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…
Economy
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…
Tinubu stabilising economy, Nigeria in safe hands — Okpebholo
Edo State Governor, Monday Okpebholo, has thrown his weight behind President Bola Tinubu’s administration, expressing confidence that the economic reforms currently being…
CBN may hold rate cut amid rising crude, fuel prices — United Capital
The Central Bank of Nigeria may delay a reduction in its Monetary Policy Rate, as rising prices of crude oil and Premium…
Why Nigerians should care about rising foreign reserves
For many Nigerians, the phrase “foreign reserves” sounds like something reserved for economists in air-conditioned offices in Abuja. But behind the technical…
Civil servants demand ₦500 fuel price, wage award from Tinubu
Civil servants under the Joint National Public Service Negotiating Council Trade Union Side, have written to President Bola Ahmed Tinubu, demanding urgent…
Domestic assets surge as Nigeria’s foreign assets weaken
Nigeria’s Net Domestic Assets climbed by 27.1 per cent year-on-year to N101.006 trillion in July 2026, up from N79.496 trillion recorded in…
NLC demands wage awards to cushion rising petrol prices
The Nigeria Labour Congress has called on the Federal Government to approve wage awards for workers to cushion the impact of rising…
Lagos ports handled 84.6% of Nigeria’s Q2 trade — NBS
Lagos ports handled an estimated N35.07 trillion, representing 84.6 per cent of Nigeria’s total merchandise trade of N41.44 trillion in the second…
Fitch warns Nigeria’s $5bn swap deal carries major debt risks
Fitch Ratings has warned that Nigeria’s proposed $5 billion Total Return Swap could expose the country to significant debt management, liquidity and…