Lagos-Calabar highway could add 2% to GDP — Tinubu
President Bola Tinubu has said the Lagos-Calabar Coastal Highway could add two per cent to Nigeria’s Gross Domestic Product through expanded trade,…
Economy
Nigeria’s export earnings rose 23.7% to $35.64bn in H1
Nigeria’s total export earnings rose by 23.7 per cent year-on-year to $35.64 billion in the first half of 2026. The figure compares…
Nigeria drops to 14th on Africa industrialisation index
Nigeria has dropped from eighth to 14th position on the African Development Bank’s Africa Industrialisation Index, as the Nigeria Economic Summit Group…
Nigeria’s net FX flows rose 5.5% to $22.5bn in Q2
Nigeria’s net foreign exchange flows climbed to $22.50bn in the second quarter of 2026, the highest level since the fourth quarter of…
NEC endorses 90-day economic action plan to cut living costs
The National Economic Council has given its backing to a 90-day economic action plan designed to lower the cost of living, make…
Nigeria’s inflation eases to 14.63% in September, fourth straight decline
Nigeria’s headline inflation rate slowed to 14.63 per cent in September 2026 from 15.39 per cent in August, extending the country’s disinflation…
IMF backs CBN rate cut amid inflation decline
The International Monetary Fund has supported the Central Bank of Nigeria’s decision to cut interest rates, saying the move was right because…
Bank of Uganda raises interest rate to 12% amid currency depreciation
The Bank of Uganda has raised its benchmark interest rate by 225 basis points to 12 per cent, tightening monetary policy in…
Nigeria records world’s largest rise in multidimensional poverty — UNDP
Nigeria recorded the world’s largest increase in the number of people living in multidimensional poverty, with an additional 17.9 million Nigerians falling…
ADC accuses Tinubu administration of worsening economic hardship
The African Democratic Congress has accused the administration of President Bola Tinubu of deepening economic hardship in Nigeria, claiming its policies have…
Fitch revises Nigeria’s outlook to positive, affirms ‘B’ rating
Fitch Ratings has upgraded its outlook on Nigeria’s credit rating to Positive from Stable, while affirming the country’s long-term issuer default ratings…
FG launches poverty reduction plan to lift five million Nigerians
The Federal Government has launched an expanded poverty reduction initiative that targets five million Nigerians over the next four years. In Oyo…