Nigerians Spend N1.41tn On Beer, Malt, Spirits In H1 2026 As Brewers Post Stronger Earnings Nigerians has spent N1.41 trillion on beer, malt and spirits in H1 2026 as brewers posted stronger earnings and profits. Nigerians spent an estimated N1.41 trillion on beer, malt and spirits during the first half of 2026, as the country’s…
FG To Publish Details Of Savings From Fuel Subsidy Removal — Oyedele Minister of Finance and Coordinating Minister of the Economy Taiwo Oyedele The Federal Government has said that it will soon publish details of how savings from the removal of fuel subsidy have been spent. It said that savings from the removal of fuel…
Petrol depot prices drop as marketers slash rates by up to N23/litreprice of petrol Petrol depot prices declined across major supply centres yesterday as marketers implemented fresh price cuts, signalling increased competition in the downstream petroleum market. An analysis of the mid-day depot price report showed that most major depots in Lagos, Warri, Calabar and…
EIRS BOSS ADVOCATES STRONGER TAXPAYER RELATIONS, PROMOTES COMPLIANCE DURING FACT-FINDING VISIT TO UTESI INDUSTRIAL HUB In a bid to enhance voluntary tax compliance and foster a collaborative business environment, the Executive Chairman of the Edo State Internal Revenue Service (EIRS), Mr. John Odior FCA, ACTI has called for a strengthened relationship between the state tax…
Currency in Circulation Drops to ₦5.52tn in June 2026 — CBN. Currency in circulation (CIC) in Nigeria fell to N5.52 trillion in June 2026 from N5.690 trillion in May, reflecting a moderation in cash held within the economy as the Central Bank of Nigeria (CBN) intensifies efforts to promote digital payments and reduce reliance on…
Economic Reforms Are Paying Off, Nigeria Now in Golden Era — Tinubu President Bola Tinubu on Thursday said the nation’s economy has passed the darkest tunnel as his administration is running a very stable economy right now. This is as the President has affirmed that the reforms instituted by his administration have been receiving global…
Doyin Salami: Nigeria’s richest 1% control nearly half of nation’s wealth Doyin Salami, economist and chief executive officer (CEO) of KAINOS Edge Consulting Ltd, says Nigeria’s richest 1 percent now control 44 percent of the country’s total wealth — up from about 25 percent two decades ago. Speaking on Wednesday at Anchoria’s The Quorum Investor…
