October 20, 2026
Home Posts tagged Taiwo Oyedele
Economy

Nigeria’s Debt Interest Soars 124% Above Revenue as Capital Spending Drops to N700bn

By The Insight Team 88 0
Key Points: FG spent N7.7trn on interest, exceeding N6.2trn revenue by 124% — World Bank. Interest up 37.5%, capital spending down to N700bn — 11 times less. Interest and salaries gulped 74% of FG’s total N16.1trn spending. Nigeria’s debt now N177trn, up from N67trn in 2021.   By Emmanuel Kwada The Federal Government spent N7.7tn […]Continue Reading
Business Economy News Top Story

EXPLAINER: How 7.5% VAT on Bank Transfers, USSD Transactions Starting January 19 Affects You

By The Insight Team 1057
By Emmanuel Kwada Starting Monday, January 19, 2026, if you send money through your mobile banking app, use USSD codes like *737# or *919#, or rely on fintech platforms such as OPay, Kuda, Moniepoint, or Palmpay for daily transfers, bill payments, or small business transactions, you will start seeing extra charge on the service fees […]Continue Reading
Banking Business Economy News Politics Top Story

Nigeria’s New Tax Reality: What You Need to Know

By The Insight Team 730
By Emmanuel Kwada  From January 1, 2026, four new tax reform laws signed by President Bola Tinubu will introduce 50 exemptions, deductions, and reliefs aimed at easing the burden on low- and middle-income earners, small businesses, and vulnerable sectors. The government presents these changes as a pro-poor overhaul of a fragmented system. Critics, however, argue […]Continue Reading
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