Economy News

VAT Revenue Rises to ₦2.42 Trillion in Q1 2026 – NBS Reports

By The Insight Team June 12, 2026 96

mostbet mostbet az mostbet mostbet az mostbet mostbet mostbet az mostbet By Emmanuel Kwada Nigeria’s Value Added Tax (VAT) revenue increased to ₦2.42 trillion in the first quarter of 2026, according to the National Bureau of Statistics (NBS), reflecting a 9.98 percent rise from the ₦2.20 trillion recorded in Q4 2025. The latest figures point to sustained momentum in tax collections, driven by stronger inflows across […]Continue Reading

Economy

Half the Month Hungry: Minimum Wage Fails Food Needs

By The Insight Team June 11, 2026 86

The Insight Team Nigeria’s new minimum wage may have offered temporary relief to workers, but fresh data from the National Bureau of Statistics (NBS) suggests that it falls far short of guaranteeing something more fundamental — access to a healthy diet. The NBS’s latest Cost of a Healthy Diet (CoHD) report shows that the average […]Continue Reading

Banking Business Economy

‎Analysis: Why N5.08tn Remains Outside Nigeria’s Banking System

By The Insight Team June 6, 2026 93

By The Insight Team ‎Nigeria’s cash-based economy continues to defy years of financial inclusion campaigns and cashless policy initiatives, with a staggering N5.08tn remaining outside the banking system as of April 2026. ‎ ‎Latest data from the Central Bank of Nigeria shows that out of N5.65tn in currency circulating across the country, only N562.71bn was […]Continue Reading

Economy News Politics

Bola Tinubu: The Man Who Took The Bullet For Nigeria To Survive

By The Insight Team May 29, 2026 104

By Bayo Onanuga With politicking intensifying ahead of the January 2027 election, opposition politicians have escalated their campaign of misinformation and calumny to diminish the impact and achievements of this administration over the last three years. Two years ago, when the administration was struggling to deal with the unintended consequences of its historic reforms, Continue Reading

Economy News

Aig-Imoukhuede Foundation Returns as ICSC 2026 Diamond Partner

By The Insight Team May 22, 2026 177

By Sanni Marvelous The Aig-Imoukhuede Foundation has returned as Diamond Partner for the 2026 International Civil Service Conference (ICSC), reaffirming its commitment to strengthening public sector reforms and service delivery in Nigeria. The conference, convened by the Office of the Head of the Civil Service of the Federation, was held from May 20 to 21 […]Continue Reading

Business Economy News

Data Shows 89% Reject Abrupt Solar Ban; Stakeholders Push 5-Year Local Plan

By The Insight Team April 24, 2026 201

By Emmanuel Kwada Strong public opposition has emerged against any immediate ban on the importation of solar panels, with fresh data revealing that 89% of Nigerians reject an abrupt policy shift, as stakeholders at a high-level media roundtable held from 22–23 April 2026 at K-Class Hotel, Abuja, participants advocated for a gradual, realistic five-year roadmap […]Continue Reading

Business Economy Opinions

Dangote at 69: The Man Building Africa’s Industrial Backbone

By The Insight Team April 10, 2026 224

By Abiodun Alade As Aliko Dangote turns 69, his story demands to be read not as a biography of wealth, but as a case study in Africa’s unfinished industrial argument. For decades, the continent has lived with a structural contradiction. It exports raw materials and imports finished goods. It produces crude oil but imports refined […]Continue Reading

Banking Business Economy News

‎BVN Update: 10 New Rules You Need to Know, Effective May 1

By The Insight Team April 10, 2026 814

By Emmanuel Kwada The Central Bank of Nigeria (CBN) has announced sweeping reforms to the Bank Verification Number (BVN) framework, with 10 key changes set to take effect from May 1, 2026. The measures, aimed at tightening digital banking security and significantly reducing fraud, will directly impact how millions of Nigerians access mobile apps, switch […]Continue Reading

Economy News Politics

Tinubu: Subsidy Removal to Tax Burdens – Billions Borrowed, Limited Relief for Ordinary Nigerians

By The Insight Team April 1, 2026 270

By Emmanuel Kwada More than two years after President Bola Ahmed Tinubu’s administration removed fuel subsidies, secured billions in fresh loans from multilateral lenders, and aggressively widened the tax net, the promised economic turnaround remains elusive for millions of ordinary Nigerians. Instead, a deepening cost-of-living crisis, persistent insecurity, and soaring Continue Reading

Business Economy News

Forbes’ World’s Richest People in 2026

By The Insight Team March 31, 2026 533

by Valentine Fourreau, Mar 11, 2026 ‎Elon Musk (54) has once again been named the world’s richest man in 2026 with an estimated fortune of $839 billion, according to Forbes’ 40th annual billionaires list, released Tuesday. Since last year, the South African-American businessman has added almost $500 billion to his wealth. Musk co-founded multiple companies, […]Continue Reading

Business Economy News Politics

WTO Talks in Yaounde Collapse Over E-commerce Duties.

By The Insight Team March 30, 2026 159

By Emmanuel Kwada High-stakes negotiations at the World Trade Organization’s 14th Ministerial Conference (MC14) in Yaoundé ended without a breakthrough on extending the long-standing moratorium on customs duties for electronic transmissions, delivering a significant setback to efforts to safeguard global digital trade. The moratorium, in place since 1998 and routinely Continue Reading

Business Economy News Politics

‎Power Minister Adelabu Admits Blackout Has Deepened Hardship, Apologises to Nigerians

By The Insight Team March 25, 2026 189

By Emmanuel Kwada ‎Nigeria’s Minister of Power, Chief Adebayo Adelabu, on Tuesday publicly apologised to citizens over the persistent and crippling electricity outages that have plunged large parts of the country into darkness for weeks, admitting that the blackouts have significantly worsened hardship amid the intense dry-season heat. ‎Speaking at a press conference in Continue Reading