Why Well-Meaning Nigerians Should Support Tax Reform By Demola Bakare Nigeria stands at a familiar crossroads. On one path lies the comfort of resistance—loud objections, recycled mistrust, and the temptation to dismiss reform as yet another burden on the people. On the other lies a more...

Emir of Ilorin Declares Ita-Nmo Market Land Public Asset, Confirms Saraki’s Historic Donation The Emir of Ilorin and Chairman of the Kwara State Traditional Rulers Council, Alhaji (Dr.) Ibrahim Sulu-Gambari, CFR, has formally dismissed recent claims of private ownership over the Ita-Nmo Market land, declaring...

Osita Chidoka Breaks Down VAT Reform, Cautions South-East: “VAT Belongs to States, Not Traders” Former Chairman of the Federal Road Safety Commission (FRSC), Mr. Osita Chidoka, has weighed into the ongoing national debate on Value Added Tax (VAT) reform, dismissing claims that VAT contributions should...

NFIU Hails EU Delisting of Nigeria from High-Risk Countries; Cites "External Validation" of Reforms The Nigerian Financial Intelligence Unit (NFIU) has officially welcomed the decision by the European Union (EU) to remove Nigeria from its list of high-risk third countries, describing it as a landmark...

Naira Appreciates Across Markets on Jan 16 The naira strengthened against the U.S. dollar on Friday, January 16, across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira traded at ₦1,480/$1 for buying and...

Nigeria Imports 1.3bn Litres of Petrol Despite Local Production   Nigeria imported approximately 1.31 billion litres of petrol in December 2025, according to data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). During the same period, the Dangote refinery reportedly supplied 992 million litres,...