With food insecurity in Nigeria set to affect 33 million by 2025, economic hardship, climate change, and conflict aggravate the crisis.
In 2024, Nigerian states allocated a massive N243.2 billion to debt charges, with Ondo State leading at N64.6 billion
Financial experts back Nigeria’s proposed 25% income tax for the wealthiest, calling it a key step toward economic recovery and fairer wealth distribution
CBN reassures the public that old N200, N500, and N1,000 naira notes will remain legal tender indefinitely contrary to claims of expiration by December 31, 2024.
Nigeria’s fiscal deficit reaches N4.3trn in Q2 2024, driven by surging debt service costs and recurrent expenditures, despite increased revenue from exchange rate gains and improved tax efficiency.
Nigeria has officially joined BRICS as a partner country at the 16th BRICS Summit in Russia as Nigeria aims for deeper economic cooperation
IMF projects a slowdown in Nigeria’s economic growth due to the impact of heavy floods and drop in oil production.
Nigerian Government aims towards greater revenue generation by targeting gaming and betting services with taxes.
FAAC distributes N1.298 trillion for September 2024 among the Federal, State, and Local Governments, with funds from VAT, EMTL, and Oil Royalties.
Nigeria lands $119 million in investments for MSMEs and the tech sector from Ericsson and Gluwa, following VP Shettima’s meeting with Swedish investors.
