The Nigerian naira appreciated to ₦1,342.30 per dollar as foreign exchange supply outpaces demand, according to CBN data. External reserves dipped slightly to $48.70 billion while oil prices surged.
Nigeria's construction sector faces severe strain as cement prices surge up to 50% in months, driven by market concentration and limited competition. This crisis threatens housing affordability, infrastructure projects, and economic stability, demanding i
Industry experts express alarm over the federal government's tariff waiver on electric vehicles and buses, warning it could undermine local assembly gains and destabilize Nigeria's automotive sector under the NAIDP.
The Lagos Chamber of Commerce and Industry and the Organised Private Sector express deep concern over Nigeria's rising inflation, driven by food and transport costs, urging government action on energy and supply chains.
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The Nigerian Export Promotion Council announced a historic $6.1 billion non-oil export value for 2025, with 8.02 million metric tonnes shipped to over 120 countries, highlighting efforts to boost compliance with international standards.
Developing countries have launched the first-ever Borrowers' Platform at the IMF-World Bank Spring Meetings, aiming to reshape global finance. The platform, with UNCTAD as secretariat, unites finance ministers to enhance debt management and amplify collec
The IMF warns that rising global food prices and inflation threaten to push over 20 million people in sub-Saharan Africa into hunger, eroding economic gains and deepening household vulnerability.
Nigeria has secured a £746 million loan from the UK to rehabilitate Apapa and Tin Can Island ports, aiming to boost trade, create jobs, and enhance competitiveness in West Africa.
Comprehensive analysis reveals Nigerian professionals earn significantly more abroad long-term due to stronger currencies, structured promotions, and better wealth-building despite higher living costs.
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The House of Representatives has approved a N248.6 billion relief package and a 10-year debt restructuring plan for Kano, Jos, and Ikeja DisCos to stabilize Nigeria's power sector and address legacy debts.
The Nigeria Economic Summit Group recommends urgent reforms to the Tax Act, Petroleum Industry Act, and Electricity Act to enhance Nigeria's business environment and attract investment.
Nigeria's monthly revenue has surged over 400% from N711 billion to N3.635 trillion, driven by tax reforms. A coalition hails the Nigeria Revenue Service for this fiscal transformation while urging sustained transparency and accountability in public spend
Adamawa State Governor Ahmadu Umaru Fintiri calls for a more realistic revenue allocation formula to support states and local governments. RMAFC begins nationwide data verification for an updated system.
The Nigerian naira appreciated against the British pound and euro while remaining flat against the US dollar in official markets. Interbank turnover declined, and external reserves dropped below $49 billion.
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Nigeria's inflation rose to 15.38% in March 2026, with state-level data showing Osun as the most affordable at 5.25%. Regional differences highlight how location impacts living costs across the country.
The Ohanaeze Youth Movement welcomes a court ruling that renews Nigeria's pipeline surveillance contract, calling it a major boost for economic stability and the fight against oil theft.
Nigeria's public debt has surged to N159.28 trillion, with experts warning of funding risks and sustainability concerns as debt service costs consume revenue and fiscal deficits widen.
Nigeria's inflation rate increased to 15.38% in March 2026, driven by global supply chain disruptions from the Israel-U.S.-Iran war, with food inflation at 14.31% and state-level variations highlighting economic pressures.
The International Labour Organisation emphasizes that decent jobs, labor rights, and democratic participation are essential for building resilient economies amid global conflicts and uncertainty.
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Nigeria has secured the sixth position in the 2026 Ataraxis Global Outsourcing Talent Index, driven by strong English proficiency and competitive labor costs. The report highlights Africa's rising dominance in the global outsourcing market.
Nigeria and other developing economies launch a Borrowers' Platform to tackle $11.7 trillion in debt and $920 billion in annual servicing costs, aiming to strengthen negotiation power and debt management.
Finance Minister Wale Edun warns that geopolitical strains, energy market disruptions, and inflation could slow reform momentum in developing countries, urging global financial reforms.
Nigeria's inflation rate increased to 15.38% in March 2026, with ten states recording the highest levels nationwide. The National Bureau of Statistics reported persistent price pressures across food and non-food sectors.
President Bola Tinubu has outlined the reasons for overhauling Nigeria's outdated tax laws, emphasizing that the new reforms aim to boost transparency, attract investment, and drive economic growth while addressing poverty.
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The Presidency has strongly criticized economist Professor Pat Utomi for labeling President Tinubu's economic reforms a 'Ponzi scheme,' accusing him of hypocrisy and citing his past leadership roles at failed institutions.
The Presidency has strongly criticized Professor Pat Utomi, labeling his description of President Tinubu's economic reforms as a 'Ponzi scheme' as hypocritical, citing his past roles in failed ventures like Volkswagen Nigeria and BankPHB.
A Nigerian man's viral video showing a ₦75,480 supermarket receipt for bread, milk, Milo, and custard has ignited a national conversation about the unbearable cost of living and rampant inflation.
President Bola Ahmed Tinubu has announced a bold strategy to convert Nigeria's perennial flood crisis into an economic driver, shifting focus from oil to water resources for national growth and food security.
Nigeria's inflation rate rose to 15.38% in March 2026, with the Consumer Price Index reaching 135.4, up 5.4 points from February. Food inflation also increased to 14.31%, reflecting sustained pressure on household spending amid updated NBS data methodolog
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Nigeria's naira emerges as Africa's second-best-performing currency against the US dollar in 2026, showing resilience amid global economic turbulence despite foreign-exchange reserves hitting lowest levels since mid-February.
