Nigeria’s Company Income Tax Drops Nearly 50% in Q4 2025
Nigeria’s Company Income Tax (CIT) collections fell sharply in the fourth quarter of 2025, dropping to N1.49 trillion from N2.96 trillion in the previous quarter, representing a 49.8% quarter-on-quarter decline,…
Dangote Refinery Holds Petrol Price at N1,200 Amid Market Uncertainty
Dangote Petroleum Refinery & Petrochemicals has confirmed that the price of Premium Motor Spirit (PMS), commonly known as petrol, remains steady despite growing concerns about volatility in the domestic and…
U.S. Adds Plateau, Kwara to ‘Do Not Travel’ List, Evacuates Embassy Staff
The United States Department of State has updated its travel advisory for Nigeria, warning American citizens to reconsider trips to the country due to rising insecurity, including terrorism, kidnapping, violent…
Rising Debt and Middle East Conflict Cut Sub-Saharan Africa Growth Forecast to 4.1%
The World Bank has revised its economic growth forecast for Sub-Saharan Africa in 2026 downward to 4.1 per cent, citing mounting debt, rising fuel and fertilizer costs, and fallout from…
FG Issues Flood Alert for 10 States as Heavy Rain Predicted
The Federal Government has issued a warning of potential flooding in several locations across 10 states, following predictions of heavy rainfall between April 8 and April 12, 2026. The alert,…
Rainy Season May Disrupt Flights, NCAA Warns as Fare Probe Lingers
The Nigeria Civil Aviation Authority (NCAA) has warned air travellers to prepare for possible flight delays and cancellations as the rainy season sets in, citing adverse weather conditions that could…
Naira Appreciates to N1,369/$ at Official Market, Gap Widens
The Nigerian currency strengthened across both official and parallel markets on Wednesday, posting notable gains against the United States dollar despite a widening spread between the two segments. At the…
US Orders Partial Evacuation of Embassy Staff in Abuja Over Security Concerns
The United States Department of State has authorised the departure of non-emergency government personnel and their families from its embassy in Abuja, citing a worsening security environment across Nigeria. In…
Diaspora Funds Seen as Solution to Nigeria’s Housing Deficit
Nigeria’s housing sector continues to reflect a deep structural paradox — vast opportunity on one hand and a widening deficit on the other — as policymakers and stakeholders search for…
Edun Backs MOFI Housing Fund, Pushes Expansion of Affordable Financing in Nigeria
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has endorsed the growing impact of the MOFI Real Estate Investment Fund, describing it as a critical intervention…