FAAC shares N2.43trn among FG, states, LGs
•As CIT, CGT, stamp duties, VAT collections decline By Emma Ujah The Federation Account Allocation Committee (FAAC) has shared N2.428 trillion among the three tiers of government, Federal Government, state governments and local government councils. This comes as collections from Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties and Value Added Tax (VAT) […]
Middle East Crisis: Nigeria, West Africa risk losing shipping lines to European markets
By Godwin Oritse Shipping companies, freight forwarders and other port users have raised concerns over the potential impact of the ongoing crisis in the Middle East on cargo throughput into Nigerian ports. They warned that the situation could also worsen Nigeria’s inflation if the conflict in the region persists. Speaking with Vanguard on the development, Chairman […]
FG’s spending on domestic debt service falls 38% to $405.3m
By Elizabeth Adegbesan The Federal Government’s spending on debt service payments fell year-on-year (YoY) by 38.5 percent to $405.3 million in January 2026 from N659.7 million in the corresponding period of 2025. Analysis of data contained in the Central Bank of Nigeria’s, CBN, International Payment report showed that the downward trend also reflected in the federal […]
Africa must deepen intra-continental trade to unlock prosperity — Access Bank GMD
By Cynthia Alo The Group Managing Director of Access Bank Plc, Mr.Roosevelt Ogbonna, has called on African policymakers, financiers and businesses to deepen collaboration in order to accelerate intra-African trade and unlock the continent’s economic potentials. Ogbonna made the call yesterday while welcoming participants to the Africa Trade Conference (ATC) 2026 in Cape Town, South Africa, […]
Lagos Trade Fair traders contribute billions to Nigeria’s GDP — Minister
•Urges operators of factories abroad to consider local manufacturing By Yinka Kolawole The Minister of Industry, Trade and Investment, Jumoke Oduwole, has said traders operating within the Lagos International Trade Fair Complex corridor contribute billions of naira to Nigeria’s Gross Domestic Product (GDP), describing the axis as one of the most vibrant commercial hubs in West […]
Net foreign exchange inflow falls 18% to $61.3bn
By Elizabeth Adegbesan Net foreign exchange (Forex) inflow into the Nigerian economy fell by 18.3 per cent, year-on-year (YoY), to $61.29 billion in the eleven months ended November 2025 (11M’25), from $69.61 billion recorded in the corresponding period of 2024. This was as a result of a 25.2 percent and 3.5 percent decline in inflows through […]
