Nigeria Mandates E-Invoicing for Large Businesses
Nigeria Revenue Service enforces mandatory electronic invoicing for large businesses, with MTN Nigeria as the first to comply. The system aims to enhance tax compliance and digital administration.
Category : Economy
Dangote Calls for National Forum on Power Crisis and Industrial Growth
Aliko Dangote has urged the federal government to convene a national retreat to address Nigeria's electricity challenges, warning that unstable power supply threatens manufacturing and job creation. He emphasized stronger protection for local industries.
X Users Debate Rising Cost of Living: Budgeting vs. Income
A viral X post sparks intense debate on Nigeria's economy, with users arguing whether budgeting can fix the cost-of-living crisis or if stagnant wages are the real issue, highlighting divergent views on consumer habits and financial realities.
Nigeria Leads West Africa in Accelerated Eco Currency Push
West African leaders have intensified efforts to launch the long-delayed Eco regional currency, with Nigeria playing a central role in harmonizing monetary policies and meeting strict macroeconomic benchmarks for the ambitious 2027 target.
Naira Gains: Dollar Below N1,400 at Black Market, New Rates Set
The Nigerian naira has appreciated significantly, with the dollar exchange rate dropping below N1,400 at the black market. Traders announce new rates amid improved forex supply and rising external reserves.
Dangote Predicts Naira at N1,000 per Dollar by 2026
Billionaire industrialist Aliko Dangote forecasts the Nigerian naira could appreciate to N1,000 against the US dollar by 2026, citing government economic reforms and import restrictions as key drivers.
Ramadan 2026: Food Price Surge in Nigeria
Ahead of Ramadan, Nigerian markets see sharp increases in staple food prices like rice and beans, with some areas reporting doubled costs, while Lagos and Kano show relative stability.
Naira Gains as Banks Quote New Dollar Rate in Market Rally
The Nigerian naira appreciates to ₦1,335.95 per dollar, with external reserves rising to $47.8 billion, boosting market confidence and liquidity across official and parallel markets.
10 Most Affordable Nigerian States as Inflation Drops
New NBS data shows Nigeria's inflation fell to 15.10% in January 2026, with Ebonyi, Katsina, and Imo among the top 10 most affordable states to live in based on lowest inflation rates.
20 Countries Where Nigerians Can Earn Highest Salaries in 2026
New data reveals the top 20 global destinations where Nigerian professionals can secure the highest net monthly salaries in 2026, with Switzerland leading at $7,692 monthly.
NRS Sets July 2026 Deadline for E-Invoicing System
The Nigeria Revenue Service has announced a phased rollout of its E-Invoicing and Electronic Fiscal System, with medium-sized businesses required to comply by July 1, 2026.
Food Inflation Drop Raises Farmer Income Concerns in Nigeria
Nigeria's food inflation fell sharply to 8.89% in January 2026, but CPPE warns prolonged price declines could threaten farmer incomes and rural stability.
Nigeria Food Inflation at 10-Year Low, Staple Prices Fall
Nigeria records its lowest food inflation rate in a decade at 8.89% in January 2026, driven by government policies and a stronger naira, leading to reduced prices for rice and other staples across markets.
CBN New BDC Guidelines as Naira Appreciates in Black Market
The Central Bank of Nigeria is set to release new operational guidelines for Bureau De Change operators this week, coinciding with the naira's appreciation to N1,390 per dollar in the parallel market, narrowing the exchange rate gap significantly.
Naira Rallies to N1,390 as Exchange Rate Gap Shrinks
The Nigerian naira appreciated significantly in the parallel market, reaching N1,390 per dollar with a 2.16% gain. The exchange rate gap between official and parallel markets narrowed to N35, marking improved economic transparency and reduced volatility.
West Africa IMT 2026 Summit to Drive Industrial Growth in Lagos
The West Africa Industrialisation, Manufacturing & Trade Summit in March 2026 will unite ministers, investors, and industry leaders to tackle energy, financing, and regulatory challenges under AfCFTA implementation.
N3 Billion MSME Registration Waiver: FG Invites Free Sign-ups
The Federal Government has waived N3 billion in business name registration fees for MSMEs, leading to a surge in daily filings from hundreds to nearly 10,000. Over 60,000 businesses have registered, gaining access to funding and growth opportunities.
Petrol Price War: Nigerian Stations Cut Rates to Attract Customers
Intense competition among Nigerian petrol marketers has led to significant price reductions at filling stations, with Dangote Refinery lowering gantry prices and retailers adjusting pump rates to retain market share.
Adedeji: Leadership Mindset Key to Nigeria's Revenue Reform Success
NRS Executive Chairman Zacch Adedeji emphasizes that Nigeria's revenue reform success depends on leadership mindset transformation, not just policies or technology. He warns that hidden beliefs about control and perfection can undermine institutional chan
CBN Dollar Sales to BDCs Narrow Naira Gap to N65
Nigeria's currency market sees narrowing gap as Central Bank reopens dollar sales to BDCs. The naira posted weekly gain despite slight depreciation on Friday, reflecting recovery trends.
Naira Falls Against Dollar in Official and Black Markets
The Nigerian naira depreciated against the US dollar in both official and parallel markets on Friday, February 13, 2026, closing at N1,355.42/$1 at NAFEM. However, it gained against the Pound Sterling and Euro. Analysts cite strong FX demand and CBN's non
NPA Urges Investors to Use Simplified Export Pathways
NPA Managing Director Dr. Abubakar Dantsoho calls on traders and investors to leverage new Export Process Terminals and partnerships to boost Nigeria's global trade competitiveness.
Nigeria's Sugar Tax Hike: N10 to N130 Per Litre
Nigeria's proposed sugar tax increase from N10 to N130 per litre could raise drink prices by 20-50%, impacting health, jobs, and consumer budgets amid debates on effectiveness and equity.
Nigeria's Valentine's Day Boom: 7 Top Money-Making Businesses
Valentine's Day in Nigeria drives massive consumer spending, benefiting businesses like florists, restaurants, and hotels. This article explores the top seven sectors cashing in on the love season, highlighting economic impacts and challenges.
10 Cheapest European Countries for Nigerians to Relocate To
As traditional destinations like the UK and US become financially prohibitive, Nigerians are turning to budget-friendly European countries offering study, work, and residency pathways with lower costs.
Nigerian Man Finds Spain Cheaper Than UK for Groceries
A Nigerian businessman visiting Spain was stunned to discover food, drinks, and groceries cost significantly less than in the UK, challenging his previous assumptions about European prices.
FG Opens Portal for Zero-Interest Loans Up to N300,000
The Federal Government has launched applications for interest-free loans up to N300,000 through MarketMoni, TraderMoni, and FarmerMoni programs targeting entrepreneurs and farmers nationwide.
Otedola: Naira Below N1,000/$ As Dangote Refinery Hits Full Capacity
Billionaire Femi Otedola projects the naira could appreciate below N1,000 per dollar by year-end, citing Dangote Refinery's full capacity production as key driver.
CBN Allows BDCs to Buy Dollars from Official Market to Boost Liquidity
The Central Bank of Nigeria has authorized licensed bureaux de change to purchase up to $150,000 weekly from official sources, aiming to narrow the gap between official and parallel market rates and improve retail dollar access.
GOP Lawmakers Defy Trump on Canada Tariffs
In a rare rebuke, six House Republicans joined Democrats to pass a measure targeting Trump's tariffs on Canada, signaling growing GOP unease with his trade policies despite presidential veto threats.
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