Nigeria's headline inflation may have stabilised in June, but rising food prices remain a major threat to households and the economy, the Centre for the Promotion of Private Enterprise (CPPE) has warned. In a policy brief issued on Thursday, the Chief Executive Officer of CPPE, Dr Muda Yusuf, said the latest inflation figures showed that …
The Bank of Agriculture (BoA) has raised concerns that Nigeria's deepening energy poverty is undermining food security, agricultural productivity and rural livelihoods, warning that millions of Nigerians and thousands of farming communities remain without reliable electricity. The warning was issued during a capacity-building workshop on the Clean Energy Access Framework (CEAF) for BoA staff in …
The Federation Account Allocation Committee (FAAC) has shared N2.55 trillion among the Federal Government, state governments and local government councils from June 2026 revenue. This marks the highest monthly allocation so far this year as stronger tax collections and oil-related revenues boosted the distributable pool. Details of the distribution were contained in a statement signed …
Nigeria's headline inflation rate eased slightly to 15.91 per cent in June 2026, but food prices accelerated sharply during the month. This underscores the continued pressure on household budgets despite broader signs of easing price growth. In its latest Consumer Price Index (CPI) report released on Wednesday, June 15, the National Bureau of Statistics (NBS) …
Nigeria's state governments are receiving more money than at any other time in recent years, but beneath the surge in revenues lies a growing fiscal concern. While internally generated revenue (IGR) has continued to rise in absolute terms, it is losing ground to the rapid increase in allocations from the Federation Account Allocation Committee (FAAC), …
The federal government has established a high-level Ministerial Advisory Committee (MAC) to provide strategic guidance on Nigeria's fiscal and macroeconomic reforms. This comes as the government seeks to accelerate implementation and ensure that the benefits of ongoing policies reach businesses and households. The committee was inaugurated on Tuesday in Abuja by the Minister of Finance …
A six-month extension sparks debate over governance, succession and the President's strategy ahead of 2027 President Bola Ahmed Tinubu's decision to extend the tenure of the Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, by six months has ignited fresh debate over governance, institutional succession, and the exercise of presidential discretion as …
Nigeria and the Hong Kong Special Administrative Region of the People's Republic of China have signed a landmark agreement to eliminate double taxation, prevent tax evasion and avoidance, and strengthen trade and investment between both economies. The agreement was signed during a virtual ceremony by Nigeria's Minister of Finance and Coordinating Minister of the Economy, …
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 …
