This article explores Nigeria's 'Naira-for-Crude' policy, a key pillar of economic reform aimed at reducing dollar dependency for fuel imports. It analyzes the mechanics, risks, and implications of this functional de-dollarisation strategy.
The Centre for the Promotion of Private Enterprise praises Nigeria's 2026 fiscal policy for boosting domestic production but warns import-dependent firms face higher costs and margin pressures.
The Nigerian federal government has expanded import restrictions, banning 17 categories of goods including cement, poultry, pharmaceuticals from non-ECOWAS countries to boost regional trade and protect domestic industries.
New DMO data reveals Lagos and Rivers states lead Nigeria's rising subnational debt, with total domestic debt hitting N4.36 trillion and external debt reaching $51.81 billion in 2025.
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The Nigerian naira depreciated slightly against the US dollar in both official and parallel markets, with declines also noted against the British pound and euro. The Central Bank of Nigeria reassures that external reserves remain strong at $48.70 billion.
The Central Bank of Nigeria reassures that Nigeria's external reserves remain robust, providing a buffer against global volatility and supporting economic stability.
The Federal Government has imposed an import ban on 17 items such as poultry, cement, and pharmaceuticals from non-ECOWAS countries as part of the 2026 Fiscal Policy Measures, with a 90-day grace period for existing agreements.
The Nigerian government has updated its import prohibition list, banning cement, fertiliser, and 15 other items from non-ECOWAS countries effective April 1, 2026, while the World Bank urges reconsideration to boost customs revenue.
Nigeria's public debt has surged to ₦159.27 trillion, equating to roughly ₦724,000 per citizen. This article examines the debt trajectory from 1999 to 2026, analyzing contributions from successive administrations and the economic implications for Nigerian
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Kano residents face higher sachet water prices, with bags now selling for N300-N350 up from N250, as producers cite diesel, raw material, and transportation costs. Household budgets are strained, with consumers cutting back on purchases.
A development economist calls for urgent privatization of Nigeria's Ajaokuta Steel Company, arguing it could unlock $14 billion yearly revenue and create over 70,000 jobs.
The Benue State House of Assembly praised the Benue Investment and Property Company for advancing industrialization, touring key projects and pledging legislative support for economic initiatives.
Nigeria's government has firmly declined a new IMF bailout, emphasizing its reliance on homegrown economic strategies amid global uncertainties. Finance Minister Wale Edun and Ambassador Jimoh Ibrahim highlight reforms' resilience, while economists note c
An exploration of the financial pressures faced by individuals in their 40s, caught between caring for aging parents and supporting children, while advocating for open family money conversations.
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Finance Minister Wale Edun announces Nigeria has no plans to seek new IMF loans after fully repaying its $3.4 billion COVID-19 debt. The government will rely on domestic policy reforms despite rising oil prices and inflationary pressures.
The Federal Government has slashed import duties on fully built vehicles from 70% to 40%, aiming to lower car prices and improve transportation access across Nigeria.
Nigeria's UN Ambassador Jimoh Ibrahim states President Tinubu will not reverse economic reforms, citing short-term pains for long-term growth and linking global stability to Iran tensions.
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
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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.
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.
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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.
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
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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.
