Category: Economy

Nigeria’s economy stronger but poverty worsened, IMF warns

The International Monetary Fund said Tuesday that reforms implemented by the Nigerian government had strengthened...

Africa loses billions to corruption, recovers little, Kenyan envoy warns

African countries are losing billions of dollars annually to corruption while recovering only a small...

Foreign exchange reserves rise by $1.22bn in May – CBN

Nigeria’s external reserves rose by about $1.22 billion in May 2026, closing the month at...

Nigeria recorded sharp drop in Q3 fiscal deficit to ₦330bn — Report

Nigeria’s fiscal deficit narrowed significantly to N330 billion in the third quarter of 2025, reflecting...

Tinubu takes bullets to save Nigeria from economic disaster — Onanuga

Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has defended the...

Gold prices crash to two-month low amid US-Iran war

Spot gold has fallen to a two-month low, testing a significant technical floor at its...

Nigeria’s 2025 Q3 expenditure fell 41.57% below target

Nigeria’s total expenditure fell 41.57 per cent below its prorated quarterly budget target to N8.03...

Cash outside banks drops ₦104bn after CBN rate cut

Cash held outside Nigeria’s banking system declined by N104.76 billion between February and April 2026...

Sallah: Economic hardship, fuel cost push sheep prices to ₦1.2m — Report

Economic crunch, rising petrol prices triggered by the Middle East war and insurgency have driven...

BREAKING: Nigeria’s GDP growth slows to 3.89% in Q1 2026

The National Bureau of Statistics said Nigeria’s Gross Domestic Product growth rate slowed to 3.89...

I’ve lost sleep, weight over economic reforms, Tinubu tells Nigerians

President Bola Tinubu, on Sunday, admitted that the economic reforms pursued by his administration have...

Nigeria recorded $480m trade surplus in January 2026 — CBN

Nigeria recorded a $480 million trade surplus in January 2026, driven by a 4.46 per...