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Economy
UAE Reaffirms Long-Term Investment Commitment to Nigeria as Trade Ties Deepen
The United Arab Emirates has reaffirmed its commitment to long-term investments in Nigeria, underscoring the…
FG Releases Just 4.9% of N54.93tn Road Budget as Funding Gaps Threaten Key Highway…
Despite allocating a massive N54.93 trillion for road construction, rehabilitation and maintenance projects between…
West African Trade Ministers Push Regional Industrialisation Drive at ECOWAS…
West African trade and industry leaders have taken a major step toward deepening regional economic integration…
CBN offers N450 billion Treasury Bills for auction on Wednesday, June 17
The Central Bank of Nigeria (Central Bank of Nigeria) is set to conduct a N450 billion Treasury Bills auction on…
Nigeria External Reserves Rise by $1.01bn in Two Weeks, Cross $50bn as Investor…
Nigeria’s external reserves have continued their upward momentum, rising by more than $1.01 billion in just two…
Stablecoin Inflows in Nigeria Dominate Sub-Saharan Africa, IMF Report Reveals…
Nigeria has emerged as a central hub for digital asset movement in Africa, accounting for about 60% of stablecoin…
Foreign Investors Pour $3.3bn Into Nigerian Bonds as High Yields Drive Confidence…
Foreign investors have significantly increased their exposure to Nigeria’s debt market, injecting about $3.23bn…
IMF Says Naira Undervalued by 25.6%, Estimates Fair Exchange Rate at N1,142 per…
The International Monetary Fund (IMF) has revealed that the Nigerian naira remains significantly undervalued…
Dangote Refinery Cuts Petrol Price by N75 Amid Global Oil Price Drop
Dangote Petroleum Refinery has announced a reduction in the gantry price of Premium Motor Spirit (petrol), slashing…
CBN Liquidity Tightening – N3.83 Trillion Withdrawn Shakes Nigeria’s Financial…
Nigeria’s financial system came under pressure last week as the Central Bank of Nigeria intensified its liquidity…
US–Iran Peace Deal Sends Shockwaves Through Global Markets — What It Means for…
Global relief as US–Iran peace deal calms energy markets
A newly announced peace agreement between the United…
U.S. Stock Futures Flat After Dow Record Close on U.S.–Iran Deal; Asian Markets…
U.S. stock futures were mostly unchanged on Tuesday following a strong rally in the previous session that pushed…
Naira strengthens to N1,356/$ amid rising reserves — strongest level since April…
The Nigerian naira recorded a fresh gain on Monday, strengthening to N1,356 per US dollar at the official foreign…
Nigeria Gas Production Hits 7.93bcf/d in May 2026 as Output Strengthens
Nigeria’s natural gas sector recorded a modest but steady growth in May 2026, with average daily production rising…
Nigeria Inflation Rate Climbs to 15.93% in May as Rising Prices Continue to…
Nigeria's inflation rate rose to 15.93% in May 2026, highlighting the continued pressure of rising prices on…
Nigeria’s Corporate Giants Reap Reform Windfall as Cash Flows Surge 247% in Three…
Three years after President Bola Tinubu introduced sweeping economic reforms, Nigeria’s largest listed companies…
Nigeria Overtakes Morocco as Africa’s Second-Largest Stock Market Amid Record…
Nigeria has climbed to become Africa’s second-largest stock market, overtaking Morocco after a remarkable rally…
CBN Liquidity Tightening Sparks Rush into Short-Term Debt as Investors Chase High…
Nigeria’s financial markets are undergoing a sharp recalibration as the Central Bank of Nigeria intensifies its…
Naira Slips Again as FX Liquidity Tightens, Loses N5.08 in a Week
The naira came under renewed pressure this week as weaker dollar supply in the foreign exchange market triggered…
Tinubu @ 3: Nigeria’s Stock Market Surges N130 Trillion Amid Economic Hardship and…
Nigeria’s stock market has delivered one of its most dramatic wealth surges in recent history, rising from about…
US–Iran Peace Deal Could Crash Petrol Price to N900 as Global Oil Market Slumps
The price of petrol in Nigeria may soon see a major relief, with industry operators suggesting that Premium Motor…
Crude Oil Prices Fall After US–Iran Peace Deal Reopens Strait of Hormuz | Global…
Global oil prices fell sharply on Monday while stock markets surged after the United States and Iran announced a…
Nigeria Company Income Tax Falls to N1.37 Trillion in Q1 2026 as Collections…
Nigeria’s Company Income Tax (CIT) collections recorded a notable decline in the first quarter of 2026, as new data…
Nigeria VAT Surges to N2.42 Trillion in Q1 2026 as Economy Strengthens Non-Oil…
Nigeria’s economy recorded a strong boost in non-oil revenue as Value Added Tax (VAT) collections climbed to N2.42…
UK Pledges £15m to Boost Nigeria’s Economy
The United Kingdom has announced a £15 million Growth Programme for Nigeria, a strategic initiative aimed at…
Nigeria VAT Collections Hit N2.42 Trillion in Q1 2026 as Tax Revenue Surges 17%
Nigeria’s Value Added Tax (VAT) revenue has recorded a strong start to 2026, rising to N2.42…
World Bank Cuts Nigeria’s Growth Outlook to 4.1% as Structural Weaknesses Weigh on…
The World Bank has revised Nigeria’s economic growth projection downward to 4.1% for 2026, warning that deep-rooted…
New Nigeria Festival Targets $1 Trillion Economy Ambition with Innovation and…
Nigeria is set to take a bold step toward its long-term economic ambitions with the launch of the New Nigeria…
Nigeria Surpasses OPEC Oil Quota as Crude Production Hits 15-Month High
Nigeria has recorded its strongest crude oil production performance in over a year, surpassing its Organisation of…
Tinubu Not Nigeria’s Biggest Borrower, New Report Says as Debt Debate Intensifies
President Bola Tinubu is not Nigeria’s biggest borrower since Nigeria returned to democratic rule in 1999,…