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Economy
Nigeria Crude Oil Production Hits N41.7tn in Six Months as Output Shows Strong…
Nigeria earned an estimated N41.74 trillion from crude oil and condensate production in the first six months of…
Nigeria Net FX Reserves Surge Over 1,200% as CBN Reforms Boost Investor Confidence
Nigeria’s net foreign exchange (FX) reserves have recorded a remarkable increase of more than 1,200 percent, rising…
CBN Launches Digital FX Tracker, Tightens Rules for BDC Dollar Purchases Through…
The Central Bank of Nigeria (CBN) has unveiled a new digital platform designed to monitor foreign exchange…
World Bank: 79% of Nigerians Still Face Poverty Despite Economic Reforms
Despite nearly three years of major economic reforms by the Federal Government, the World Bank has revealed that…
Nigeria Tax Revenue Jumps to N21.6 Trillion in H1 2026 as Economic Reforms Deliver…
Nigeria’s tax revenue recorded a remarkable boost in the first half of 2026, reaching N21.6 trillion and marking a…
CBN Rate Hike Looms as Pre-Election Spending Raises Inflation Concerns
Nigeria’s financial markets could face a significant shift in the coming months as experts warn that the Central…
Tinubu Says Economic Reforms Are Driving Nigeria’s Steady Growth as Deloitte Backs…
President Bola Tinubu has expressed confidence that Nigeria’s economy is on a path of steady growth, stating that…
US Inflation Eases in June as Energy Prices Fall, but Fresh Middle East Tensions…
The United States recorded a welcome slowdown in inflation during June 2026, driven largely by a sharp decline in…
FG inaugurates advisory committee to drive economic reforms
The Federal Government has taken another significant step in its economic reform agenda with the inauguration of a…
Nigeria Foreign Reserves Surge to $51.86 Billion, Highest Level Since 2009 as…
Nigeria’s foreign reserves have reached an impressive $51.86 billion, marking the highest level recorded in more…
FTSE Russell Delays Nigeria Frontier Market Reclassification Amid T+1 Settlement…
Nigeria’s hopes of reclaiming its position in the global Frontier Market Index have hit a temporary roadblock after…
CBN Signals High Interest Rates May Persist as Reform Gains Boost Investor…
The Central Bank of Nigeria (CBN) has indicated that high interest rates could remain in place for longer as…
Nigeria, Hong Kong Sign Double Taxation Agreement to Boost Trade and Investment
Nigeria and the Hong Kong Special Administrative Region of the People’s Republic of China have officially signed a…
US June Inflation Cools to 3.5% as Energy Dropped, But Middle East War Threatens…
American consumers caught a rare break last month as US June inflation cooled faster than anyone expected. Fresh…
Dangote’s Dollar Fuel Pricing Sparks Fresh Pressure on Naira and Pump Prices
Nigeria’s downstream petroleum sector is facing fresh uncertainty following Dangote Petroleum Refinery’s decision…
Tinubu Urges Afreximbank to Fast-Track Africa’s Industrialisation and Economic…
President Bola Ahmed Tinubu has called on the African Export-Import Bank (Afreximbank) to play a more active role…
Majority of U.S. workers support an AI wealth fund as tech layoffs surge, survey…
The tech world is living through a bizarre paradox. On one hand, silicon giants are boasting record-breaking…
Nigeria FX Market Turnover Drops 46.57% to $1.63 Billion as Trading Activity Slows
Nigeria’s FX market turnover recorded its steepest weekly decline of 2026, falling by 46.57% to $1.63 billion in…
Manufacturing Sector Struggles Despite N1.17 Trillion VAT Contribution as Industry…
Nigeria's manufacturing sector generated an impressive N1.17 trillion in Value Added Tax (VAT) revenue in 2025,…
AS US, Iran Resume Hostilities over Strait of Hormuz, Dangote to Now Sell Fuel in…
The fragile peace in the Middle East has shattered once again. A fresh wave of military strikes between the United…
Nigeria’s Stock Overtakes South Korea As World’s Best-Performing
Nigeria’s stock market has climbed to the top of the global rankings, emerging as the world’s best-performing…
Nasdaq Futures Climb as Chip Stocks Rally Despite Rising U.S.-Iran Tensions
Wall Street showed signs of resilience on Thursday as Nasdaq futures advanced, driven by strong gains in…
IMF Maintains Nigeria’s 4.1% Growth Forecast for 2026 Amid Global Uncertainty and…
Nigeria’s economic outlook has received a vote of confidence from the International Monetary Fund (IMF), which has…
IMF Warns Rising Food Prices Could Deepen Poverty in Nigeria Despite Stronger…
The International Monetary Fund (IMF) has retained its forecast that Nigeria's economy will grow by 4.1 percent in…
Tinubu Tasks Afreximbank To Drive Africa’s Industrialisation
President Bola Ahmed Tinubu has challenged the African Export-Import Bank (Afreximbank) to take a leading role in…
EBRD Picks Nigeria as West Africa Growth Hub in Major Expansion Drive
The European Bank for Reconstruction and Development (EBRD) has placed Nigeria at the heart of its ambitious…
Nigeria’s FX Market Hits Three-Month High as Turnover Climbs to $3.05 Billion
Nigeria’s foreign exchange market has kicked off the third quarter of 2026 on a strong note, recording its highest…
FG Seeks Community Backing for Dangote Industrial City and Africa’s Largest Deep…
The Federal Government has appealed to residents and stakeholders in Ogun and Ondo states to fully support the…
NOG Energy Week, Microfinance Bank Liquidation Lead Major Business Developments…
Nigeria’s business landscape is set for another eventful week as key developments across the energy, banking, and…