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The Central Bank of Nigeria (CBN) withdrew N7.303 trillion from the financial system in May 2026 while injecting N5.734 trillion through maturing instruments, resulting in a net liquidity withdrawal of N1.569 trillion during the month. The post CBN drains N7.30…
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Nigeria spent $2.34 billion on food imports in 2025, according to data from the Central Bank of Nigeria’s latest Quarterly Statistical Bulletin. The post Nigeria spends $2.34 billion on food imports in 2025 – CBN appeared first on Nairametrics.
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Nigeria’s crude petroleum sector grew by 16.37% year-on-year in nominal terms in the first quarter of 2026, marking a return to expansion despite lower oil production during the period, according to data from the National Bureau of Statistics (NBS). The…
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Nigerians living abroad remit billions of dollars to the country each year, making the diaspora one of the most important sources of capital for household support, business activity, and long-term investment. The post Tax strategies for Nigerian diaspora investors in…
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President Bola Tinubu has said the removal of fuel subsidy by his administration saved Nigeria from imminent bankruptcy and helped lay the foundation for the country’s economic recovery. The post Fuel subsidy removal saved Nigeria from bankruptcy – Tinubu appeared…
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A draft framework circulating within Nigeria’s fixed income market suggests the Central Bank of Nigeria (CBN) and the Financial Markets Dealers Association (FMDA) may be considering significant changes to the operating model of over-the-counter (OTC) fixed income brokers. The post…
Read moreCentral to Nigeria’s tax ecosystem is the Federal Inland Revenue Service (now the Nigeria Revenue Service), the nation’s apex tax regulator. The post Tax disputes: See the companies, states fighting NRS in court in 2026 appeared first on Nairametrics.
Read moreThe Nigerian Exchange closed May 2026 on a positive note, posting a 3.35% gain, although it marked the market’s lowest monthly gain since the start of the year. The post Nigerian Exchange closes May 2026 up 3.35%, lowest gain in…
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