Category: Economy

Nigeria’s inflation to rise 3.1% over oil shock – World Bank

The World Bank has warned that the ongoing surge in global oil prices could directly...

Lagos GDP to hit ₦73.15trn in 2026 — Report

The Lagos Development Update 2026 report has projected significant expansion in the state’s economy, with...

World Bank backs Nigeria’s reforms, pushes state-level project execution

The World Bank has thrown its weight behind what it described as progress in Nigeria’s...

PMI hits 53.2 points as Nigeria’s economy expands in March

Nigeria’s economy strengthened in March 2026, as the composite Purchasing Managers’ Index reached 53.2 points,...

Middle East war triggers major supply shock to global economy — BoE

The Bank of England on Wednesday said the Middle East war had caused “a substantial...

Why Nigeria targets 7% annual GDP growth — Edun

The Minister of Finance and Coordinating Minister of the Economy, Mr Olawale Edun, has said...

53% of Nigerians don’t save — Piggyvest

More than half of Nigerians find it hard to save, as citizens spend 72 per...

Lagos-Calabar coastal road to boost Nigeria’s GDP to $14trn — Experts

Experts have projected that the 750-kilometre Lagos-Calabar Coastal Road could transform Nigeria into a multi-trillion-dollar...

FG launches OHOPRS to lift 50m Nigerians from poverty by 2030

The Minister of Humanitarian Affairs and Poverty Reduction, Dr. Bernard Doro, has inaugurated the “One...

Nigeria’s net domestic credit drops 6.9% to ₦109.4trn

Nigeria’s Net Domestic Credit has dropped by 6.9 per cent Year-on-Year in January 2026 to...

Nigeria’s balance of payment surplus drops 38% to $4.23bn

Nigeria’s external sector faced significant headwinds in 2025, as the country’s overall Balance of Payments...

China’s economy starts 2026 strongly amid US-Israel-Iran war risks

China’s economy kicked off 2026 on a stronger note, with factory output accelerating and gains...