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Economy
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…
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…