World Bank Urges Govt to Implement Reforms and Fiscal Discipline   The World Bank has urged the Federal Government to sustain the momentum of its economic reforms by tightening fiscal and monetary policies, enhancing transparency in public finance, and consolidating gains from recent measures such as...

NEITI Reveals Oil Firms, Agencies Owe FG N1.5tn in Unremitted Revenues   The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that oil companies and some government agencies owe the federation about N1.5tn in outstanding oil and gas remittances. NEITI’s Executive Secretary, Dr Orji Ogbonnaya Orji, stated...

GenCos Raises Alarm Over Exclusion from FG's N4trn Debt Verification Process   The Association of Power Generation Companies (GenCos) has raised concerns over their exclusion from the Federal Government’s ongoing debt verification and reconciliation process, which seeks to address the N4tn owed to generation companies in...

Bank Credit to Private Sector Declines to N75.83trn   Bank credit to Nigeria’s private sector fell to N75.83tn in August 2025, the lowest level recorded this year, according to the Central Bank of Nigeria’s latest money and credit statistics. The figure represents a 0.4 per cent decline...

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said Nigerians who earn income from sex work and other activities often considered “illegitimate” will be liable to pay taxes under the country’s new fiscal regime.

Federal Inland Revenue Service has explained that the government’s reforms exempt food, education, shared transportation, and agriculture from value-added tax.