Pascal Oparada
5757 articles published since 29 Nov 2021
5757 articles published since 29 Nov 2021
Nigeria's current account surplus narrows to $3.42bn despite rising crude oil and refined petroleum exports, as remittances provide vital external support.
Nigerian banks introduce a 10% withholding tax on foreign currency deposit interest from January 1, 2026, amidst President Tinubu's tax reforms for a fairer system.
The naira appreciates 6.5% in 2025, led by CBN reforms and improved FX liquidity, yet structural vulnerabilities keep economists cautiously optimistic.
Nigeria's economic recovery strengthened in December 2025, with 32 of 36 subsectors growing, while the naira ended the year weaker despite CBN interventions.
Nigerian fintechs warned customers of a new ₦50 stamp duty on transfers of ₦10,000 and above from January 1, 2026, raising concerns over increased transaction costs.
Federal Government denied plans to monitor bank accounts for tax; small businesses earning below ₦12 million exempt from income tax under new reforms.
Apply for YEIDEP Batch B and receive grants of ₦50,000 to ₦500,000 to support youth entrepreneurship in Nigeria, empowering young innovators and boost inclusion.
In 2025, South Sudanese pound and Ethiopian birr faced severe declines, revealing economic fragility and inflation's impact on everyday life across Africa.
The naira weakens to ₦1,445.68/$ despite CBN's dollar sales, while Nigeria's external reserves rise to $45.45bn, highlighting ongoing currency stability challenges.
Pascal Oparada
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