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IGR: Lagos Generates N1.26trn, Yobe N11.08Bn
The Business NG
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...Widest Revenue Gap, Says NBS
The National Bureau of Statistics (NBS) has revealed a staggering disparity in Nigeria's state revenues, with Lagos State generating a record 1.26 tri
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MÁS HISTORIAS DE The Business NG
The Business NG
"Don't Overburden Citizens" - Nigeria Reacts to IMF Fiscal Advice
VAT Hike and New Telecom Taxes
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The Business NG
$5bn UAE Loan Sparks Fresh Concerns Over Nigeria's Debt Burden
Nigeria's plan to secure a $5 billion from a United Arab Emirates-based financial institution for its 2026 budget has triggered renewed concerns over the country's rising debt profile and long-term fiscal sustainability.
1 min
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The Business NG
Ekiti 2026: APC, PDP, ADC Battle for One Million Votes as Guber Election Enters Final Stretch
With just five days to go before Ekiti State decides its next governor, political parties have intensified last-minute mobilisation efforts ahead of a tightly contested election expected to draw about one million voters.
1 min
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The Business NG
N700bn FAAC Every Month: States Under Pressure as Infrastructure Deficit Persists
Nigeria's state governments collectively receive over N700 billion in monthly allocations from the Federation Account Allocation Committee (FAAC), yet questions continue to mount over persistent infrastructure gaps and uneven development outcomes across the country.
1 min
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The Business NG
Nigeria Surpasses OPEC Quota, Posts Highest Oil Production in 11 Months
Nigeria has exceeded its crude oil production quota under the Organization of the Petroleum Exporting Countries (OPEC), recording its highest output level in nearly a year as efforts to stabilize the country's oil sector continue to yield results.
1 min
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The Business NG
Nigeria's Borrowing Strategy Under Scrutiny as Revenue Increasingly Goes Into Debt Repayment
Concerns are mounting over Nigeria's rising debt profile as a growing share of government revenue continues to be allocated to debt servicing, raising questions about the sustainability of the country's borrowing strategy.
1 min
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The Business NG
Senate Extends 2025 Capital Budget Implementation to September 30
The Senate has approved a three-month extension of the implementation period for the capital component of the 2025 Appropriation Act, shifting the deadline from June 30 to September 30, 2025.
1 min
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The Business NG
Dangote Refinery Valuation Hits $39.1Bn, Raising Questions Over Share Pricing Debate
Fresh details emerging from a private placement exercise have placed the valuation of the Dangote Petroleum Refinery at an estimated $39.1 billion, offering investors and market watchers a clearer picture of the worth of Africa's largest refinery project.
1 min
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The Business NG
Labour Begins Fresh Minimum Wage Talks in July, Says N70,000 No Longer Enough
Nigeria’s organised labour movement has announced plans to commence negotiations for a new national minimum wage in July 2026, citing rising living costs and growing concerns over the adequacy of the current N70,000 wage benchmark.
1 min
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The Business NG
Nigerians Spend Over N50bn on US Visa Applications Amid Japa Surge
Nigerians reported- ly spent more than N50 billion on United States visa application fees between 2023 and 2024, underscoring the scale of migration demand and the rising financial cost of the popular ‘‘Japa’’ trend over the two-year period.
1 min
BusinessNg
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