Category: Economy

UK economy unexpectedly shrinks again

Britain’s economy unexpectedly contracted for a second consecutive month in October, according to official data...

Asian stocks rise after US Fed rate cut

Asian equities experienced a rise on Friday as investors reacted to a record-breaking day on...

Nigeria, Russia seek to revive stalled economic cooperation

Russia’s Ambassador to Nigeria, Andrey Podelyshev, has expressed his country’s commitment to reviving economic cooperation...

New tax laws target investment, fiscal stability, FIRS assures

The Federal Inland Revenue Service has stated that Nigeria’s newly enacted tax laws are designed...

United Capital forecasts Nigeria’s inflation rate to decline to 15.48%

United Capital Plc analysts have forecasts that Nigeria’s headline inflation rate will experience a further...

Nigeria’s GDP grows 3.98% in Q3 2025 on stronger oil output

Nigeria’s economy expanded in the third quarter of 2025, extending its annual growth that had...

FATF exit saves Nigeria $30bn, says CBN gov

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, stated that Nigeria’s exit from...

Nigeria’s PMI hits 56.4 as private sector expansion rises

Nigeria’s private sector expansion gained further momentum in November 2025, as the key Purchasing Managers’...

Nigeria, Sierra Leone seal MoUs to boost W’Africa digital economy

Nigeria has enhanced its regional digital cooperation after the Honourable Minister of Communications, Innovation and...

VAT collection hits N4.12tr

Revenue generated through Value Added Tax saw a substantial rise in the first half of...

NLC slams global powers over Africa’s debt, trade imbalance

The Nigeria Labour Congress has criticised major global economic powers, saying Africa remains weighed down...

Households yet to see impact of declining inflation – CPPE

The Centre for the Promotion of Private Enterprise says Nigerian households are yet to feel...