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…
Economy
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…
World Bank raises Nigeria’s 2026 growth forecast to 4.3%
The World Bank has upgraded its 2026 economic growth forecast for Nigeria to 4.3 per cent, up from the 4.0 per cent…
Corruption is Nigeria’s major obstacle to economic advancement — Tinubu
President Bola Ahmed Tinubu has described corruption as a major obstacle to economic advancement and national development. He said it has weakened…
Subsidy removal, FX reforms are restoring investor confidence — Shettima
Vice President Kashim Shettima has said the removal of petrol subsidy and the reform of the foreign exchange market by President Bola…
Nigeria has the smallest budget among 10 most populous nations — Minister
The Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has said Nigeria operates one of the smallest national budgets among the…