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Economy
Nigeria’s 4.07% GDP Growth Strengthens Economic Shield Amid Middle East Oil Crisis
Nigeria’s robust economic performance is positioning the country to withstand potential shocks from rising tensions…
Nigeria Non-Oil Exports Hit N12.36 Trillion in 2025 as Economy Diversifies Beyond…
Nigeria’s non-oil exports reached N12.36 trillion in 2025, marking a significant milestone in the country’s…
Tinubu Meets Taiwo Oyedele to Drive Fiscal and Tax Reforms in Nigeria
President Bola Tinubu yesterday welcomed Taiwo Oyedele, the Minister of State for Finance-designate, at the State…
Why the Naira May Hover Around N1,400: Insights into Nigeria’s Currency Outlook
Nigeria’s Naira has returned to the N1,400 mark, reversing the optimism seen just weeks ago when many believed the…
Manufacturing VAT Surges 54.7% to N875bn in 9 Months as Nigeria’s Industrial…
Nigeria’s manufacturing sector has significantly boosted Value Added Tax (VAT) revenue, with payments reaching…
Nigeria Aims to Surpass $48.3 Billion in Trade Deals at Intra-African Trade Fair…
Nigeria is preparing to host the fifth edition of the Intra-African Trade Fair (IATF) in Lagos from November 5 to…
Market slows as Dangote hikes petrol, diesel to N1,175/N1,620
Nigeria’s petroleum market faced renewed uncertainty on Monday after Dangote Petroleum Refinery increased ex-depot…
CBN to Raise N850 Billion in Treasury Bills Auction on March 11, Boosting Weekly…
The Central Bank of Nigeria (CBN) is set to raise N850 billion through a fresh Treasury Bills (NTBs) auction…
Kenya’s Pension Assets Surge to KSh 2.81 Trillion in 2025 Amid Strong…
Kenya’s retirement benefits sector recorded a remarkable growth in 2025, with total pension assets hitting KSh 2.81…
CBN PMI Hits 56.4 in February, Marking 15 Months of Continuous Economic Expansion
Nigeria’s economic momentum continued in February 2026, with the Central Bank of Nigeria’s (CBN) composite…
Nigeria’s Power Sector Debt: A Case for Accountability Amidst Audit Disputes
Nigeria’s power sector has long been plagued by structural inefficiencies, weak liquidity and persistent…
Nigeria Positions for Stronger AfCFTA Gains with Subnational Export Expansion
The Federal Government has reaffirmed its commitment to delivering tangible results under the African Continental…
FG Introduces New Presumptive Tax Rules to Simplify Compliance for MSMEs
The federal government of Nigeria has introduced new presumptive tax rules aimed at Micro, Small, and Medium…
Manufacturers Optimistic as CBN Interest Rate Cuts Promise Credit Boost Beyond…
Manufacturers in Nigeria are eyeing a rebound in access to bank credit after lending to the sector dropped to N7.09…
Nigerian Pension Funds Hit N28 Trillion as Contributor Base Tops 11 Million
The Nigerian pension fund industry has kicked off 2026 with remarkable growth, reaching a new high of N28.04…
Naira Holds Strong at N1,850/£1 Amid UK Pound Weakness and Rising Local Demand
The Nigerian naira settled at N1,850 per British pound (GBP) in the official foreign exchange market on Wednesday,…
Nigeria to Launch National Single Window Digital Trade Platform on March 27
Nigeria is set to officially launch its National Single Window (NSW) digital trade platform on March 27, a move…
IMF Warns Middle East Conflict Could Trigger Global Economic Shock
The International Monetary Fund (IMF) has issued a stark warning that the ongoing conflict in the Middle East could…
CBN Forex Reforms Boost Reserves and Stabilize Naira Amid Economic Recovery
Nigeria’s Central Bank (CBN) forex reforms have yielded significant results, with the country’s external reserves…
CBN Reforms Push Naira to First Annual Gain in 13 Years
Nigeria’s currency recorded a historic turnaround in 2025 as reforms by the Central Bank of Nigeria (CBN) helped…
Nigerian Crude Oil Surges Past $80 Amid Middle East Tensions – Highest Since 2024
Nigerian crude oil prices have climbed past $80 per barrel, marking the highest levels since mid-2024. The spike…
Nigeria’s Net Reserves Soar to $34.8 Billion in Two Years, Boosting Economic…
Nigeria’s net external reserves have skyrocketed by 772 percent over the past two years, reaching $34.8 billion at…
Nigeria’s Reform Dividend: Experts Predict Economic Growth Surge in 2026
Nigeria is set to reap the benefits of its ongoing reform cycle in 2026, with households and businesses expected to…
Petrol Prices Could Hit ₦1,000/Litre as Dangote Refines Strategy Amid Global Oil…
The price of Premium Motor Spirit (PMS), commonly known as petrol, may soon reach between ₦980 and over ₦1,000 per…
Nigeria’s Net FX Reserves Soar 772% to $34.8 Billion, Signaling Stronger Economic…
Nigeria’s net foreign exchange reserves soared to $34.80 billion at the end of 2025, marking a remarkable 772 per…
CBN Cuts Interest Rate to 26.5% as Disinflation and FX Stability Strengthen…
The Central Bank of Nigeria has reduced its Monetary Policy Rate (MPR) by 50 basis points to 26.5 per cent, marking…
Nigeria Secures $1.3 Billion Alumina Refinery Deal with AFC to Boost Mining Sector
In a major stride for the country’s mining industry, the Federal Government of Nigeria has signed a $1.3 billion…
Nigeria Spends N6.32 Trillion on Domestic Debt in 9 Months Amid Rising Interest…
The Nigerian federal government spent a staggering N6.32 trillion on domestic debt servicing between January and…
Naira Depreciates to N1,368/$ Following CBN’s 304th MPC Meeting
The naira faced a steady decline throughout the week, closing at N1,368/$ in the official market, following the…
Rising Public Debt Clouds CBN Rate Cut Despite Economic Gains
Economic experts say Nigeria’s recent macroeconomic improvements are being tempered by a rising public debt…