Many Nigerian workers who received their January 2026 salaries are already noticing improved take-home pay following a reduction in deductions under the Pay As You Earn (PAYE) tax system. The development was disclosed by Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, in a statement shared on his WhatsApp platform. He…
Shell Plc has signalled a renewed and expanded investment push in Nigeria, citing improved political stability, policy consistency, and leadership as key factors driving its confidence in the country’s energy sector. The Chief Executive Officer of Shell Plc, Wael Sawan, disclosed the company’s investment plans during a meeting with President Bola Tinubu in Abuja on…
Latest food inflation statistics released by the National Bureau of Statistics (NBS) showed that Nigeria’s food inflation rate dropped in December 2025. Prices of some food items have further dropped across markets in the Federal Capital Territory (FCT), Abuja, as residents welcomed the development. A market survey conducted by the News Agency of Nigeria (NAN)…
Nigeria has been removed from the European Union’s list of high-risk jurisdictions, a move expected to ease trade, payments and investment flows between the country and Europe, according to a report by Business Insider. Business Insider reports on Wednesday that the European Commission confirmed that Nigeria, alongside South Africa, Burkina Faso, Mali, Mozambique and Tanzania,…
The Nigeria Revenue Service (NRS) has dispelled misinformation doing the rounds on the imposition of Value-Added Tax (VAT) on banking services, including electronic money transfer, fees and commission, describing the reports as incorrect and misleading. In a statement on Thursday, NRS said VAT has always applied to banking services and is not newly introduced under…
The National Bureau of Statistics (NBS) on Thursday said Nigeria’s Headline Inflation declined to 15.15 percent in December 2025. Although the figure is higher than 14.45% reported in November, the adjustment in the Consumer Price Index (CPI) increased the figure to 17.33 percent. The NBS in its monthly report said the December 2025 year-on-year Headline…
The World Bank announced yesterday that Nigeria’s economy is on track to record its fastest growth in more than a decade, upgrading its forecast for the country’s economic growth to 4.4 per cent for 2026 and 2027. The World Bank disclosed this in its latest Global Economic Prospects report released yesterday. The latest growth forecast…
The Nigerian Exchange (NGX) began the year on a bullish note, as renewed investor appetite pushed equities market capitalisation above the ₦100 trillion threshold, underscoring strong early-year buying and broad-based gains across listed stocks. Market data showed that total equities market capitalisation climbed from ₦99.94 trillion on January 2 to ₦101.81 trillion by January 5,…
A surge in electronic transactions by Nigerians has helped the Federal Government to beat its revenue target by N88.73 billion by half-year 2025. This is according to data contained in the Federal Government’s 2025–2027 Medium Term Expenditure Framework (MTEF), just released by the Budget Office. The EMTL performance helped boost the government’s non-oil revenue for…
Nigeria’s headline inflation rate moderated to 14.45 per cent in November 2025, marking a significant slowdown from the 16.05 per cent recorded in October 2025. This is according to the latest figures released by the National Bureau of Statistics (NBS) on Monday. This represents a decline of 1.6 percentage points month-on-month, indicating easing price pressures…
