World Bank Upgrades Nigeria’s Growth Forecast to 4.4% for 2026, 2027

BusinessNewsNigeriaWorld Bank Upgrades Nigeria’s Growth Forecast to 4.4% for 2026, 2027

By Ezinwanne Onwuka (Senior Reporter)January 14, 2026

Nigeria’s economy is on track to record its fastest growth in more than a decade, the World Bank has said, revising its forecast for the country’s economic growth to 4.4 per cent for both 2026 and 2027. The announcement was made in the World Bank’s latest Global Economic Prospects report, released on Tuesday. The revised growth projection marks a significant improvement over the June 2026 forecasts of 3.7 percent and 3.8 percent, respectively. According to...

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Nigeria Secures Tariff-Free Access to UAE Market as CEPA Takes Effect

BusinessNewsNigeriaNigeria Secures Tariff-Free Access to UAE Market as CEPA Takes Effect

By Ezinwanne Onwuka (Senior Reporter)January 14, 2026

…Tinubu Announces Investopia Lagos Co-Hosting Nigeria and the United Arab Emirates (UAE) have signed a Comprehensive Economic Partnership Agreement (CEPA), aimed at deepening trade, investment, and economic cooperation between the two countries, as government officials described it as a major milestone in Nigeria’s economic diplomacy. The agreement was signed on the sidelines of the 2026 Abu Dhabi Sustainability Week (ADSW) in Abu Dhabi, with President Bola Tinubu and the President of the UAE, Mohamed bin...

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New Tax Laws to Take Effect January 1, 2026 — Tinubu

BusinessNewsNigeriaNew Tax Laws to Take Effect January 1, 2026 — Tinubu

By Ezinwanne Onwuka (Senior Reporter)December 30, 2025

President Bola Ahmed Tinubu has confirmed that Nigeria’s new tax laws will take effect on 1 January 2026, as previously scheduled, dismissing calls for a pause or reversal amid growing public debate over certain provisions of the gazetted law. In a State House press statement issued on Tuesday, 30 December 2025, the President stated that both the tax laws that took effect on 26 June 2025 and those slated for implementation in 2026 would proceed...

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President Tinubu Presents ₦58.18tr 2026 Budget to NASS

NewsNigeriaPoliticsPresident Tinubu Presents ₦58.18tr 2026 Budget to NASS

By Ezinwanne Onwuka (Senior Reporter)December 19, 2025

President Bola Ahmed Tinubu on Friday presented a ₦58.18 trillion 2026 Appropriation Bill to a joint session of the National Assembly, declaring that Nigeria had moved “from survival to growth” and was entering a phase of consolidation after two and a half years of painful economic reforms. The budget, themed “Budget of Consolidation, Renewed Resilience and Shared Prosperity,” projects a deficit of ₦23.85 trillion, representing 4.28 per cent of GDP, with ₦15.52 trillion earmarked for...

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PDP Says Tinubu’s Budget Consolidated Renewed Sufferings For Nigerians

NewsNigeriaPoliticsPDP Says Tinubu’s Budget Consolidated Renewed Sufferings For Nigerians

Uzoamaka Ikezue (Staff Reporter)December 19, 2025

The Peoples Democratic Party (PDP) has described President Bola Tinubu’s 2026 budget as a “Consolidated Budget of Suffering” for Nigerians, pointing out that citizens have suffered greatly from numerous economic woes under his administration. A press statement on Friday signed by Comrade Ini Ememobong, National Publicity Secretary of the party reads, “President Bola Ahmed Tinubu undertook the yearly ritual of presenting the 2026 budget to the National Assembly. The budget, themed “Budget of Consolidation, Renewed Resilience...

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2026 Budget: Tinubu Pegs Revenue At ₦34.33Trn, Expenditure At ₦58.18Trn

EconomyNewsNigeriaPolitics2026 Budget: Tinubu Pegs Revenue At ₦34.33Trn, Expenditure At ₦58.18Trn

Uzoamaka Ikezue (Staff Reporter)December 19, 2025

… Says New Tax Laws Will Broaden Base, Boost Non-Oil Revenues – Abbas President Bola Ahmed Tinubu on Friday presented before a joint sitting of the National Assembly the 2026 Appropriation Bill, which he described as a “Budget of Consolidation, Renewed Resilience and Shared Prosperity.” The proposal estimates total revenue at ₦34.33 trillion, while total expenditure is put at ₦58.18 trillion, including ₦15.52 trillion earmarked for debt servicing. Capital spending is projected at ₦26.08 trillion,...

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IMPI Says 14% Year-End Inflation Forecast Hinges On Tinubu’s Reforms

EconomyNewsNigeriaIMPI Says 14% Year-End Inflation Forecast Hinges On Tinubu’s Reforms

Uzoamaka Ikezue (Staff Reporter)December 19, 2025

The Independent Media and Policy Initiative (IMPI) attributes its successful forecast of a 14 percent inflation rate by the end of the year to a painstaking analysis of President Bola Tinubu’s economic policies over the last year. ‎ IMPI chairman, Dr Omoniyi Akinsiju, in a press statement on Thursday argued that while the President projected an ambitious 15% inflation rate in his 2025 budget speech, its analysts were convinced in September that the country would...

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Inflation Rate Drops to 14.45% as Food Prices Fall

EconomyNewsNigeriaInflation Rate Drops to 14.45% as Food Prices Fall

By Ezinwanne Onwuka (Senior Reporter)December 15, 2025

Nigeria’s headline inflation rate continued its sustained decline in November 2025, dropping to 14.45 per cent, the National Bureau of Statistics (NBS) has said, marking the eighth consecutive monthly reduction in consumer price pressures. In its latest Consumer Price Index (CPI) report, released on Monday, the NBS stated that the November figure was lower than the 16.05 percent recorded in October 2025. “This shows that the headline inflation rate on a year-on-year basis decreased in...

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Oluremi Tinubu Empowers 250 PWDs In Ekiti With N200,000 Each

EconomyNewsNigeriaOluremi Tinubu Empowers 250 PWDs In Ekiti With N200,000 Each

Uzoamaka Ikezue (Staff Reporter)December 4, 2025

…Launches Renewed Hope Initiative For Less Privileged The First Lady of Nigeria and National Chairman of Renewed Hope Initiative (RHI), Senator Oluremi Tinubu, on Wednesday, empowered 250 Persons With Disabilities (PWDs) in Ekiti State with a N50,000,000 grant to boost their economic independence and improve their livelihoods. Each of the PWDs was presented with N200,000 in cash at the event, held at the Lady Jibowu Hall, Government House, Ado-Ekiti. Speaking at the event, Senator Oluremi...

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Nigeria’s FX Reserves Hit $46bn, Highest Level Since 2018 — CBN

BusinessNewsNigeriaNigeria’s FX Reserves Hit $46bn, Highest Level Since 2018 — CBN

By Ezinwanne Onwuka (Senior Reporter)November 18, 2025

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has declared that the country’s foreign-exchange (FX) reserves have risen to over US$46 billion. Speaking at the opening of a colloquium to mark the 20th anniversary of the CBN’s Monetary Policy Department, Cardoso, represented by Deputy Governor Muhammad Abdullahi (Economic Policy Directorate), said the reserves level was the highest the country has recorded since 2018. He added that this amount could now cover more...

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