ECONOMY

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Tax Update: Nigerians to Self-Declare Income, Banks Won’t Be Automatically Debited

December 31, 2025
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ECONOMY, News

No Automatic Bank Deductions Under New Tax Laws – Oyedele

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, has assured Nigerians that the new tax laws scheduled to take effect on January...

No Reversal: New Tax Laws to Start January 1, Says Presidency

December 31, 2025
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ECONOMY, News

New tax laws to take effect Jan 1 as scheduled – Presidency

The Federal Government has reaffirmed that Nigeria’s new tax laws will commence as scheduled on January 1, 2026, including those that already took effect on June 26, 2025. The...

2025: Nigeria Tops African Crude Oil Exports to the United States

December 23, 2025
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Africa, ECONOMY, News, Politics

Nigeria Tops African Crude Oil Exports to U.S. in 2025

Nigeria has emerged as the leading African exporter of crude oil to the United States between January and August 2025, according to the U.S. Mission in Nigeria. A statement...

NAFDAC Issues Alert on Indomie Noodles Recall Due to Allergens

December 19, 2025
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Health, ECONOMY, NAFDAC, News

NAFDAC Warns Nigerians Over Recalled Indomie Noodles Flavour

The National Agency for Food and Drug Administration and Control (NAFDAC) has alerted the public to the recall of Indomie brand noodles, Vegetable Flavour, over the presence of undeclared...

Ahmed Responds to $5 Million Education Allegations, Welcomes Investigation

December 18, 2025
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ECONOMY, News, Politics

NMDPRA-Dangote Face-Off: Tinubu Picks Replacements as Farouk, Komolafe Resign

President Bola Tinubu has moved swiftly to appoint new leadership for Nigeria’s petroleum regulatory agencies following the resignation of Farouk Ahmed, Chief Executive Officer of the Nigerian Midstream and...

December 10, 2025
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Business, AI, ECONOMY, News, Technology

How Nigerian companies are leading a more responsible digital transformation

Artificial intelligence (AI) is everywhere–in polished social media posts, in the recommendations that guide our viewing habits, and in the bots that handle customer queries before a human agent...

FG Bans Cash Payments in MDAs, Mandates PoS Nationwide

December 9, 2025
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ECONOMY, FG, finance, News

PoS Takeover: FG Ends Cash Payments in MDAs

The Federal Government has outlawed the use of physical cash for the payment of revenue and directed Ministries, Departments, and Agencies (MDAs) to install Point of Sale (PoS) terminals...

World Bank Debt in Nigeria Set to Hit $9.65bn

December 8, 2025
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world Bank, ECONOMY, News

Nigeria’s World Bank Debt to Hit $9.65bn

World Bank loans to Nigeria between 2023 and 2025 are projected to reach $9.65bn by the end of this year as fresh approvals, ongoing negotiations, and disbursements gather pace...

December 4, 2025
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NDLEA, ECONOMY, Health, MARWA, News, Tinubu

Drug War: NCWS Commends President Tinubu, Marwa, Seeks Collaboration With NDLEA

The National Council of Women Societies (NCWS) Nigeria has commended President Bola Ahmed Tinubu over the reappointment of Brig Gen Mohamed Buba Marwa (rtd) as Chairman/Chief Executive Officer of...

CBN Revises Cash Policies, Removes Deposit Cap and Sets New Withdrawal Limits

December 3, 2025
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ECONOMY, News

CBN Announces New Withdrawal Limit, Removes Deposit Cap

The Central Bank of Nigeria (CBN) has introduced a major revision of its cash-related policies, unveiling new nationwide withdrawal limits while scrapping the cumulative deposit cap previously imposed on...