Nigerian banks are in a tango with the Federal Inland Revenue Service (FIRS) over how much should be paid in a one-off foreign exchange windfall tax, two weeks after an initial deadline elapsed....

In an ever-busy tailor’s shop in Lagos, a young man leans over a neatly folded stack of fabric. His eyes scan the patterns and textures until they settle on a fabric known locally as Senator....

From the tech startups in Yaba to the artisan workshops in Aba, Nigerian President Bola Tinubu’s proposed the National Credit Guarantee System (NCGS) could prove a game changer for an economy whose engine is oiled by its small businesses....

Is Nigeria an import-loving or production-deficient economy? This thought-provoking question was raised in the latest edition of the Financial Derivatives Company (FDC) Prism report, published on 31 December 2024....

In October 2024, the World Bank revealed a startling statistic: only 12.4 percent of Nigerians are primarily engaged in wage jobs. Yet, many of our governors appear oblivious to this economic quagmire. ...

Imagine taking a leap with N100,000 by entrusting it to an investment vehicle as of January 1, 2024. Fast forward to December 30, what does that initial investment look like now? What lessons do these figures reflect?...

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the official reopening of the Warri refinery after undergoing an $898 million refurbishment, brightening the nation’s petrol refining outlook....

In the outgoing year, 2024, some Nigerian farmers became millionaires and even billionaires selling cocoa, sesame seeds, soybeans, cashew nuts and frozen foods....