The United States has approved $413 million for counter-insurgency and security operations in Nigeria and other West African countries in the 2026 fiscal year, following the signing of the National Defence Authorisation Act (NDAA) into law in December 2025.

By Babajide Komolafe The World Bank has warned that Nigeria’s economic growth, though showing signs of recovery, remains fragile and may not translate into improved living standards for millions of citizens unless targeted policies are implemented to reduce poverty. Dr Samer Matta, the World Bank’s Senior Economist for Nigeria, made this assertion at the Nigeria Economic […]

By Emeka Anaeto & Babajide Komolafe  The Nigerian Economic Summit Group, NESG, yesterday, warned that the 2027 general elections could pose the biggest threat yet to Nigeria’s ongoing economic reforms, cautioning that reform fatigue and policy reversals often set in as political cycles approach. Speaking at the presentation of the NESG 2026 Macroeconomic Outlook, NESG Chief […]

The Nigerian Exchange Limited (NGX) has admitted an additional 3.16 billion ordinary shares of United Bank for  Africa (UBA) Plc, to its Daily Official List, signalling a major enhancement of the bank’s market capitalisation whilst also deepening liquidity on the capital market. The NGX noted this in a confirmatory letter to the bank, dated January 12, […]

By Emma Ujah, Abuja Bureau Chief The Nigeria Revenue Service (NRS) has clarified that there was no fresh imposition of Value-Added Tax (VAT) on banking services.  In a statement yesterday, the NRS said VAT has always applied to banking services and not newly introduced under the new Nigeria Tax Act. The statement signed by Dare Adekanmbi, […]