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 …
Nigeria's non-oil export sector achieved a historic milestone in 2025, reaching a record $6.1 billion in earnings. This represents an 11.5 per cent increase from the $5.46 billion recorded in 2024, marking the highest value since the Nigerian Export Promotion Council (NEPC) was established nearly 50 years ago. This was revealed on Monday in Abuja …
As Nigeria ushers in 2026, the country appears to be finding firmer footing in its economy, buoyed by a rebound in non-oil sectors and easing inflation. Beneath the surface, a report by CSL Stockbrokers Limited fears that deep-seated insecurity, social pressures, and global uncertainties loom large, threatening to complicate the journey ahead. In the report, …
Nigeria lost N16.2 trillion in oil revenue in the first half of 2025, reflecting a shortfall from the government's revenue targets for that period. According to a report released by the Budget Office on budget performance, N9.32 trillion was generated out of the 25.52 trillion projected for January to June 2025. This means only 36.52 …
President Bola Ahmed Tinubu says Nigeria met its 2025 revenue target as early as August and now has enough resources to run government programmes without borrowing. He described the development as proof that the economy, once shaken by turbulence, is beginning to stabilise. Tinubu made the disclosure yesterday at the Presidential Villa, Abuja, while hosting …
