Financial markets, banking, economic policy, and business news.
President Tinubu establishes new coordinating body as Africa's largest economy moves to formalize oversight of its rapidly expanding digital asset sector, with the Central Bank designated as lead regulator.
Nigeria's currency recorded gains against the euro while facing renewed depreciation pressures in the official market, as Bureau de Change operators report difficulties accessing the Central Bank's official foreign exchange window despite external reserves reaching $48.5 billion.
Nigeria's Federal Inland Revenue Service intensifies collection efforts as official development assistance falls sharply, prompting government to pivot toward domestic revenue mobilization amid fiscal pressures.
New tax regulations clarify that Nigerians living abroad will not face taxation on foreign-earned income remitted home, while introducing double taxation safeguards for expatriate citizens.
Nigeria Sovereign Investment Authority aims to double assets under management to $6 billion while Lagos State positions its proposed Wealth Fund as a model for subnational investment structures.
Nigeria's Finance Minister defends the 2026 budget assumptions before lawmakers as the revenue service chairman admits previous budgets failed due to unrealistic projections, raising questions about fiscal credibility.
Nigeria's Senate has warned it may slash the N58.47 trillion 2026 budget, citing unrealistic revenue assumptions and questionable oil production benchmarks, even as the Tinubu administration grapples with unprecedented oil revenues and fiscal discipline challenges.
The Fiscal Responsibility Commission and Economic and Financial Crimes Commission have formalized a strategic partnership to close enforcement gaps in the Fiscal Responsibility Act 2007, marking a significant step toward enhanced fiscal transparency and accountability.
More than 1,000 contributory pensioners in Osun State and retired civil servants in Edo State have issued urgent appeals to their governors over unpaid pension entitlements, exposing the widening financial distress among Nigeria's elderly population.
Nigeria requires N32.2 billion to stock its 30,000 primary healthcare centers with anti-venom supplies, exposing critical gaps in emergency medical infrastructure as snake bite fatalities persist in underserved areas.
The Financial Reporting Council of Nigeria has deployed a national digital platform designed to transform sustainability reporting, enhance regulatory enforcement, and attract foreign capital through data-driven oversight mechanisms.
The Kenyan government plans to create a separate regulatory authority for non-Sacco cooperatives, with Cabinet Secretary Wycliffe Oparanya citing operational strain on the existing Sacco Societies Regulatory Authority.
Kenya's Capital Markets Authority has extended the deadline for Kenya Pipeline Company's initial public offering after brokers reported just 20 percent uptake by Tuesday, highlighting challenges in the government's privatization agenda.
The Lagos State Government's implementation of new tax regulations has positioned the construction and real estate sectors at a pivotal moment, with industry stakeholders assessing the implications for business operations and investment flows.
Sarah Njoki and Simon Kabu, the estranged couple behind Bonfire Adventures, are embroiled in a bitter financial dispute involving 48 business phone lines and 1.8 billion Kenyan shillings as their personal separation threatens to unravel one of East Africa's most successful travel enterprises.