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Despite global unrest, mounting debts, Nigeria’s 2026 growth forecast of 4.1% unchanged — World Bank
World Bank has retained its forecast for Nigeria’s economic growth at 4.1 per cent in 2026 and 4.2 per cent in 2027, even as it expressed concerns over rising sovereign debt levels across developing economies. Disclosing this in its 2026…
VAT receipts rise by 17% to hit N2.42trn in Q1 2026, as households, manufacturing, entertainment lead growth
Nigeria’s Value Added Tax (VAT) receipts grew to N2.42 trillion in the first quarter (Q1) of 2026, representing a 17.06 per cent increase from the N2.07 trillion generated in the corresponding period of 2025. This is also as overall VAT collections…
CBN draft proposal for HoldCos seeks 20% capital buffer, restrictions on subsidiaries’ offshore operations, shared services
Central Bank of Nigeria (CBN) has moved to revise guidelines on operations and structure of financial holding companies (FHCs) in its just published exposure draft on guidelines for the licensing and regulation of operators in Nigeria, introducing a mandatory 20 per…
Nigerian agri-business firm signs $60m coffee development deal with Liberia
Nigerian agro-development company, JR Farm Group has signed a $60 million (about N81.6 billion) 20-year partnership deal on coffee production with the Liberian government. The agreement is expected to revitalise Liberia’s coffee sector, expand exports and benefit over 200,000 farmers,…
Over 1, 000 mini-grids under construction nationwide to expand access to electricity, says Tinubu
President Bola Tinubu has disclose that over 1,000 mini-grids are being developed across Nigeria as part of efforts to expand electricity access to underserved communities, universities, markets and hospitals. President Tinubu, in his Democracy Day broadcast, on Thursday, June 12, further…
Shell lists conditions for Nigeria to unlock economic potential in gas
Amid rising cost of the liquefied natural gas (LNG) and poor distribution network of the compressed natural gas (CNG), Shell Nigeria Gas (SNG) has listed conditions to be met in order for the country to unlock and fully realise potential of…
UN scribe appoints Nigeria’s Eziakonwa as Special Adviser on Africa
United Nations Secretary General, Mr. António Guterres, Friday, announced the appointment of Nigeria’s Ahunna Eziakonwa as his Special Adviser on Africa. Eziakonwa succeeds Ms Cristina Duarte of the Republic of Cabo Verde in the advisory position. The newly-appointed adviser possesses nearly…
CBN proposes FG adoption of eNaira for payment of salaries, pensions, welfare benefits
Federal Government is considering a Central Bank of Nigeria (CBN) proposal to commence paying civil servants’ salaries, pensions, social welfare benefits, in addition contractors via the eNaira platform in order to boost the adoption of Nigeria’s digital currency. The eNaira…
NGX’s ASI climbs by 0.27%, as PMI rises to 54.1% in May
Nigerian Exchange (NGX) All-Share index edged up 0.27 per cent amid decreasing liquidity, just as the Purchasing Managers’ Index (PMI) jumped to 54.1 all in May 2026, according to the Exchange and StanbicIBTC reports. According to the NGX report covering up…
TETFund awards N7.5bn in grants to 174 research teams nationwide
Federal Government, through the Tertiary Education Trust Fund (TETFund), has awarded N7.5 billion in grants to 174 research teams across tertiary institutions in Nigeria to address national development needs. Making the disclosure, while announcing the outcome of the 2025 National Research…
