World Bank Forecasts Nigeria’s Economy to Grow at 4.2% in 2025 and 4.4% in 2027
The World Bank has forecast Nigeria’s economic growth at 4.2% for 2025 and 4.4% for 2027, signaling a positive outlook for Africa’s largest economy over the medium term. This projection marks an optimistic revision upward from previous estimates, reflecting expected improvements in key sectors such as financial services, telecommunications, technology, and transportation. The forecast is […]
State Govt Begins Payment of ₦104,000 Minimum Wage, as Some States Struggle to Pay ₦70,000
State Govrt Begins Payment of ₦104,000 Minimum Wage, as Some States Struggle to Pay ₦70,000 The Imo State Government has commenced payment of the new ₦104,000 minimum wage to state workers, fulfilling Governor Hope Uzodimma’s earlier promise to review salaries upward in line with prevailing economic realities. Reliable sources confirmed to PUNCH Online that several […]
Everyone Who Earns Must Pay Tax — FG Insists, Lists Sex Workers, Agberos
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has reiterated that every Nigerian who earns an income, regardless of their occupation, has a legal responsibility to declare it for tax purposes. Speaking on Friday during an interactive session with journalists, influencers, and public analysts on the recently enacted tax reforms, […]
NUPENG to Nigerians: Don’t be deceived by Dangote refinery’s free petrol delivery — it’s Greek gift
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) says the free petrol distribution announced by the Dangote refinery is a “Greek gift”. A Greek gift is a present given with a hidden intention to harm the recipient. On Thursday, the refinery said the free direct supply of the product will commence in 11 […]
FG collects N600bn VAT from Facebook, others
The Federal Government has announced that Nigeria has successfully collected over ₦600bn in Value Added Tax from global digital service providers such as Facebook, Amazon, and Netflix. Mr Mathew Osanekwu, Special Adviser on Tax Policy to the Chairman of the Tax Reforms Committee, disclosed this during a workshop for media practitioners in Abuja on Wednesday. […]
CBN Sets Date for Interest Rate Decision Meeting
CBN Sets Date for Interest Rate Decision Meeting The Central Bank of Nigeria (CBN) has announced that the 302nd meeting of its Monetary Policy Committee (MPC) will take place later this month at the CBN head office in Abuja. The announcement published on its website stated that the meeting is scheduled to begin on Monday, […]
Burden on Nigerians Is Becoming Legendary” — Obi Knocks Tinubu on Passport Hike
Former Presidential Candidate of the Labour Party (LP), Mr. Peter Obi, has condemned the Bola Ahmed Tinubu-led Federal Government for increasing the cost of obtaining a Nigerian passport, describing the move as another heavy burden on already struggling citizens. In a post on his X handle Thursday night, the former Anambra State governor expressed shock […]
Apply: FG rolls out another interest-free loan scheme, mentions those eligible
Ayodele Olawande, minister of youth development, has unveiled ‘YouthCred’, a federal government initiative aimed at providing members of the National Youth Service Corps (NYSC) with access to single-digit interest loans to support their entrepreneurial ambitions. Last week, the Nigerian Consumer Credit Corporation (CREDICORP) partnered with NYSC to provide corps members with access to credit facilities […]
CBN Slams 10-Metre Rule on PoS Agents to Curb Fraud Nationwide
Central Bank of Nigeria (CBN) has issued a new directive that will shut down PoS devices that are used outside of a merchant’s registered address. In a circular released on August 25, 2025, the regulator ordered all licensed operators, including Moniepoint, OPay, PalmPay, and banks, to geo-tag every PoS terminal within 60 days. This means […]
FG: We’ve opened single-digit mortgage loans for Nigerians
Ministry of Finance Incorporated (MOFI) says Nigerians have started accessing affordable long-term mortgage facilities at 9.75 per cent. The mortgage facilities extend as long as 20 years, a radical initiative aimed at bridging the country’s estimated 20 million units housing gap. Chief Executive Officer, (MOFI), Dr. Armstrong Takang, said several beneficiaries across geopolitical zones have […]