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, […]

By Elizabeth Adegbesan The National Bureau of Statistics, NBS, yesterday said headline inflation rate fell by 2.18 percentage points  to  15.15 percent in December 2025 from 17.33 percent in November 2025. The NBS disclosed this in its Consumer Price Index (CPI), report for December 2025. Recall, early this week that the NBS adjusted its CPI methodology […]

By Emeka Anaeto & Babajide Komolafe There are indications that the Federal Government is set for a major shift in its economic policy direction in 2026, focusing more on delivering tangible improvement in livelihood of citizens than in achieving positive macroeconomic figures. This formed the key content of the speech delivered by the Minister of Finance and […]

The commission did not provide reasons in its report released Thursday, but there were indications that it might be fueled mainly by limited investment and production.

Nigeria’s exit from the European Union’s high-risk third-country list is a major boost for investor confidence, the Coordinating Minister of the Economy and Minister of Finance, Mr. Wale Edun, has said, as the government moves to prioritise affordable food, housing, and job creation in the next phase of reforms.