Economy

All taxable Nigerians must have tax ID by 2026: Oyedele

The Federal Government has announced that, starting January 1, 2026, all taxable Nigerians must obtain a Tax Identification Number or Taxpayer Identification Number to...

NNPC confirms explosion on Escravos–Lagos pipeline

The Nigerian National Petroleum Company Limited (NNPC) has confirmed an explosion on the Escravos–Lagos Pipeline, raising fresh concerns over pipeline safety and the risk...

Nigeria’s oil output hits 1.436mbpd in November: OPEC

Nigeria recorded one of the strongest month-on-month production gains among Organisation of the Petroleum Exporting Countries (OPEC) members in November 2025, pumping 1.436 million...

PZ Cussons opts to stay in Africa, cites better Nigeria outlook

Consumer goods company, PZ Cussons, has decided to retain its Africa business, citing improving economic indicators in Nigeria and strong population growth projections across...

Nigeria eyes ₦17.89tn loan to plug 2026 budget gap

The Federal Government plans to borrow ₦17.89 trillion in 2026 to fund a widening budget deficit as revenue projections fall sharply below expenditure needs,...

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