Category: Economy

Nigeria’s inflation may rise again after April’s 15.95% surge — Report

Nigeria’s inflation rate may increase for the second consecutive month, reaching 15.95 per cent in...

Nigeria’s inflation rose to 16.42% in April

Nigeria’s headline inflation is forecast to rise to 16.42 per cent year-on-year in April 2026,...

FG rules out fuel subsidy return, backs market pricing policy

The federal government has ruled out any return to fuel subsidies or the introduction of...

Bagudu outlines plan for Nigeria’s $1trn economy by 2030

The Federal Government has reaffirmed its commitment to building an inclusive, sustainable, and innovation-driven 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...