Category: Economy

Nigeria’s PMI falls to 49.4 as economy contracts in April

Nigeria’s economic activity slipped into contraction in April 2026 as the Purchasing Managers’ Index fell...

FG unveils plan to unlock $74bn livestock economy by 2035

The Minister of Livestock Development, Alhaji Idi Mukhtar Maiha, has outlined a comprehensive roadmap for...

ILO director warns of global labour crisis amid persistent economic shocks

The Director-General of the International Labour Organization, Gilbert Houngbo, has raised the alarm over imminent...

South Africa’s inflation rises to 3.1% as cost pressures persist

South Africa’s headline consumer inflation edged up slightly to 3.1 per cent year-on-year in March...

Cardoso dismisses reserve fluctuations, assures strong buffers

Governor of the Central Bank of Nigeria, Olayemi Cardoso, has dismissed concerns over recent fluctuations...

IMF forecasts Nigeria’s debt ratio drop to 32.3% in 2026

The International Monetary Fund projects Nigeria’s debt-to-GDP ratio will decline to 32.3 per cent in...

IMF slashes Nigeria’s 2026 growth forecast amid global uncertainty

The International Monetary Fund has trimmed Nigeria’s 2026 growth outlook to 4.1 per cent from...

Tinubu’s reforms prevented 120% inflation in Nigeria — NRS boss

The Executive Chairman of the Nigeria Revenue Service, Zacch Adedeji, on Tuesday said inflation in...

Nigeria’s growth to outpace UK, US others by 2027 — IMF

The International Monetary Fund says Nigeria’s economic growth rate will hit 4.3 per cent by...

W’Bank cuts Nigeria’s 2026 growth projection to 4.1% amid oil volatility

The World Bank has downgraded Nigeria’s economic growth projection to an average of 4.1 per...

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...