World Bank Forecasts 3.6% Economic Growth for Nigeria   The World Bank has projected that Nigeria’s economy will grow by 3.6 per cent in 2025, building on an estimated expansion of 3.4 per cent in 2024, as key macroeconomic reforms begin to stabilise the business environment. The...

Ten Banks Contribute N987bn in Taxes to FG   Ten commercial banks in Nigeria paid a combined N987.40bn in corporate income tax to the Federal Government in the 2024 financial year. This sum was disclosed in the banks’ consolidated and separate financial statements for the year ended...

'Rising Inflation May Halt Interest Rate Reduction'   Members of the Organised Private Sector have expressed fear that the recent uptick in Nigeria’s inflation rate risks shattering initial hopes of a reduced interest rate. According to the National Bureau of Statistics, the country’s headline inflation rose to...

MAN Reports 35% Drop in Manufacturing Sector Investments   A report by the Manufacturers Association of Nigeria (MAN) has revealed that investments in the manufacturing sector contracted by 35.3 per cent in 2024. The sector endured a sharp contraction in real investment in the past year, as...

'US Tariff May Slow Nigeria’s Economic Growth Prospects'   Nigeria’s economic growth prospects in 2025 face a potential slowdown due to a newly imposed 14 per cent reciprocal tariff by the United States on Nigerian imports. This was indicated in the latest ‘Nigeria Economic Outlook – April...

CBN Governor Hit with N220m Contempt Suit   Central Bank of Nigeria Governor, Olayemi Cardoso, and the CBN’s Director of Legal Services, Salam-Alada Kofo, have been sued for contempt of court at the Federal High Court in Abuja over their alleged refusal to comply fully with...