Economy Post

04/11/2025

From petty traders to teachers, hope rises as govt unveils 50 tax reliefs

FROM January 2026, low-income Nigerians will breathe a sigh of relief as the Nigerian government unveils a raft of tax reforms that will impact their lives positively. In January next year, the Nigerian government will begin the implementation of four tax laws to bolster the nation’s fiscal space....

04/11/2025

Naira, stocks, bonds slump on Trump’s threat to Nigeria

THE naira, stock market and other Nigerian assets fell on Monday after the markets tried dissecting United States President Donald Trump’s threat to send troops to Nigeria to eleminate terrorists allegedly murdering Christians. Mr Trump, weekend, took two decisive decisions against Nigeria over al...

03/11/2025

The Federal Government will end the sale of tickets in dollars by foreign airlines, soon, according to the President of the National Association of Nigerian Travel Agencies (NANTA), Yinka Folami.

03/11/2025

Nigeria risks sanctions, investor backlash over Trump ‘country of concern’ tag

THE United States President Donald Trump, on Friday, redesignated Nigeria as a ‘country of particular concern’ owing to allegations of Christian genocide in the country. Trump announced his decision in a Truth Social post, which was later shared on the White House’s X handle. “Christianity i...

03/11/2025

Nigeria’s weak response to insecurity emboldens Trump invasion threat

THE United States President Donald Trump is exploting Nigerian government’s poor response to local killings, banditry and terrorism to threaten an invasion of Africa’s most populous nation and biggest oil producer. Mr Trump, weekend, took two decisive decisions against Nigeria over an alleged ge...

01/11/2025

Nigeria risks sanctions, investor backlash over Trump ‘country of concern’ tag

THE United States President Donald Trump, on Friday, redesignated Nigeria as a ‘country of particular concern’ owing to allegations of Christian genocide in the country. Trump announced his decision in a Truth Social post, which was later shared on the White House’s X handle. “Christianity i...

31/10/2025

How gold-for-arms trade fuels terror in Nigeria’s North-West (2)

To evade detection, middlemen in the gold sector embed themselves within local communities, as explained by Isah and corroborated by other artisanal miners.

By Lami SADIQ As the vigilante commander in Zamfara, Rabiu Bawa knows the cost of defending such communities. “Just recently, I wanted to restructure my men, and I was very upset because many of them had been killed in a clash with bandits,” Bawa said, his voice heavy with grief. Middlemen in th...

30/10/2025

Nigerians to pay extra N100 for petrol as Tinubu imposes 15% duty on imports

PRESIDENT Bola Tinubu has approved the introduction of a 15 percent ad-valorem import duty on petrol and diesel imports into Nigeria in a move critics say will stifle competition, create monopoly and make fuel more expensive for Nigerians. According to details of a memo from the Executive Chairman o...

30/10/2025

Nigeria sinks deeper into debt as lawmakers approve Tinubu’s $2.85bn loan

NIGERIA is heading for a deeper debt as the House of Representatives approved President Bola Tinubu’s request to borrow $2.85 billion to fund part of Nigeria’s 2025 budget deficit. At the Wednesday’s plenary, the lawmakers sanctioned President’ Tinubus plan to borrow $2.35 billion and issue ...

29/10/2025

How gold-for-arms trade fuels terror in Nigeria’s North-West (1)

For years, Nigeria’s North-West region has faced persistent insecurity, driven by bandits who exploit weak governance and porous borders.

By Lami SADIQ Thirty-five years ago, Hussaini Isah scraped alluvial gold from the earth of Dan-kamfani, in North-West Nigeria, without looking over his shoulder. Today, he digs deep underground, hunted by fear and surrounded by violence and destruction that have engulfed many parts of Zamfara State....

29/10/2025

CBN refutes disbursing $1.259bn for petrol importation as naira hits 10-month high

THE Central Bank of Nigeria has refused a media report claiming that it disbursed $1.259 billion to oil marketers to import refined petroleum products, noting that the story was misleading. In a statement seen by Economy Post on Tuesday, the CBN said such reporting was entirely inaccurate and misle...

28/10/2025

States, FCT enjoy 111% federal revenue increase but citizens trapped in poverty

NIGERIA’S 36 states and the Federal Capital Territory (FCT) enjoyed 110.74 percent increase in federal transfers in 2024, according to the Central Bank of Nigeria (CBN). The rise in revenue, however, did not improve citizens’ standard of living or states’ infrastructure, according to Economy P...