Category: Economy

Subsidy removal pushes Nigeria’s poverty rate to 63% — Report

About 63 per cent of Nigerians fell below the poverty line after the removal of...

Nigeria’s economy strong against Middle Eastern tensions — Cardoso

Central Bank Governor Olayemi Cardoso has assured that Nigeria’s ongoing macroeconomic reforms have fortified the...

Net forex inflow drops 18.3% to $61.29bn in 11 months

Net foreign exchange inflow into the Nigerian economy declined by 18.3 per cent year-on-year to...

Nigeria’s food import bill hits N7.65tn in 2025

Nigeria’s expenditure on imported food and beverage products rose sharply to N7.65 trillion in 2025,...

Invest in children or risk $1tn economy dream, W’Bank warns Nigeria

Nigeria’s ambition to build a $1tn economy by 2050 could be undermined if the country...

BREAKING: CBN slashes interest rate to 26.5%

The Monetary Policy Committee of the Central Bank of Nigeria has reduced the benchmark Monetary...

Nigeria tops Africa stock markets with 34.4% dollar gains

Nigeria is officially the best-performing stock market in Africa right now, riding on the back...

Capital market contribution to GDP jumps to 33%

The Nigerian capital market’s contribution to the nation’s Gross Domestic Product has increased to 33...

Nigeria records $237.51bn net FX inflow in six years

Nigeria recorded a net foreign exchange inflow of $237.51 billion between 2020 and 2025, according...

UK tops Nigeria’s capital inflows with $2.94bn in Q3 2025

The United Kingdom has emerged as the largest source of capital inflows into Nigeria in...

CBN reports slight drop in Nigeria inflation expectations index

Nigeria’s inflation expectations index declined slightly to 41.4 points in January 2026 from 41.7 points...

Stock market gains ₦4.08trn as ASI hits 171,727 points

The Nigerian stock market maintained its upward momentum on a week-on-week basis. Investors recorded gains...