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  Nigeria’s private sector continued to grow in July 2026, supported by stronger customer demand and a further increase in new business, although the pace of expansion slowed compared with the previous month. At the same time, businesses experienced some relief from rising input costs, with purchase cost inflation easing to its lowest level in […]

A coalition of civic and economic advocacy groups has commended recent increases in government revenue, attributing the gains to ongoing fiscal reforms and improvements in tax administration. In a statement issued on Thursday, the Coalition for Fiscal Justice, Economic Renewal and Public Accountability said the upward trend signals a potential shift in Nigeria’s public finance

Sanusi Questions Rising Debt Despite Subsidy Removal Former Governor of the Central Bank of Nigeria, Muhammadu Sanusi II, has raised concerns over Nigeria’s growing debt profile under President Bola Ahmed Tinubu, despite the removal of fuel subsidy. Sanusi made the remarks on Friday during a public event, where he questioned what he described as a

Former Minister of Youth and Sports, Solomon Dalung, has said the removal of Wale Edun as Minister of Finance and Coordinating Minister of the Economy was largely due to political considerations, rather than performance. Speaking on the recent cabinet reshuffle, Dalung argued that Edun’s exit reflected a broader effort by President Bola Tinubu to realign

BREAKING: EFCC Arrests Ex-Skye Bank Chair Ayeni Over Alleged N36bn, $30m Fraud The Economic and Financial Crimes Commission (EFCC) has arrested businessman and former chairman of the defunct Skye Bank Plc, Tunde Ayeni, over an alleged multi-billion naira fraud. Ayeni was reportedly apprehended in Abuja and is currently in EFCC custody as investigations into the

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has raised concerns over the low participation of Nigerian businesses in government-backed funding programmes, despite the availability of substantial financial support for micro, small, and medium enterprises (MSMEs). Director-General of SMEDAN, Charles Odii, disclosed this during a working visit to Falcon Chemicals Ltd in Ogun