Economy

Nigeria’s CIT Revenue rose to N2.96trn in Q3 2025

Foreign firms accounted for 59% Company income tax (CIT) revenue, Nigeria’s revenue, rose by 67.19 percent year-on-year to N2.96 trillion in the...

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Nigeria’s gold reserves in London BMA now $3.5bn — CBN

BY BONNY AMADI The Central Bank of Nigeria (CBN) says its gold reserves have increased to $3.5 billion. The upsurge in gold...

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VAT Revenue hit N2.28trn in Q3 2025 — up by 28% from 2024….NBS

BY Bonny Amadi The Nigerian, National Bureau of Statistics (NBS) says value-added tax (VAT) stood at N2.28 trillion in the third quarter...

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Dangote refinery increases ex-gantry petrol price by N100 to N874/litre

The Dangote Petroleum Refinery has increased its ex-gantry petrol price to N874 per litre. According to sources at the plant, the refinery...

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Power Sector: Total Blackout, Strike Loom over Job Losses

BY BONNY AMADI Nigeria may be thrown into total darkness as the workers in the country’s energy sector are warming up to...

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ECOWAS Establishes Regional Monitoring, Evaluation Framework for Tax Transition

The Regional Steering Committee for the Economic Community of West African States (ECOWAS) Tax Transition Programme was officially inaugurated from February 24...

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FGN N800bn Bond auction oversubscribed @ N2.7trn, but N524bn allotted

As Nigerian Local Bonds thrives on Bullish Sentiment While Eurobonds Retreat BY BONNY AMADI In the week ended February 27, Nigerian Government’s...

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African Heads of states launch AIFF to boost financial sovereignty

African Heads of State and Government on February 14, 2026, formally launched the Africa Infrastructure Financing Facility (AIFF), a coordinated, Africa-led platform...