The Federal Government has called for stronger cooperation among West African countries to improve tax collection, boost compliance with ECOWAS tax rules, and raise more domestic revenue across the region. The call was made by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, during a meeting with a delegation from the …
Nigeria's solid minerals exports rose to N354 billion in 2025, reflecting significant growth driven by ongoing reforms aimed at repositioning the mining sector as a major contributor to the nation's economy. The Executive Secretary and Chief Executive Officer of the Solid Minerals Development Fund (SMDF), Hajiya Fatima Shinkafi, disclosed this while delivering the maiden Annual …
The Anambra State Government has introduced the Voluntary Assets, Income Declaration and Tax Regularisation Scheme (VAIDS), giving individuals, businesses and organisations a limited window to regularise their tax records without facing the full penalties for non-compliance. The tax amnesty programme, which runs from July 6 to September 5, 2026, is designed to encourage voluntary tax …
Nigeria's economy is expected to maintain steady growth through 2027 as recent reforms continue to strengthen macroeconomic stability, according to the International Monetary Fund (IMF). The Bretton Woods Institution, however, warned that rising food and energy costs, worsening poverty, election-related pressures and weak participation in the global artificial intelligence (AI) boom could threaten the country's …
The Office of the Accountant-General of the Federation (OAGF) has said the controversial Presidential Foreign Intervention Promotion Council (PFIPC) has neither an operational account with the Central Bank of Nigeria (CBN) nor received any public funds, despite being listed with a ₦1.3 billion allocation in the 2026 appropriation act. The clarification comes amid growing concern …
The Nigerian Shippers' Council (NSC) has disclosed that it protected more than N90.60 billion and $1.348 million in economic value for Nigerian shippers and the national economy through regulatory oversight, dispute resolution and reforms aimed at reducing the cost of doing business at the nation's ports. The Executive Secretary and Chief Executive Officer of the …
The Federal Government has dismissed claims that it spent more than ₦8 trillion outside the approved budget, insisting that all public expenditure is authorized under the Constitution and laws passed by the National Assembly. In a statement issued on Sunday, the minister of finance and coordinating minister of the economy, Taiwo Oyedele, said recent public …
The Nigeria Customs Service (NCS) and the African Export-Import Bank (Afreximbank) have strengthened their strategic partnership to accelerate intra-African trade, with both institutions committing to expand trade facilitation initiatives, modernise customs administration and fast-track the implementation of the African Continental Free Trade Area (AfCFTA). The renewed commitment was reaffirmed during a working visit by the …
The Centre for the Promotion of Private Enterprise (CPPE) says Nigeria recorded significant improvements in macroeconomic stability in the first half of 2026. The Centre, however, warned that the second half of the year would test the government's ability to convert those gains into stronger business competitiveness, job creation and higher living standards. CPPE's position …
Presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has pledged to prioritise technical and vocational education, establish industrial parks and reform education to drive industrialisation, create jobs and move Nigeria from a consumption-driven economy to a production-based one. Obi made the pledge in a statement issued on Wednesday, outlining what he described as …
