234Compass

Nigeria, explained. 🇳🇬
Money • Business • Tech • What matters.
Know what matters. Understand why.

[234Compass @234compass]

In national planning and strategy, every serious nation must continually ask three fundamental questions: Where are we today?
Where do we want to be?
How do we get from where we are to where we want to be?

#PeterObi #Nigeria

[234Compass @234compass]

Your speech is full of 'we will, we will, we will, we will, we will make farming cheaper, we will power factories, we will create jobs, we will bring down prices.' You have been president for more than three years. -
Former VP and ADC Presidential Candidate, Atiku Abubakar

[234Compass @234compass]

Nigeria's economic outlook has improved undeniably. The economy has grown by over 4%, inflation has fallen, and our foreign reserves.

#Nigeria #234Compass #Tinubu #fypp #independenceday

[234Compass @234compass]

Nigeria @ 66.
Happy Independence Day Nigeria!

#nigeriaat66🇳🇬

[234Compass @234compass]

Dangote is taking the refinery playbook beyond Nigeria.
A planned $16bn refinery in Lamu, Kenya is designed for 700,000 barrels per day — roughly the same scale as Dangote’s refinery in Nigeria.
But the headline capacity is only the beginning.

#Dangote #Kenya #Lamu #Refinery

[234Compass @234compass]

“We will deal with the corruption in fuel subsidy.” - Peter Obi

#PeterObi #NDC #Tinubu #Atiku #subsidy #Nigeria

[234Compass @234compass]

"I enjoyed myself during my vacation and I am ready to kick, ready to work and there is nothing wrong."

President Bola Tinubu arrives Nigeria after after an extended stay in Europe.

#Tinubu #Atiku #PeterObi #Nigeria

[234Compass @234compass]

CBN CUT ITS RATE. WHY ARE BANK LOANS STILL EXPENSIVE?

The CBN reset Nigeria’s benchmark interest rate from 26.5% to 23%, but that does not mean your bank loan immediately becomes 3.5 percentage points cheaper.

#CBN #Nigeria #UNGA81 #news

[234Compass @234compass]

@OmegaXDreams From 1 October 2026, Nigeria is changing how interest on late tax payments is calculated.

https://t.co/OZ5rSuttN7

[234Compass @234compass]

From 1 October 2026, Nigeria is changing how interest on late tax payments is calculated.
For Naira-denominated tax debts, the announced rate will be CBN MPR + 1 percentage point, but it cannot fall below the yield on the 364-day Treasury Bill.
#Nigeria #Tax #Business #Money

[234Compass @234compass]

Nigeria is rewriting its free-zone rules.
The key distinction: market access, customs treatment and tax treatment are not the same thing.
Government is also moving toward a 75% export / 25% domestic-sales framework — but the final operative rules are still being drafted.
#Trade

[234Compass @234compass]

Dangote supplied about 71% of Nigeria’s PMS receipts in August.
Domestic receipts rose to 35.9m litres/day, while imports fell to 14.6m litres/day.
That’s a major shift — but not the end of petrol imports. The next test is whether this supply mix holds.
#Nigeria #Dangote #Petrol

[234Compass @234compass]

Ogun State and DP World signed MoUs for the Gateway Deep Seaport and a 10,000-hectare Blue Marine Special Economic Zone.
The projects are expected to attract over $7bn in initial investment and create 50,000+ direct jobs when fully developed.

Here’s what was actually signed...🧵

[234Compass @234compass]

From 1 October 2026, Nigeria is changing how interest on late tax payments is calculated.
For Naira-denominated tax debts, the announced rate will be CBN MPR + 1 percentage point, but it cannot fall below the yield on the 364-day Treasury Bill.
#Nigeria #Tax #Business #Money

[234Compass @234compass]

NERC says Nigeria’s grid-connected power plants recorded an average 86% load factor in August 2026.
That sounds like the power system was operating at 86% of its full capacity — but that is not what the number means.

#Nigeria #Electricity #Power #NERC #Energy #234Compass