-income earners, small businesses, and essential sectors. Speaking at the 8th Annual Senator Abiola Ajimobi Roundtable and the 76th posthumous birthday lecture of the late Oyo State governor at the University …
The Debt Management Office (DMO) has urged state governments to follow the Fiscal Responsibility Act and other borrowing laws. It warned that loans taken outside the legal framework could weaken fiscal stability at the sub-national level. The Director-General of the DMO, Ms. Patience Oniha, delivered the message on Tuesday in Abuja. She spoke at a …
An agricultural economist, Ikechi Agbugba, has suggested that farmers can reduce their dependence on pesticides by adopting certain approaches. He shared his perspective on this with Pinnacle Daily, while highlighting the potential negative impacts of high organochlorine pesticide (OCP) levels on soil health and food security. Agbugba, an associate professor of Agricultural Marketing in the …
Nigeria recorded ₦12.81 trillion as revenue from crude oil exports in the third quarter (Q3) of 2025. This is according to the National Bureau of Statistics (NBS) Foreign Trade Statistics report for Q3 2025, released last week. The report revealed that crude oil exports accounted for 56.14 per cent of total exports. The NBS data …
Nigerian Ports Authority (NPA) has reported a dramatic 1,085 per cent year-on-year surge in export-laden containers during the third quarter (Q3) of 2025. The latest operational data released by the NPA on Monday, December 15, shows that export-laden containers rose from 5,812 Twenty-foot Equivalent Units (TEUs) in Q3 2024 to 69,039 TEUs in Q3 2025. This is …
Federation allocation to the federal government, states and local councils declined to N1.928 trillion in November, according to the Federation Account Allocation Committee (FAAC). A statement on Monday by the Director of Press and Public Relations in the Office of the Accountant-General of the Federation, Bawa Mokwa, stated that the revenue was shared at the …
Iran has introduced a new pricing tier for its nationally subsidised gasoline in an effort to rein in rising economic pressures, marking the most significant adjustment to the country’s fuel-subsidy system since the 2019 price hike that sparked widespread protests and a violent crackdown. Under the revised system, Iranian motorists can still purchase 60 litres …
As Nigerians look forward to the implementation of new tax laws, the Federal Inland Revenue Service (FIRS) said one key change in the Nigeria Tax Act (NTA) 2025 is the pegging of the development levy at a single rate of four per cent. The Coordinating Director of the Medium Taxpayers Group at the FIRS, Dick …
FCMB Pensions Limited has announced that it has disbursed over N200 billion to Retirement Savings Account (RSA) holders, while its Assets Under Management (AUM) have surpassed the N1 trillion mark. Speaking to journalists on Monday during a sensitisation walk marking the 20th anniversary of the Pension Fund Administrator (PFA), the Managing Director/Chief Executive Officer of …
