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Economy
African Families Struggle as Cost of Living Soars: Only 1 in 10 Nigerians Earn…
Across Africa, families are feeling the squeeze as the cost of living climbs, leaving households financially…
Nigeria’s Capital Importation Soars to $21 Billion in 10 Months of 2025, Signaling…
Nigeria witnessed a significant surge in capital inflows, recording approximately $21 billion in the first 10…
Nigeria Revenue Service Sets Ambitious N40.7 Trillion Target After N28.3 Trillion…
The Nigeria Revenue Service (NRS) has announced a record-breaking revenue collection of N28.3 trillion in 2025,…
NEC Calls for Unity and Delivery-Focused Reforms in Nigeria’s $1 Trillion Economy…
Nigeria’s drive to become a $1 trillion economy took center stage yesterday as the National Economic Council (NEC)…
SEC Urges Nigerian Civil Servants to Invest in Capital Market for Wealth and…
Nigeria’s Securities and Exchange Commission (SEC) has called on civil servants to actively engage in the capital…
Nigeria Records $10.83bn Trade Surplus in 2025 Amid Rising Exports
Nigeria achieved a trade surplus of $10.83 billion in the first nine months of 2025, as exports of $44.06 billion…
World Bank Warns of Digital Job Risks Amid Weak Regulation in Developing Countries
The World Bank has issued a cautionary note about the rising trend of digital jobs, highlighting both the…
Nigeria Must Reduce Debt Reliance, Says Wale Edun, Urges Stronger Domestic Revenue…
Nigeria must reduce its dependence on borrowing and build a stronger domestic revenue base to secure long-term…
CBN Approves $150,000 Weekly FX Sales to BDCs to Boost Naira Stability
The Central Bank of Nigeria (CBN) has approved the participation of licensed Bureau De Change (BDC) operators in…
Nigeria to Deploy 22 New Cargo Scanners by Q3 2026 to Boost Trade Modernisation
Nigeria’s trade modernisation drive is set to gain fresh momentum as the Trade Modernisation Project (TMP) Limited…
Nigeria’s Economic Growth Slows Amid Weak Industrialisation and Job Deficit,…
Nigeria’s economic growth is facing significant headwinds as weak industrialisation, limited investment, and…
NCDMB Champions Africa-Wide Collaboration to Boost Oil and Gas Growth
The Nigerian Content Development and Monitoring Board (NCDMB) has called for stronger Africa-wide collaboration to…
Nigeria’s Economic Stability at Risk: CBN Warns of Excess Liquidity and 2027…
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has raised concerns over the potential impact of excess cash…
Wale Edun Calls for Global Economic Reset to Empower Emerging Markets
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called for a comprehensive…
Nigeria’s 2026 Budget: N4.23 Trillion Allocated to 50 Key Capital Projects
Nigeria’s proposed 2026 federal budget outlines a bold plan to allocate N4.23 trillion to roughly 50 major capital…
World Bank Cuts CBN Grant to $6.8m, Approval Set for March
The World Bank has reduced a proposed grant to the Central Bank of Nigeria (CBN) from $10.50m to $6.80m, with board…
How Nigeria Can Turn Gas into Power and Economic Growth – Experts Outline Path
As Nigeria observes Gas Day at NIES 2026, energy regulators and government officials are calling for decisive…
FG and IFC Partner to Boost Bankable Infrastructure and Attract Private Investment…
The Federal Government (FG) of Nigeria has signed a landmark cooperation agreement with the International Finance…
Trust Deficit Threatens Nigeria Tax Reform as Citizens Link Compliance to Service…
A growing trust deficit is threatening the success of Nigeria’s latest tax reform, as citizens increasingly link…
Nigeria’s Business Confidence Slumps in January Amid Rising Costs and Weak…
Nigeria’s business environment faced mounting challenges in January 2026, as rising operational costs and weakening…
2026 Budgets: Lagos Tops As States’ Spending Jumps 45% To N37 Trillion
Nigeria’s 2026 budget cycle is shaping up to be one of the most ambitious in recent years, as proposed spending by…
Cybersecurity: The Key Driver of Nigeria’s Digital Economy and Innovation
Experts in information technology have underscored that cybersecurity is vital for Nigeria’s economic growth and…
FG and IFC Partner to Attract Private Investment for Nigeria’s Infrastructure…
The Federal Government of Nigeria has taken a major step to accelerate infrastructure development by signing a…
CBN PMI Hits 55.7 in January 2026, Marking 14 Months of Economic Expansion
Nigeria’s economy maintained a strong growth trajectory in January 2026, with the Central Bank of Nigeria’s (CBN)…
Nigeria PMI Falls Below 50 in January as New Orders Stall
Nigeria’s private sector started 2026 on a cautious note, with the latest Stanbic IBTC Bank Nigeria Purchasing…
CBN Reforms and Rising Oil Prices Boost Nigeria’s FX Outlook
Nigeria’s foreign exchange environment is showing signs of a sustained recovery as reforms by the Central Bank of…
11 Million New Contributors Drive N4.5trn Pension Growth as Assets Hit N27.45trn
Nigeria’s pension industry recorded one of its strongest performances in 2025, with assets under management rising…
Tinubu Pledges Continuation of Nigeria Economic Reforms as World Bank Applauds…
President Bola Ahmed Tinubu has reiterated that there is “no turning back” on Nigeria’s economic reform agenda,…
New Tax Reforms Set to Boost Nigeria’s Global GDP Share, Says Abdullahi Hashim
Nigeria’s recent tax reforms are positioning the country as a rising contributor to the global economy, with the…
Nigeria Targets 7% Economic Growth by 2028 Through Structural Reforms, Says…
Nigeria is positioning itself for stronger economic growth, with the Federal Government targeting a 7% expansion of…