President Bola Tinubu recently ushered in a new era for Nigeria’s fiscal landscape by signing four pivotal tax bills into law. These reforms are hailed as essential to the success of his administration’s economic agenda and crucial for the nation’s long-term prosperity. A Harmonized and Efficient Tax System The new legislation aims to streamline and modernize …
The Nigerian government has taken a significant step towards diversifying the country’s economy with the launch of its first National Export Trading Company (NETC). This initiative aims to supercharge non-oil exports, enhance trade infrastructure, and support micro, small, and medium-sized enterprises (MSMEs) in participating in global trade. According to a report by businessday.ng, the NETC …
Nigeria, Africa’s largest economy, presents a dynamic and evolving landscape for entrepreneurs. As we navigate 2025, several states stand out as prime locations for new and expanding businesses, offering unique advantages in terms of market access, infrastructure, government support, and emerging opportunities. This article delves into the top states to consider, along with key factors …
Nigeria’s economy has been on a roller coaster in recent years, marked by ambitious reforms, persistent challenges, and emerging opportunities. As we enter the second half of 2025, businesses operating or looking to invest in Africa’s largest economy need a clear understanding of the macroeconomic landscape. This article delves into the key economic indicators, government …
Nigeria, a nation bursting with vibrant energy and a rapidly expanding youthful population, consistently offers a dynamic landscape for entrepreneurs and investors. As we approach mid-2025, the economic currents are shifting, presenting fresh opportunities for those keen to tap into Africa’s largest economy. At nigeriawide.com, we’re constantly analyzing these trends to bring you the most …
LAGOS, May 31 – Nigeria is poised to make a significant leap in its economic diversification efforts with the imminent commissioning of two major lithium processing plants this year. This strategic move, announced by the country’s Minister of Solid Minerals Development, Dele Alake, signals a pivotal shift from merely exporting raw minerals to adding substantial value …
Abuja, Nigeria – The Federal Ministry of Industry, Trade and Investment, in a pivotal collaboration with the United Nations Development Programme (UNDP) and Uganda Airlines, has officially inaugurated the Nigeria–East/Southern Africa Air Cargo Corridor. This transformative export initiative, operating under the umbrella of the African Continental Free Trade Area (AfCFTA) framework, is set to revolutionize intra-African …
Looking to buy or sell in Nigeria? You’re in the right place! Jiji Nigeria has rapidly become the nation’s premier online marketplace, forging connections between millions of Nigerians seeking fantastic deals and exciting opportunities. Whether your goal is to buy used cars in Nigeria, discover affordable real estate in Lagos, sell your electronics online, or explore a vast array of products …
Strong Growth Signals Success in Economic Diversification In a clear demonstration of Nigeria’s economic resilience and a promising step towards reducing its reliance on crude oil, the nation’s non-oil exports have recorded a significant upswing in the first quarter of 2025. According to the latest data released by the Nigeria Export Promotion Council (NEPC), these exports reached an …
In a landmark move for Africa’s financial sector, the Central Bank of Nigeria (CBN) has approved the official launch of open banking, mandating that banks begin sharing customer data with authorized financial institutions starting in August 2025. This makes Nigeria the first African country to implement open banking, four years after the CBN first introduced …
