The World Bank has revised Nigeria’s economic growth projection for 2026 downwards to 4.1 percent, citing structural constraints and global uncertainties. This is according to […]
Category: Business
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VAT steady at N2.19tn as corporate tax plunges – NBS
Nigeria recorded mixed tax performance in the fourth quarter of 2025, as Value Added Tax (VAT) collections remained relatively stable while Company Income Tax (CIT) […]
DisCos raked in N204bn in January amid blackouts
Electricity distribution companies (DisCos) collected a total of N204.74 billion in January 2026 despite widespread blackouts across Nigeria. This is according to data released by […]
Pension assets hit N29.43tn in February, surges by N1.39tn
Nigeria’s pension sector recorded a record growth in February, with total assets rising to N29.43 trillion, up by N1.39 trillion from January. This is according […]
Dangote refinery raises petrol to N1,275, diesel to N1,950
The Dangote petroleum refinery has raised its gantry price of petrol to N1,275 per litre aned that of diesel to N1,950 per litre. The adjustment […]
UN’s Amina Mohammed says Dangote key to tackling Africa’s food security challenges
Amina Mohammed, the deputy secretary-general of the United Nations has underscored the strategic importance of Dangote Industries Limited -particularly Dangote Fertiliser Limited—in addressing Africa’s mounting […]
Wema Bank reports N7.187 billion fraud in 2025, staff indicted
Wema Bank Plc recorded fraud attempts in its system to the tune of N7.187 billion in 2025, with findings indicating that some of the breaches […]
CBN fines Custodian Investment N419m over rule breaches
Custodian Investment Plc paid N419.13 million in penalties to the Central Bank of Nigeria (CBN) and other regulators during the 2025 financial year, a sharp […]
Forex reserves dip $850m amid election-year pressures
Nigeria’s external reserves fell by $850 million over three weeks, reversing a nine-month upward trend, as election-related government spending and foreign exchange (FX) pressures weighed […]
Stagflation risk looms as CPPE warns of economic pressures in Q2 2026
The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns over rising risks of stagflation in Nigeria. It warned that mounting economic and […]