Nigeria’s Tax-to-GDP Ratio Rises to 13.5% - Tinubu President Bola Ahmed Tinubu has announced that Nigeria’s tax-to-GDP ratio has climbed to 13.5 per cent, up from less than 10 per cent in previous years. The President, in his nationwide broadcast to...

Bank Customers Lose ₦250bn Annually to Cybercrime The National Bureau of Statistics (NBS) has revealed that Nigeria recorded 25.35 million cases of stolen phones between May 2023 and April 2024, making it the country’s most prevalent crime with fewer than...

Nigeria, Morocco Launch $25bn Gas Project Company The ambitious Nigeria-Morocco Gas Pipeline project, estimated to cost $25bn, is advancing rapidly with the creation of a dedicated project company and the expansion of its international financial backing. The pipeline, set to stretch...

Tinubu Tasks CBN on Funding for National Theatre Endowment President Bola Tinubu has called on the Governor of the Central Bank of Nigeria, Olayemi Cardoso, and other key stakeholders to establish an endowment fund dedicated to the maintenance and sustainability...

Nigeria Spends $2.86bn on Debt Service in Eight Months – CBN The Central Bank of Nigeria has revealed that Nigeria spent a total of $2.86bn servicing external debt in the first eight months of 2025, this accounted for 69.1 per...

NNPCL Decries Heavy Losses as PENGASSAN Suspends Action The Nigerian National Petroleum Company Limited has lamented the crude and gas production losses resulting from the three-day strike carried out by the Petroleum and Natural Gas Senior Staff Association of Nigeria. The...