Nigeria collected $9.51 billion in tax revenue in the first half of 2025, a 43 percent increase from 2024, driven by non-oil taxes and ex...

The IMF warns that Nigeria’s 7.5 percent Value Added Tax rate could cost the country $300 million, or 0.5 percent of GDP, straining essen...

Nigeria’s GDP grew 3.13 percent year-on-year in Q1 2025, driven by sectors like housing, which has surpassed oil in GDP contribution. Bas...

At Magicland, a privately owned theme park in Nigeria's capital, Abuja, the country's recurrent crises -- from galloping inflation t...

President Bola Tinubu said the new law will create a fairer and more efficient tax system, simplify revenue collection, reduce the tax bu...

As Nigeria’s cost of living crisis stretches into its second year, pet owners are now among those feeling the economic squeeze. With food...

The World Bank has warned that Nigeria’s poverty levels are rising fast and will likely get worse in the coming years. A high cost of liv...

Nigeria’s economic managers are concerned over the continued drop in global oil prices, warning of potential impacts on the oil-dependent...

Nigeria is under pressure to diversify its trade partners after the U.S. announced a potential 14 percent tariff on its exports. Manufact...

The International Monetary Fund (IMF) has urged Nigeria to be prudent in spending following the implementation of hard economic reform that ...

It points to a shifting pattern as Nigerians grapple with one of the toughest economic crises in decades after President Bola Tinubu halted ...

Experts attribute the decline in food prices to enhanced security for farmers in rural areas. While this reduction offers some relief in ...

Achieving this goal will require significant policy changes, private-sector expansion, and increased investment in key sectors. Experts w...

  The cost of a 50kg bag has jumped from $16 to $60, far surpassing the country's minimum wage. With local production falling short and...

Nigeria's economic crisis is hitting renters in Lagos hard as landlords pass down the costs of spiralling inflation -- pushing residents...

Nigeria’s GDP per capita has dropped to 835 U.S. dollars, a significant decline from its 2023 range of 1,597–2,460 dollars, according to ...

Nigeria's President Bola Tinubu has increased the size of the 2025 budget to 54.2 trillion naira ($36.4 billion) from 49 trillion naira,...

The refinery, on Saturday, disclosed to Nigerians that it had decided to reduce its petrol price from N950 to N890 per liter. “In a bold mov...

Nigeria’s power prices need to rise by about two thirds for many customers to reflect the cost of supplying it and an increase can be expect...

Nigeria needs to double economic growth within the next year or two from an annualized rate of 3.5% in the third quarter to lift its populat...