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Economy
Finance, Insurance Sector Growth Slows to 9.29% Despite Recapitalisation
Nigeria’s finance and insurance sector recorded 9.29 per cent real growth in the second quarter of 2026, a sharp…
Oil Prices Rise as Trump Threatens Fresh Strikes on Iran, Raising Global Supply…
Oil prices climbed on Tuesday after U.S. President Donald Trump threatened further military action against Iran,…
Tinubu: Nigeria’s GDP Growth Signals Economic Reforms Are Paying Off
President Bola Tinubu has said Nigeria’s latest GDP growth figures show that his administration’s economic reforms…
Nigeria’s Economy Grows 4.43% in Q2 2026 as Agriculture, Services Drive Expansion
Nigeria’s economy recorded stronger growth in the second quarter of 2026, with real Gross Domestic Product (GDP)…
Tinubu’s Economic Reforms May Take 20 Years to Benefit Nigerians, Economists Warn
Nigerians may have to wait more than a decade before they begin to fully feel the benefits of President Bola…
Nigeria’s July Remittances Hit Record $947m, Near CBN’s $1bn Monthly Target
Nigeria’s July remittances in Nigeria surged to a record $947 million, bringing the country closer to the Central…
Nigeria’s Diaspora Remittances Hit Record $947m in July, Near $1bn CBN Target
Nigeria’s diaspora remittances through International Money Transfer Operators (IMTOs) climbed to a record $947…
Nigeria Targets Emerging Market Status After FTSE Russell Upgrade
The Federal Government is setting its sights beyond Nigeria’s return to the FTSE Russell Frontier Market Index,…
Nigeria’s FX Utilisation Hits $16.2bn in Q1, Jumps 74% as Dollar Supply Improves
Nigeria’s foreign exchange utilisation surged to $16.2bn in the first quarter of 2026, marking a 74 per cent…
Pension Inflows Rise 42% to N147m, But 200,505 Accounts Remain Dormant
Pension inflows in Nigeria recorded a strong increase in the first quarter of 2026, with quarterly contributions…
FG Opens 2027 Finance Bill to Nigerians’ Input, Sets September 11 Deadline
The Federal Government has opened the floor to Nigerians, businesses and other stakeholders to submit ideas that…
Rwanda Secures First Yen-Denominated Loan Worth $190 Million
Rwanda has secured a $190 million World Bank Group-backed loan, marking the country’s first-ever borrowing in…
FG Renews Partnership With Taraba as State Unveils New Plan for Agriculture,…
The Federal Government has renewed its partnership with Taraba State as the state government unveiled a new…
Nigeria’s Foreign Reserves Hit $53.11bn, Highest Level in 17 Years
Nigeria’s foreign reserves have climbed to $53.11 billion, reaching their highest level in more than 17 years,…
Nigeria’s External Reserves Hit $53.11bn, Near 17-Year Record
Nigeria’s external reserves have climbed to $53.11bn, reaching their highest level in more than 17 years and moving…
PenCom: 91.4% of Nigeria’s Personal Pension Accounts Remain Unfunded
A large majority of Nigeria’s Personal Pension Plan (PPP) accounts are still sitting without contributions,…
Nigeria, Thailand Deepen Push for Agriculture and Technology Partnerships
Nigeria and Thailand are moving to strengthen their bilateral relationship, with agriculture, technology, renewable…
Tinubu Backs $3.1bn AfCFTA Customs Modernisation Project to Boost African Trade
President Bola Ahmed Tinubu has thrown his weight behind the $3.1 billion AfCFTA Customs Modernisation Project,…
FG Targets 8,000MW Electricity Supply by 2027 as Nigeria Deepens Power Reforms
The Federal Government has set an ambitious target of 8,000 megawatts (MW) of electricity generation and…
Nigeria’s Manufacturing Sector Still Stuck Below 10% of GDP After a Decade of…
Nigeria’s manufacturing sector is struggling to break through a ceiling that has persisted for years. Despite…
Despite Cashless Policy, Nigeria’s Currency in Circulation Hits N5.73 Trillion as…
Nigeria’s currency in circulation has jumped 72.4% in five years to N5.73 trillion, highlighting a surprising trend…
FG Disburses N600bn to 10 Million Households in Cash Transfer Programme
The Federal Government has disclosed that more than N600 billion has been disbursed to over 10 million households…
Nigeria’s Foreign Reserves Cross $53 Billion, Hit Highest Level Since 2009
Nigeria’s foreign reserves have climbed above $53 billion for the first time in more than 17 years, reaching $53.11…
IMF Warns Excessive Regulation, Weak Institutions Could Slow G20 Growth
The International Monetary Fund (IMF) has warned that excessive regulation and weak institutions could hold back…
FG Raises N7.62tn Through Domestic Bond Market in Eight Months
The Federal Government has raised N7.62tn from the domestic bond market between January and August 2026,…
Nigeria’s FX Reserves Surge 15% to $52.66bn, Beat CBN’s 2026 Forecast
Nigeria’s foreign exchange reserves have climbed to $52.66 billion, marking a 15.6 percent increase in less than…
IMF Urges Nigeria to Deepen Fiscal, Monetary and Governance Reforms
The International Monetary Fund (IMF) has urged Nigeria and other major African economies to intensify fiscal,…
FG Spends N6.47tn on Infrastructure as Lagos-Calabar Highway Takes Lion’s Share
The Federal Government spent N6.47tn on strategic infrastructure projects between June 2023 and December 2025, with…
Tinubu Leads Africa’s Push to Turn Mineral Wealth Into Industrial Power
President Bola Tinubu is set to lead a major African push to gain greater control over the continent’s mineral…
FEC okays double taxation treaties with Ghana, Tanzania, Switzerland
The Federal Executive Council (FEC) has approved the signing of Double Taxation Avoidance Agreements between…