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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 […]

Economy

FG reiterates commitment to MSMEs as economic backbone

The federal government has reiterated its commitment to repositioning Nigeria’s micro, small, and medium enterprises as the bedrock of economic transformation. Vice President Kashim Shettima disclosed this at the 6th Annual Lecture of the Development Bank of Nigeria held in Abuja on Thursday. The vice president, who was represented by the Special Adviser to the […]

Why naira-dollar can't be stable - Minister
Economy

Nigeria needs $100bn annual investment to achieve 2050 goals — Bagudu

Nigeria must attract at least $100 billion in investments annually to meet its ambition of becoming a middle-income country by 2050, according to Minister of Budget and National Planning, Atiku Bagudu. Bagudu made the remark at a one-day policy dialogue on Deepening Legislative-Executive Synergy for Effective Economic Governance in Nigeria, organised by the National Institute […]

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