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Economy
NESG Appoints Transcorp CEO and Shell Executive to Strengthen Private-Sector…
The Nigerian Economic Summit Group (NESG) has named two leading figures from the energy and corporate sectors to…
FG Raises N1.5 Trillion in 2026 First Bond Auction Amid Strong Investor Demand
The Federal Government of Nigeria raised a total of N1.5 trillion in its first bond auction of 2026, signaling…
NNPC Remittance to FAAC Plunges 86%, Deepening Nigeria’s Oil Revenue Crisis
Nigeria’s oil revenue experienced a dramatic decline in 2025 as the Nigerian National Petroleum Company (NNPC)…
Nigeria Oil Exports to Drop as Bonga FPSO Undergoes Scheduled Maintenance
Nigeria’s oil exports will decline sharply in February as production from the Bonga Floating Production Storage and…
Nigerian Manufacturers Face 21% Surge in Energy and Raw Materials Costs
Eight major Nigerian manufacturing firms spent a combined N1.01 trillion on energy and raw materials in the nine…
FG Disburses N2.45 Trillion to States for Infrastructure and Security Projects
The Federal Government (FG) has disbursed a total of N2.45 trillion to Nigeria’s 36 states and the Federal Capital…
Oil Cash, Foreign Inflows Lift Nigeria’s External Reserves by $66m as Naira Hits…
Nigeria’s external reserves recorded a modest rebound in January, rising by $66 million as stronger oil prices and…
Nigeria Hosts World Bank Talks to Drive Jobs, Investment and Economic Growth
Nigeria is hosting senior World Bank officials this week as part of renewed efforts to accelerate economic growth,…
Nigeria’s N58.4 Trillion Budget Passes Second Reading as Senate Tackles Electoral…
The House of Representatives has passed President Bola Tinubu’s N58.4 trillion 2026 budget through its second…
US Fed Holds Interest Rate at 3.5–3.75% to Stabilize Jobs and Tame Inflation
The United States Federal Reserve has decided to keep its benchmark interest rate steady at 3.5–3.75%, citing the…
FG’s N9tn Surge in Domestic Loans Crowds Out Private Sector Credit in 2025
Nigeria’s Federal Government sharply increased its domestic borrowing in 2025, drawing N9.19tn from financial…
Nigeria Targets $30 Billion Trade with China by 2030 Through Strategic Partnership
Nigeria is setting its sights on a major expansion of trade with China, aiming for a bilateral trade volume of 350…
$21bn Capital Inflows Signal Nigeria’s Post-Oil Economic Turning Point
Nigeria may be entering a long-awaited phase of economic recovery, as fresh data points to a decisive shift away…
Naira Strengthens Below N1,400/$ as Official FX Market Records Fresh Gains
Nigeria’s naira has broken below the N1,400-to-the-dollar threshold on the official foreign exchange market…
AfCFTA SG: How Africa Can Thrive in the New Global Economy
The global economic landscape is undergoing a profound transformation, with rising protectionism and trade barriers…
Nigeria Eyes $400 Billion Commodities Market Through UAE-LCFE Partnership
Nigeria is positioning itself as a key gateway to Africa’s $1 trillion commodities market, aiming to capture $400…
Tinubu Urged to Intervene as Nigeria Commodity Exchange Faces Imminent Collapse
Workers of the Nigeria Commodity Exchange (NCX) have appealed to President Bola Ahmed Tinubu to urgently intervene…
Naira Strengthens to ₦1,400/$ as Weaker US Dollar Lifts Emerging Markets
Nigeria’s naira continued its upward momentum midweek, appreciating to around ₦1,400 per dollar at the official…
Nigeria’s Tax Committee Strengthens Stakeholder Engagement for Smooth…
The National Tax Policy Implementation Committee (NTPIC) has intensified efforts to ensure the effective rollout of…
BUA Cement Expands Sokoto Plant with $240M Investment to Boost Production
BUA Cement Plc has announced a $240 million investment to expand its Sokoto cement plant, introducing a modern…
Erdogan Eyes $5 Billion Nigeria-Türkiye Trade Deal During Tinubu Visit
During Nigerian President Bola Tinubu’s state visit to Türkiye, President Recep Tayyip Erdogan announced that his…
Nigerian Firms Secure $2.5bn in World Bank Contracts, Rank Fifth Globally
Nigerian companies have secured more than $2.5 billion worth of World Bank–financed contracts, placing the country…
Ghana Treasury Bill Auction: Gov’t Raises GH¢12.83bn as 364-Day Rates Hit 13.06%
Ghana’s government successfully raised GH¢12.83 billion in its latest Treasury bill auction, surpassing…
Nigeria’s Debt Crisis Deepens: Budget Deficit Hits N23.85 Trillion Amid Rising…
Nigeria’s public debt burden has escalated dramatically over the past decade, with the budget deficit soaring from…
US Records $1.45 Billion Trade Surplus with Nigeria Amid Export Growth and Tariff…
The United States has reversed last year’s trade deficit with Nigeria, recording a $1.45 billion goods trade…
Tax Reforms Leave Workers Cold as Salary Increases Fall Short
Many Nigerian workers say the much-publicised Personal Income Tax (PIT) reforms have brought little relief to their…
Nigeria’s New Tax Law Tackles Double Taxation and Boosts Digital Economy…
The Federal Government of Nigeria has unveiled new tax measures aimed at curbing double taxation, expanding the tax…
Naira Weakens Across FX Markets Amid Supply Constraints and Demand Pressures
The naira closed last week on a weaker note across Nigeria’s foreign exchange markets, as supply shortages and…
Nigeria’s Exports to Africa Surge 14% in H1 2025, Fuel Leads Trade Growth
Nigeria has recorded a 14% increase in exports to Africa in the first half of 2025, reaching a total of N4.82…
Oil prices hold above Nigeria’s $64.85 budget amid Middle East tensions
Global oil prices remained firm on Monday, trading above Nigeria’s 2026 budget benchmark of $64.85 per barrel, as…