In Three Months, Manufacturing Sector Remits N330bn in VAT   Nigeria’s manufacturing sector remitted a record N329.59bn in Value Added Tax in the first quarter of 2026, the highest quarterly VAT contribution by the sector in four years and the largest share recorded by any economic...

Company Income Tax (CIT) payments by Nigeria’s manufacturing sector fell sharply by 68.25% year-on-year to ₦74.48bn in Q1 2026

Nigeria’s crude oil export earnings fell by ₦1.75 trillion in Q1 2026, despite a rally in global oil prices, according to the National Bureau of Statistics (NBS).

Headline inflation has climbed to 15.93% in May 2026, according to the latest Consumer Price Index (CPI) report from the National Bureau of Statistics (NBS). 

That experience brought home a troubling reality: kidnapping in Nigeria is no longer merely a security challenge. It has become a thriving criminal industry, one that extracts enormous wealth from households, cripples economic productivity, devastates communities and leaves deep psychological scars on its victims.

Nigeria’s spending on petrol imports plunged by over 96% in Q1 2026, dropping to just ₦87.4bn, according to the National Bureau of Statistics (NBS).