Is Nigeria Rich or Poor? Detailed Analysis
Nigeria is a lower-middle-income country with a GDP per capita of $824, yet 63% of its population experiences multidimensional poverty, creating a wealth paradox.
Category : Economy
North-West Climate Summit Targets Investment, Jobs, Green Growth
The North-West Climate Summit 2026 aims to reposition the region from climate vulnerability to a hub for investment, resilience, and green economic growth.
Naira Falls Again as Banks Quote Higher Dollar Rates
Nigerian naira weakens against dollar amid surging demand and liquidity challenges. Banks adjust rates as FX pressure mounts.
Nigerians Face Higher Cooking Gas Costs as LPG Prices Jump
Nigerians face higher cooking gas costs as LPG prices jump to ₦7,655 for 5kg in March 2026, driven by forex pressures and global energy trends, NBS reports.
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Naira Mixed: Black Market Gains, Official Rate Falls to N1,383/$1
The naira strengthened to N1,390 per dollar in the parallel market but depreciated by N14 to N1,383 at the official NFEM window, narrowing the gap to N7.
World Bank Sees 16% Spike in Commodity Prices This Year
The World Bank forecasts a 16% rise in commodity prices in 2026, driven by Middle East conflict and energy disruptions, impacting global inflation and growth.
Reps Approve $516.3M Loan for Sokoto-Badagry Highway
The House of Representatives approved a $516.3 million loan for the Sokoto-Badagry Superhighway. The National Assembly will adjourn for party primaries ahead of 2027 elections.
Nigeria Seeks Investors at London NCIS, Energy Transition Push
Nigeria scouts for global investors at the inaugural Nigeria Climate Investment Summit in London, focusing on energy transition and carbon markets.
Cartoon: Nigeria's Economic Challenges in 2024
A cartoon commentary on Nigeria's economic struggles in 2024, highlighting inflation, unemployment, and policy impacts on citizens.
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China Shock 2.0: Global Efficiency and the Case for Change
China Shock 2.0 brings high-tech exports, lower prices, and green tech. Despite protectionist fears, it offers a deflationary lifeline for the global middle class.
NNPC Ltd and the Future of Nigeria: A Critical Analysis
An analysis of NNPC Ltd's structural challenges, governance issues, and the path to reform, highlighting the need for institutional performance over optimism.
Women's Empowerment Key to Nigeria's Economic Growth
Minister Abubakar Bagudu says women's empowerment is critical to Nigeria's economic growth, calling for dismantling barriers and boosting productivity.
Ndume Praises Tinubu’s ₦68bn Maiduguri Power Plant Funding
Former Senate Leader Ali Ndume commends President Tinubu for approving ₦68 billion to sustain the Maiduguri Emergency Power Plant, boosting economy and security in Borno.
Reps Approve Tinubu's $516m Loan for Highway
Nigeria's House of Representatives approved President Tinubu's request to borrow $516 million for the Sokoto-Badagry Superhighway, aimed at boosting connectivity and economic growth.
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CBN New Transfer Charges: Sending Above ₦10,000 Costs ₦60
The Central Bank of Nigeria introduces zero fees for transfers below ₦5,000, while higher-value transfers may cost ₦60 due to stamp duty changes.
Over 80% of Women-Owned Businesses in Nigeria Lack Credit Access
The Federal Government reveals that over 80% of women-owned businesses in Nigeria lack access to formal credit, limiting growth. Stakeholders urged to improve capital access.
Man Borrowed N20k, Now Owes N86k After 247 Days
A Nigerian man who borrowed N20k from a loan app laments after seeing his outstanding debt of over N86k after 247 days, sparking mixed reactions online.
Naira Beats African Currencies, Appreciates 6.7% in 2026
The naira tops African currencies in 2026 with 6.7% gain against the dollar, driven by policy reforms and improved forex supply, despite external reserve decline.
12 States with Highest Petrol Prices in Nigeria After Iran War
Anambra tops list at ₦1,441.22 per litre in March 2026, followed by Sokoto and Borno. Regional disparities highlight fuel cost burden on motorists.
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Guardian Cartoon: Nigeria's Economic Struggles
A satirical cartoon highlights Nigeria's economic woes, including inflation, currency devaluation, and the rising cost of living.
Transcorp Power Declares N41.25bn Dividend, Revenue Up
Transcorp Power Plc declared a total dividend of N41.25 billion for 2025 as revenue rose to N398.27 billion, driven by capacity expansion and operational efficiency.
Transcorp Power Declares N41.2bn Dividend for 2025
Transcorp Power Plc declares N41.2 billion dividend for 2025, as shareholders approve results at 13th AGM in Abuja. Revenue rises to N398.27 billion.
FG Targets 10m for Grassroots Poverty Alleviation
The Federal Government aims to lift 10 million citizens out of poverty through the Renewed Hope Ward Development Programme, targeting all 8,809 wards nationwide.
Nigeria's Finance Ministers Since 1999: Academic Backgrounds
Explore the diverse academic backgrounds of Nigeria's finance ministers since 1999, from history to economics, and how they shaped economic policies.
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Abdulsamad Rabiu Overtakes South Africa's Richest in 2026
Abdulsamad Rabiu's net worth soared to $15.9 billion in 2026, outpacing South African billionaires and ranking third in Africa, with a year-to-date gain of $5.78 billion.
Lagos Tops Nigeria's Debt List with N1.22 Trillion
Lagos State is Nigeria's most indebted state, owing N1.22 trillion domestically and $1.17 billion externally as of Q4 2025, per NBS data.
Lagos Tops Nigeria's Most Indebted States with N1.22 Trn Debt
Lagos State leads Nigeria's debt profile with N1.22 trillion domestic and $1.17 billion external debt, according to NBS Q4 2025 report.
Top 10 States With Highest External Debts in Nigeria
Nigeria's external debt rises to $51bn in Q4 2025; Lagos leads states with $1.17bn. See the full list of top 10 indebted states.
FG to Borrow N700bn via Domestic Bond Market
The Debt Management Office plans to raise N700 billion through FGN bonds to finance budget needs, with high coupon rates reflecting inflation expectations.
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FG Launches Poverty Reduction Programme for 10 Million
Nigeria's Minister Abubakar Bagudu announces the Renewed Hope Ward Development Programme targeting all 8,809 wards, aiming to benefit about 10 million Nigerians.
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