As inflation and high living costs bite harder, many Abuja private car owners are turning to informal passenger services to supplement income, highlighting economic strain and gaps in the city’s transport system.
Financial analyst Kalu Aja has stirred debate after stating that Nigeria’s economy performed better in the 1950s under British colonial rule than it has in the decades following independence in 1960.
The NRS says VAT is charged only on bank service fees and commissions, not on customers’ transactions, and insists no new tax burden has been introduced under the Nigeria Tax Act.
CBN data shows that most Nigerian banks are paying about 8% interest on savings in 2026, with only a few lenders offering significantly lower returns.
Nigeria’s headline inflation rate fell to 15.15 percent in December 2025, down from 17.33 percent in November, according to the
Nigeria’s crude oil output fell again in December, leaving the country short of its OPEC+ quota for a fifth straight month despite plans by NNPC to significantly boost production in the coming years.
The Federal Government has announced that Nigeria and the United Arab Emirates have eliminated tariffs on more than 13,000 goods
The World Bank has projected that Nigeria’s economy will record its fastest growth in more than a decade, upgrading its
The Federal Government has announced the commencement of operations at a high-purity gold refining plant in Lagos,
Nigerian defense tech startup Terra Industries has raised $11.8 million in a seed round led by Palantir co-founder Joe Lonsdale’s 8VC to expand drone manufacturing and security deployments across Africa.
