Nigeria's current account surplus fell sharply by 26% to $14.04 billion in 2025, driven by declining oil exports and rising imports, as the Central Bank of Nigeria reports ongoing pressures on external accounts.
A new S&P Global report projects African nations will borrow $155 billion in 2026, pushing total sovereign commercial debt above $1.2 trillion, driven by refinancing needs and fiscal demands.
A new report reveals Africa's external debt exceeding $1 trillion is forcing governments to prioritize fossil fuel extraction over health and education, disproportionately impacting women and vulnerable communities.
Global investors at the Africa Capital Forum in London praised Nigeria's economic reforms, noting improved transparency and stability, while urging a shift towards sustainable long-term investments to boost growth.
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The Nigerian Railway Corporation's passenger revenue declined to N1.6 billion in Q4 2025, a 16.3% drop from the previous year, due to reduced passenger numbers, while cargo transport saw a slight increase.
Ogun State introduces the Additional Pension Benefit (APB), a pension reform offering retirees payouts from 116% to 280% of annual emoluments. Governor Abiodun's initiative ensures timely gratuity payments and addresses pension liabilities, praised by lab
The Nigerian naira appreciates by 0.99% in the official market, closing at ₦1,344.42 per dollar. Nigeria's external reserves exceed $50 billion, bolstering confidence in the currency's stability amid rising global oil prices and geopolitical tensions.
Minister Doris Uzoka-Anite asserts Nigeria's growth requires 95% private sector-driven economy. Bagudu outlines $1 trillion GDP target by 2030 through 7% annual growth and National Development Plan coordination.
The Africa Export Import Bank predicts global headline inflation will fall to around 3.8% by late 2026, despite persistent services inflation in advanced economies and ongoing geopolitical risks.
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PAMA President Mansur Ahmed warns that Africa's reliance on raw material exports exposes economies to price volatility and low-margin trade, despite China's new zero-tariff policy for 53 African nations.
The ongoing conflict in Iran has disrupted global oil supply, causing petrol prices in Nigeria to surge by 50%. This article examines the economic impact, local refining challenges, and government inaction amid the crisis.
Geopolitical tensions in the Middle East highlight the vulnerability of African oil-producing nations that export crude but import refined fuel, driving inflation and economic instability across the continent.
Geopolitical tensions in the Middle East are driving oil price volatility, reigniting inflation concerns, and potentially reshaping monetary policy in Nigeria, analysts warn.
Financial leaders and government ministers at the Access Bank Africa Trade Conference called for urgent collaboration to overcome structural barriers hindering commerce across the continent.
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Youth leaders in Nigeria's South-East region have called on President Bola Tinubu to address the escalating cost of living, citing severe hardships from fuel and food price hikes.
A Central Bank of Nigeria survey reveals businesses remain optimistic about the economy, with a Confidence Index of 39.4 points in February 2026, despite facing major hurdles like insecurity, high taxes, and poor power supply.
The Federation Accounts Allocation Committee has not disclosed January 2026 revenue figures, marking a fifth consecutive month of declining federal income, raising constitutional concerns.
The escalating US-Iran conflict has shut down the Strait of Hormuz, spiking global oil prices. Nigeria faces fuel shortages and inflation, highlighting economic vulnerabilities in an interconnected world.
Dele Oye highlights how government failures in diplomacy, trade, and policy are hindering Nigeria's global market competitiveness and denying businesses access to international opportunities.
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The IMF reports that sub-Saharan African governments are increasingly relying on domestic borrowing, reducing foreign exchange risks but introducing new financial vulnerabilities.
The escalating Middle East conflict involving the US, Israel, and Iran is driving up global oil prices, exacerbating Nigeria's inflation, transport, and food costs, and testing the resilience of SMEs and households.
Increased FAAC earnings from oil and subsidy removal provide Nigeria a rare opportunity to replenish depleted fiscal buffers like the Excess Crude Account, amid risks from political spending and debt pressures.
The Nigeria Labour Congress demands refinery operations and wage relief, while the Centre for the Promotion of Private Enterprise calls for strategies to support businesses amid rising energy costs.
The Centre for the Promotion of Private Enterprise warns that rising global energy prices, driven by Middle East tensions, severely threaten Nigerian businesses. It urges efficiency improvements and government reforms to mitigate impacts.
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The Centre for the Promotion of Private Enterprise warns that rising global energy costs, driven by Middle East tensions, severely threaten Nigerian businesses. It urges energy efficiency, diversification, and government reforms to mitigate the crisis.
Nigeria's headline inflation rate fell to 15.06% in February 2026, down from 15.1% in January, as per NBS data. However, food inflation surged month-on-month, with states like Kogi and Bayelsa seeing the highest increases, driven by insecurity and transpo
Taiwo Oyedele has been sworn in as Minister of State for Finance, committing to revenue mobilisation and fiscal sustainability. Meanwhile, Abubakar Bagudu reaffirms Nigeria's $1 trillion economy goal.
Minister Doris Uzoka-Anite emphasizes that 95% of Nigeria's economic growth must be driven by the private sector, with the government contributing 5%, to achieve a $1 trillion economy by 2030.
Nigerian banks, fintech firms, and creative businesses are expanding operations in the UK, creating hundreds of jobs and investing millions. This surge coincides with President Tinubu's state visit, highlighting strengthened economic ties under the UK-Nig
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Temi Popoola, CEO of NGX Group, states Nigeria's capital market is undergoing a re-rating as global investors reassess its economic trajectory, driven by strong returns and policy clarity.
