$1trn Economy: Tinubu Sets 2026 for Take-off of National Single Window Project President Bola Ahmed Tinubu has directed the National Single Window (NSW) Steering Committee to ensure the platform becomes fully operational by the first quarter of 2026.‎ The directive, according to Presidential spokesman, Bayo Onanuga, was delivered during Tuesday’s fifth steering committee meeting at

Senate Approves $21bn Borrowing Request  The Senate on Tuesday approved President Bola Ahmed Tinubu’s request for external borrowing plan of over $21 billion for the 2025–2026 fiscal cycle. This was sequel to the consideration and adoption of a report of the Senate Committee on Local and Foreign Debt, presented by its Chairman, Senator Aliyu Wamakko

Nigeria’s Economy Surpasses IMF Projection by 30% After Rebasing The Nigerian economy has performed 30% better than projections by the International Monetary Fund (IMF) after the National Bureau of Statistics (NBS) reported figures from the rebasing. The updated data will help improve key fiscal metrics including Nigeria’s ratio of debt as a percentage of GDP

Eight Banks Meet Recapitalisation Requirements – CBN The Central Bank of Nigeria (CBN) says only eight banks have fully met their recapitalisation requirements. Olayemi Cardoso, the CBN governor, spoke on Tuesday during a press conference held after the 301st monetary policy committee (MPC) meeting in Abuja. Cardoso noted that other banks have taken steps toward

Naira Strengthens Again Against Dollar in Black Market The Naira extended its gains against the US dollar on Tuesday, July 22, appreciating in the parallel market. Currency dealers in Abuja told Economic Confidential that the Naira was exchanged at ₦1,515 per dollar for buying and ₦1,525 for selling, an improvement from Monday’s closing rate of

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), has raised concerns over the growing liquidity levels in the banking system from statutory revenue distributions, warning that the surge may spike inflationary pressures and trigger a tight monetary measure. “We are also confronted with increased liquidity injections into the banking system from statutory revenue

Kemi Badenoch, the leader of the United Kingdom’s Conservative Party, recently made a claim that sparked controversy across Nigeria. In an interview with CNN’s Fareed Zakaria, Badenoch stated that she was unable to transfer her Nigerian citizenship to her children because of her gender. “It’s virtually impossible, for example, to get Nigerian citizenship. “I have

The naira moved closer to convergence on Monday, appreciating further in the black market and remaining flat in the parallel market. This is as foreign exchange (FX) inflows rose 75 percent to $1.31 billion week-on-week, largely driven by foreign portfolio investors’ participation last week. The naira rates have further narrowed the exchange rate disparity between

Gone are the days when tax was an afterthought handled by back-office staff. Today, tax strategy sits at the heart of business and wealth planning. Nigeria’s 2025 Tax Administration Act marks a turning point in how companies and high-net-worth individuals (HNWI) plan and manage their taxes. The Act unifies multiple fragmented tax administrative laws into

Manchester United forward Marcus Rashford has completed his medical at Barcelona ahead of a season-long loan move to the Spanish giants. The 27-year-old England international arrived in Catalonia on Sunday night after receiving permission from United to finalise the details of the deal. He was welcomed at the club’s training ground on Monday morning by

Nigeria’s Cybersecurity Pivot: Strategy, Stakes, and the Road Ahead, by Shuaib S. Agaka When Nigeria hosted its maiden National Cybersecurity Conference in Abuja, it did more than convene policymakers and professionals. It marked a watershed moment in the country’s digital journey—a strategic shift from reactive firefighting to proactive cybersecurity planning. For too long, Nigeria’s tech-driven

Rebasing: Nigeria’s GDP Grows by 3.13% in Q1 2025 – NBS Following the rebasing of Nigeria’s Gross Domestic Product (GDP) report, the National Bureau of Statistics (NBS) has stated that Nigeria’s economy grew by 3.13 percent in the first quarter of 2025 from the 2.27 percent recorded in the same period in 2024. Briefing newsmen