Credit extended to Nigeria’s private sector by deposit money banks declined by N1.3 trillion over the past year, reflecting the combined impact of aggressive monetary tightening and rising borrowing costs, even as short-term fluctuations show businesses continue to rely heavily on bank financing.

The new Nigerian tax regime was formally proposed on October 3, 2024, when President Bola Ahmed Tinubu transmitted the Tax Reform Bills to the National Assembly.

Tinubu Nominates New Boards for NUPRC, NMDPRA President Bola Tinubu has nominated new boards for the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). In a statement, Bayo Onanuga, Special Adviser to the President on Information and Strategy,...

Nigeria's new Tax Act is introducing incentives for local manufacturing, aiming to boost the sector's growth.

The Crude Oil Refineries Association of Nigeria (CORAN) is calling on the Federal Government to restrict fuel imports and prioritize domestic refining.

The Pension Transitional Arrangement Directorate (PTAD) has disbursed a total of N55.9 billion as monthly pensions and pension arrears to eligible pensioners and next-of-kin of deceased pensioners under the Defined Benefits Scheme (DBS) in December 2025.