TOSCAD NEWS NIGERIA

The Nigerian Naira closed the trading week on December 12, 2025, with a marginal appreciation of 0.11%, reaching N1,454.41 against the US dollar in the official market. This weekly gain of N1.65 followed a period of minor volatility, indicating relative stability within the official foreign exchange window. The data underscores a tightly managed official rate with minimal fluctuations, contrasting with potentially wider disparities in parallel market rates. This stability suggests deliberate central bank intervention to control the

The FCCPC has launched an expanded investigation into suspected coordinated price manipulation by domestic airlines on key routes, particularly in the South-East and South-South during the festive season. This action, prompted by widespread consumer complaints, aims to determine if airlines are violating competition laws by exploiting passengers, despite one carrier, Air Peace, seeking a court injunction to block the probe. The Commission clarifies it is not a price control body but is empowered to prevent consumer exploitation and will enforce the law if evidence of anti-competitive

Nigeria’s 2026 tax reforms strategically pivot from a burdensome, multi-tax system to one designed to fuel broad-based economic growth by empowering the informal sector and low-income earners. The core strategy eliminates taxes for the smallest businesses and low-wage workers while cutting the corporate rate, incentivizing formalization to transform micro-enterprises into larger, taxable entities. This overhaul aims to stimulate inclusive development where growth is widely felt, enhance global competitiveness, and stabilize public finances after a period of severe

The Asset Management Corporation of Nigeria (AMCON) has successfully transferred the long-dormant Star Paper Mill to the Abia State Government, a strategic move central to the state’s industrial revival plan. This preserved asset, once a national icon, is projected to generate 3,000–5,000 jobs and significantly boost local supply chains and GDP upon revitalization. The handover exemplifies a critical federal-state partnership to rescue and reactivate strategic national assets. Governor Alex Otti has committed to restoring

The Kaduna State Assembly has concluded its 2026 budget review, using a performance-based assessment of 2025 spending to identify and correct implementation gaps for greater impact. The forthcoming budget prioritizes inclusive development, focusing critical infrastructure on underserved rural communities. Key directives mandate MDAs to ensure efficient fund utilization, immediately prepare project documentation for swift execution, and invest in staff digital training to support the state’s smart-governance transition. This process aims to achieve 70-80% budget performance by the

Bauchi State is leveraging a new online portal to manage a large-scale, transparent recruitment of 5,669 civil servants across 214 roles, following overwhelming public interest. Governor Bala Mohammed is actively engaging stakeholders to prioritize equity and justice over political favoritism in the hiring process. A key insight is the government’s commitment to a phased approach, with plans to consider the remaining applicants from the initial 10,000-target pool in the following year. This initiative represents a strategic move toward modernized

Governor Seyi Makinde attributes Oyo State’s infrastructure and sectoral improvements directly to the dedication of its public workforce, framing them as the essential engine of development. His administration’s core strategy centers on a reciprocal, worker-first policy that prioritizes welfare to fuel broader state progress. This symbiotic relationship is validated by the civil service’s formal recognition of his sustained, labor-friendly governance since 2019. The governor extends this philosophy by urging workers to invest in future generations, positioning human capital development as

Kaduna State has achieved a dramatic security transformation under Governor Uba Sani, shifting from a high-risk region to a model of peace through a strategy of direct community engagement and equipping security forces. This success, recognized by national awards, demonstrates that sustained commitment and collaborative local solutions can effectively combat insecurity. The core, replicable insight is that empowering both communities and security agencies with tools and dialogue builds the trust necessary for stability. Other state authorities are urged to adopt this integrated approach to restore safety

The Lagos State government, in partnership with WaterAid Nigeria, has inaugurated a rehabilitated water facility delivering one million gallons daily, directly addressing critical water access and public health goals. This project establishes a replicable model for sustainable urban water solutions, combining infrastructure with digital kiosks and a new faecal sludge management framework to unlock economic potential. Its success hinges on a shared-responsibility approach, where the government provides the infrastructure but communities must actively protect and maintain these assets. Ultimately, this initiative demonstrates