Nigerian businesses expanding into the UK are set to create hundreds of jobs and invest millions in financial services, fintech, and creative industries, boosting bilateral ties during President Tinubu's state visit.
Dangote Industries has signed a landmark $4.2 billion natural gas supply agreement with China's GCL Group to power Ethiopia's largest fertiliser production facility, marking a major industrial partnership between Africa and China.
Sri Lanka introduces a weekly Wednesday public holiday to reduce fuel consumption and manage economic challenges, with essential services continuing to operate normally.
Discover how European nations like Italy, Switzerland, and Greece are offering cash grants, housing subsidies, and startup funding to attract remote workers and reverse population decline in rural areas.
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The NBS reports Nigeria's food inflation eased to 12.12% year-on-year in February 2026, but Kogi, Adamawa, and Benue recorded the highest increases. Discover the full list of states with rising food costs.
Nigeria's currency appreciated significantly in both official and parallel foreign exchange markets, driven by Central Bank interventions and improved dollar liquidity. The naira closed at ₦1,357.77 per dollar officially while parallel market rates improv
The Centre for the Promotion of Private Enterprise warns that high global energy prices, driven by Middle East tensions, are crippling Nigerian SMEs. CPPE outlines urgent measures for businesses and government to enhance efficiency and adopt renewables.
Nigeria's food inflation increased to 12.12% in February 2026, reversing January's relief. Dealers are adjusting prices for rice, beans, garri, and other staples amid regional disparities, with Kogi recording the highest rate at 26.91%.
Nigeria's headline inflation rate eased marginally to 15.06 percent in February 2026, showing a slight decline from January's 15.10 percent. The National Bureau of Statistics reported significant yearly drops but noted monthly price increases, with food c
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Nigeria's inflation rate decreased to 15.06% in February 2026, with Katsina, Imo, and Ebonyi recording the lowest rates while Kogi had the highest, according to the National Bureau of Statistics.
Discover five African countries whose currencies outperform Nigeria's Naira, including Tunisia, Libya, Botswana, Morocco, and Seychelles, and learn the economic factors behind their strength.
President Bola Tinubu has directed the Renewed Hope Ambassadors to distribute rice nationwide to support citizens observing Ramadan and Lent, promoting unity during fasting seasons.
Nigeria's total trade in Q4 2025 was N36.21 trillion, marking a decline from previous quarters. Crude oil remained the top export, while the country recorded a trade surplus of N1.71 trillion.
Lagos faces a severe housing deficit of 3.396 million units, pushing 9-5 workers to relocate to affordable suburbs in Lagos and Ogun State. Discover key areas like Ikorodu, Epe, and Magboro offering cheaper rents.
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The Nigerian naira appreciated by N27.03 against the US dollar in the official market, closing at N1,366.23/$1, while external reserves crossed $50 billion, boosting forex liquidity and market confidence.
A Nigerian man's attempt to relocate abroad backfired, leaving him with over N10 million in debt. His mother's sacrifice of building funds and jewelry helped him survive the crisis.
The ongoing US-Israel conflict with Iran has triggered a dramatic surge in fuel prices across Africa, with Nigeria paying N1,143 per litre and Malawi facing N4,074. Libya records the lowest price at N34.20.
A Nigerian woman's video detailing her 5-hour daily journey from Ibadan to Lagos for work has gone viral, sparking widespread reactions and highlighting commuting struggles.
A man in the United States went viral on TikTok after dramatically rolling on the ground at a fuel station upon discovering gas prices had doubled from $2 to $4 per gallon in just two weeks.
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The Central Bank of Nigeria disclosed that fuel subsidies and forex distortions cost Nigeria 6% of GDP, with reserves dropping to $800 million before recent reforms reversed the trend.
The Central Bank of Nigeria announces external reserves have exceeded $50 billion for the first time in over 13 years, attributing growth to economic reforms and naira stability.
The Nigerian naira appreciated by 0.34% against the US dollar in the official market, closing at N1,371.51/$1, while also gaining ground against the pound sterling and euro. Analysts attribute the recovery to increased foreign inflows and CBN intervention
A Nigerian man expressed shock after seeing fuel priced at N1,400 per litre at a filling station, sharing a photo that went viral and drew widespread reactions online.
The Lagos State Government urges residents to file personal income tax returns by March 31, 2026, to avoid penalties up to N100,000. Filing is mandatory for all income earners, even if no tax is owed, with a fully digitised process available.
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The Trump administration issues a temporary license allowing countries to purchase Russian oil stranded at sea, aiming to stabilize global supply after Iran's closure of the Strait of Hormuz disrupts energy markets.
A young Nigerian man's video revealing fuel sold at N1,400 per liter at a Lagos filling station sparks widespread reactions online amid global oil market tensions.
A new study shows Nigeria's poverty rate surged to 63% following petrol subsidy removal, with low-income households hardest hit. Experts call for stronger social safety nets.
Former US President Donald Trump minimized concerns about increasing oil prices, stating the United States profits significantly when energy costs rise. He emphasized preventing Iran from obtaining nuclear weapons as his primary focus.
China has tightened export restrictions on refined oil products to shield its economy from Middle East instability, causing global market volatility and raising energy security concerns.
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The Nigerian naira appreciated significantly against the US dollar in the official market, closing at N1,376.19/$, following the Central Bank's resumption of dollar sales. The parallel market remained stable at N1,440/$.
