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June 21, 2026 - 8:54 AM

Business

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Manufacturing Drives N329.6bn VAT Revenue as Sector Strengthens Nigeria’s Non Oil Economy

Nigeria’s manufacturing industry delivered a strong boost to government revenue in the first quarter of 2026, contributing N329.59 billion in Value Added Tax collections...

Nigeria’s Foreign Reserves Gain $1bn in June as FX Stability Improves

Nigeria's foreign reserves saw a substantial increase in the first half of June 2026, rising by over $1 billion as ongoing strong foreign currency...

AfCFTA Success Depends on Fixing Nigeria’s Trade Challenges

Nigeria must tackle long standing trade and logistics challenges before committing massive funding to the African Continental Free Trade Area (AfCFTA) Credit Facility, the...

Naira Slips as Forex Trading Volume Falls Sharply

On Wednesday, the Nigerian naira marginally fell versus the United States dollar as activity in the official foreign exchange market significantly slowed.    The Central Bank...

Nigeria’s Tax Revenue Hits N15.8 Trillion as Reforms Drive Strong Growth

Nigeria’s tax revenue recorded a major boost in the first five months of 2026, rising by 49 percent to N15.8 trillion as ongoing fiscal...

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