Business

Cheaper cars unlikely in Nigeria despite tariff cut

  • 15th May 2026
US DOJ probes Visa over antitrust issues

Visa unveils AI-powered dispute services for banks, merchants

  • 15th May 2026

IPMAN slams NNPCL over bid to raise Dangote

  • 15th May 2026
has presented its 2024 Regulatory Impact Assessment, a comprehensive review aimed at overhauling existing telecom regulations

Nigerians use 45,800 terabytes of data daily —

  • 14th May 2026

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Cheaper cars unlikely in Nigeria despite tariff cut to

Business

ADC accuses Tinubu of running ‘ponzi economy’ over fresh

Opinion

CBN gains ₦5.63trn from OMO auctions as investors chase

Finance
Inflation in Nigeria continues to rise, reaching an all time high almost 30% in annual terms, attributed to rising food cost and the foreign exchange crises.

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

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Tag: Economy

Economy

Tinubu projects stronger economy, lower inflation in 2026

President Bola Tinubu has declared that 2026 will usher Nigeria into a more robust phase of economic growth, with his administration committed to further reducing inflation, strengthening foreign reserves and sustaining the country’s gross domestic product growth trajectory. In his New Year message to Nigerians on Thursday, the President expressed confidence in the collective resolve […]

Policy and Regulations

FG updates biotechnology policy to compete in global bioeconomy

The National Biotechnology Research and Development Agency has convened a multi-stakeholder review and validation workshop focused on updating and strengthening the National Biotechnology Policy to reposition Nigeria for participation in the global bioeconomy. The two-day workshop is scheduled for Dec. 8 to 9, 2025, in Abuja, and has gathered government officials, researchers, and experts to […]

Economy

S&P Global upgrades Nigeria’s economic outlook to ‘positive’

S&P Global Ratings has revised its outlook on Nigeria from “stable” to “positive,” while simultaneously affirming the country’s long-term and short-term sovereign credit ratings at “B-/B.” According to the international ratings body, this revision reflects increasing confidence in the trajectory of Nigeria’s external, fiscal, economic, and monetary indicators. S&P stated that the positive outlook emphasizes […]

Economy featured

Nigeria’s economy expands 11 month consecutively — Report

Nigeria’s economy expanded for the eleventh consecutive month as the Central Bank of Nigeria Purchasing Managers’ Index rose to 55.4 index points in October 2025 from 54 index points recorded in the previous month. The CBN report indicated that the sectors leading this expansion included industry, services, and agriculture. The report stated: “The composite PMI […]

Only 5% have over N500,000 in their bank accounts — Wale Edun
Economy

Economy rebounding strongly to Tinubu’s reforms, says Edun

The Coordinating Minister of the Economy and Minister of Finance, Wale Edun, has announced that Nigeria’s economy is showing strong signs of recovery following a series of bold reforms introduced by President Bola Tinubu. Speaking with State House correspondents on Thursday after briefing the President on the current state of the economy, Edun confirmed that […]

Nigeria's per capita income to hit pre-COVID level 2025 - W'Bank
Opinion

Workers are ‘suffocating’ under economic hardship — NASU

The President of the Non-Academic Staff Union of Educational and Associated Institutions, Dr. Hassan Makolo, has lamented the unbearable economic hardship facing Nigerian workers, warning that many are “suffocating” under the crushing weight of inflation, fuel price hikes, and the persistent devaluation of the naira. Speaking to Vanguard on the sidelines of the union’s National […]

Nigeria expecting $2.2bn loans from World Bank - Minister
Economy

Worst days are behind Nigeria, economy is stabilizing – Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has assured Nigerians that the country’s economy has turned the corner. He stated this in an opinion released on Sunday titled “Nigeria turning towards prosperity,” reassuring the citizens that the worst days were over. Edun asserted: “Despite some historical shortfalls and present-day challenges, […]

Economy featured

Nigeria’s economy expands to $372.8trn, revenue hits N27.8trn

The Federal Government has announced that Nigeria’s economy expanded to $372.8 trillion in 2024, up from $309.5 trillion in 2023, reflecting stronger fiscal performance and policy impact. Total revenue collection also climbed from N19.9 trillion in 2023 to N25.2 trillion in 2024. Declaring open the 31st Nigerian Economic Summit in Abuja on Monday, Vice President […]

How subsidy removal affects small businesses - ASBON
Economy

Business confidence rises as Nigeria’s economy expands – Report

Nigeria’s business landscape maintained its upward momentum in September 2025, as the Current Business Performance Index climbed to 107.9 points, marking a 0.6-point increase from 107.3 points in August. This is according to the latest NESG–Stanbic IBTC Business Confidence Monitor. The report indicates that businesses have remained in the expansion zone since December 2024, reflecting […]

featured News

Nigeria’s worst is over, Tinubu declares in Independence Day

President Bola Ahmed Tinubu has declared that the worst of Nigeria’s economic challenges is over, citing the results of the painful economic reforms introduced under his administration. In his Independence Day broadcast, Tinubu stated, “I am pleased to report that we have finally turned the corner. The worst is over, I say. “Yesterday’s pains are […]

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