Nigeria, Others Top Africa's $95bn Remittance Inflows
Nigeria, Egypt, and Morocco have been listed as the highest recipients of the $95bn remittance into the African continent in 2024.
This was revealed in the State of Africa’s Infrastructure Report 2025 published by the Africa Finance Corporation.
The report...
Nigeria's Annual Loss to Medical Tourism Hits $1.1bn - Afreximbank
The African Export-Import Bank has revealed that Nigeria loses an estimated $1.1bn annually to medical tourism, a trend it described as a significant drain on the country’s foreign exchange and a major impediment to the...
Senate Slams NNPCL for Rejecting N210trn Audit Investigation
The Nigerian National Petroleum Company Limited (NNPCL) on Thursday failed to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over N210tn in its audited reports from 2017 to 2023.
Despite being summoned,...
Why Tinubu Replaced FIRS with NRS in Sweeping Tax System Overhaul
In a bold move to modernize Nigeria’s fiscal landscape, President Bola Ahmed Tinubu has signed into law four transformative tax reform bills, effectively dissolving the Federal Inland Revenue Service (FIRS) and establishing a new...
FIRS Scrapped as Tinubu Signs Landmark Tax Reform Bills to Modernize Fiscal System
In a major milestone for Nigeria’s economic reform agenda, President Bola Ahmed Tinubu on Thursday signed into law four transformative tax reform bills aimed at overhauling the country’s fiscal and revenue administration...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the reforms introduced by the Bola Tinubu administration have effectively dismantled the dollar black market and boosted the Federal Government’s revenue to N6.9tn between January and April 2025.
