
States, FCT Collect N2.64 Trillion in PAYE as Tax Take Jumps 40.3%
Nigeria's 36 states and the FCT collected N2.64 trillion in PAYE taxes in 2025, a 40.3% rise, as personal income tax dominated sub-national revenue.
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Nigeria's 36 states and the FCT collected N2.64 trillion in PAYE taxes in 2025, a 40.3% rise, as personal income tax dominated sub-national revenue.

Foreign capital importation into Nigeria rose by more than 83 percent year-on-year in the first quarter of 2026, led by portfolio investments as global investors returned to the country's money and bond markets.

Food inflation slowed sharply in August 2026, offering relief to households, but international agencies warn that conflict and high input costs still leave millions of Nigerians acutely food insecure.

Africa's largest economy posted a record quarterly trade surplus in the second quarter of 2026 as exports outpaced imports, with non-crude receipts now accounting for more than half of outbound trade.