Economy

Former Emir of Kano, Sanusi Lamido Sanusi says Nigeria is in a far worse economic mess today because it failed to implement the right policies and instead it has, like one in a hole, kept…

The move by the Lagos and Rivers state governments to collect Value Added Tax (VAT) in their states could serve as a starting point in achieving true fiscal federalism in Africa’s biggest…

Nigerian states have grown increasingly dependent on the Federal Government for revenue since the economic crisis of 1979–1980, not minding it contradicted true fiscal federalism. That is…

With the judgment delivered in favour of Rivers State by Justice Stephen Pam of a Federal High Court in Port Harcourt, on August 10, the stage was set for what would become long-drawn…

The journey to true fiscal federalism in Nigeria took a bold leap last month after a Federal High Court in Port Harcourt ruled that the Federal Inland Revenue Service (FIRS) should not be…

For two straight quarters after it exited recession in the last quarter of 2020 with 2.81 percent growth, the Nigerian real estate sector has recorded impressive positive growth. The sector…

There has been recent expansion in credit to the private sector in Africa’s largest economy but the pace of growth remains too weak to match what is obtainable in peer countries, leaving a…

Nigeria, starved of foreign investment inflows, is among countries ill-prepared to cope with the backlash of accelerating global inflation and rising interest rates in the United States.…

The raging battle over Value Added Tax (VAT) in Africa’s biggest economy continued on Wednesday with the Federal Inland Revenue Service (FIRS) declaring that the 36 federating states lack…

Nigeria's exports to Africa fell by 25% in the first six months of 2021 compared to the same period last year, according to foreign trade data released recently by the National Bureau of…