Tag: NIGERIAN ECONOMY

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Federal Government Says No New Tax Hike Planned, Focus Shifts to Expanding Nigeria’s Tax Base

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The Federal Government says it has no plans to raise taxes but will expand Nigeria’s tax base by ensuring more eligible citizens and businesses meet their tax obligations.

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FG’s Domestic Borrowing Jumps by N17.39 Trillion in One Year as Banks Increase Investment in Government Securities

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Nigeria’s Federal Government borrowing surged to N40.38 trillion in May 2026, raising concerns over reduced private sector lending and economic growth.

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Nigeria’s Oil Industry Set for Major Boost as Regulators Partner to Cut Costs and Improve Safety

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Nigeria’s oil sector could see increased investment and efficiency as regulators collaborate to reduce production costs and strengthen safety standards across the industry.

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Nigeria Hotels Face Crackdown Over Hosting Fraudsters — NHA Issues Tough New Warning

The Nigeria Hotels Association warns hotels nationwide against harboring criminals and internet fraud suspects, announcing strict penalties, possible closures, and tighter industry regulations.

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Nigeria Airlines Threaten Shutdown Over Soaring Aviation Fuel Prices in 2026

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Nigerian airlines may halt operations from April 20, 2026, as Jet A1 -Aviation fuel prices surge over 300%. Here’s what it means for travelers and the economy.

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BLUE UPDATE

CBN PREDICTS NEGATIVE ECONOMIC GROWTH IN 2nd QUARTER.

The Central Bank of Nigeria has predicted negative Gross Domestic Product growth for the country in the second quarter of 2020 owing to the COVID-19 pandemic that had affected the economy. The CBN Governor, Mr Godwin Emefiele, made the prediction while fielding questions from journalists after the Monetary Policy meeting in Abuja on Thursday. Emefiele […]