FIRS Clarifies 4% Development Levy, Says New Tax Laws Will Cut Costs, Boost Investment
The Federal Inland Revenue Service has clarified that the controversial 4% Development Levy introduced under Nigeria’s new tax reforms is not a new tax, but a consolidation of multiple existing…
FG Projects N54.43tn 2026 Budget as Debt Service Soars to N15.91tn
The Federal Government on Wednesday unveiled a proposed N54.43tn budget for 2026, with debt servicing alone expected to consume N15.91tn, a figure nearly four times higher than what the country…
Nigeria’s GDP Expected to Climb to 4.22% in Q4 2025 — CardinalStone Report
Nigeria’s economy is projected to record a stronger performance in the final quarter of 2025, with GDP growth forecast to rise to 4.22 per cent, according to new projections by…
Miners Reject Northern Governors’ Six-Month Mining Ban, Warn of Rising Insecurity
Mining operators across the country have condemned the six-month suspension of mining activities proposed by the 19 Northern governors, warning that the measure would worsen insecurity rather than curb it.…
Minister Links Worsening Poverty to Low Economic Returns, Seeks Expanded Social Protection
The Minister of Budget and Economic Planning, Senator Abubakar Bagudu, says many hardworking Nigerians remain stuck in poverty because their economic returns are too low to sustain meaningful progress. Bagudu…
Presidential Jet Delisted From Market as Marketing Firm Withdraws Sale Listing
The marketing company contracted to handle the sale of Nigeria’s presidential Boeing 737-700 Business Jet has quietly withdrawn the aircraft’s listing from its website, raising fresh questions about the status…
Nigeria’s ICT, Telecoms, Agriculture Lead Fastest-Growing Sectors in Q3 2025 as Economy Expands by 3.98%
Nigeria’s economy continued its gradual rebound in the third quarter of 2025, recording a 3.98% year-on-year growth, slightly higher than the 3.86% posted in the same period of 2024, according…
US Imposes Visa Ban on Nigerians Accused of Persecuting Christians, Violating Religious Freedom
The United States government has announced new visa restrictions targeting individuals accused of orchestrating or supporting the persecution of Christians and other religious groups in Nigeria. The policy was revealed…
CBN Removes Cash Deposit Limits, Raises Weekly Withdrawal Threshold to N500,000
The Central Bank of Nigeria has lifted long-standing cash deposit limits and increased the weekly cash withdrawal allowance for individuals from N100,000 to N500,000, in a major policy shift aimed…
Senate Confirms Gen. Christopher Musa as Nigeria’s Defence Minister
The Nigerian Senate has confirmed former Chief of Defence Staff, Gen. Christopher Musa (retd.), as the country’s new Minister of Defence, following a rigorous five-hour screening on Wednesday. During the…