Nigeria's gross external reserves have climbed to $50.45 billion, marking the highest level in 13 years. This significant increase strengthens the country's financial buffer and supports currency stability amid ongoing economic reforms.
The Federal Government of Nigeria has released a comprehensive list of items banned from importation in 2026, targeting food, household goods, and industrial materials to protect domestic industries and enhance self-sufficiency.
Nigeria's federal government introduces a new tax framework targeting artisans and small businesses, banning cash collections and roadblocks to enhance transparency and fairness in revenue system.
Nigeria's naira appreciated by 6.87% in 2025, marking its first annual gain in 13 years due to Central Bank reforms, capital inflows, and improved reserves.
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Dangote Cement, BUA Cement, and Lafarge Africa collectively generated over N6.53 trillion in revenue, with profits soaring 142% as cement prices rose significantly across Nigeria.
Dangote Group has placed a major order for over 1,000 CNG-powered vehicles from China's Foton Motor to enhance its logistics operations with cleaner and more cost-efficient transport solutions.
Zenith Bank's leadership commended Ogun State's infrastructure transformation under Governor Dapo Abiodun and proposed deeper collaboration to boost economic growth through strategic partnerships.
Nigeria has launched the Nigeria Revenue Service, replacing the FIRS with new laws to simplify taxes, enhance digital processes, and foster fairness for small businesses and citizens.
The World Bank projects a severe global employment gap with 1.2 billion young people entering the workforce but only 400 million jobs available, disproportionately affecting Nigeria and Africa.
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Nigeria's naira appreciated by 4.13% in February 2026, defying Central Bank efforts to slow its momentum through strategic dollar purchases. Higher oil prices and improved external reserves bolstered confidence in the currency's outlook.
Geopolitical tensions in the Middle East have disrupted global energy markets, causing petrol prices to surge to N937 per litre in Lagos and N975 in Abuja, with fears of further increases as crude oil exceeds $80 per barrel.
Rising crude oil prices due to US-Israel-Iran tensions are impacting Nigeria's fuel costs. Many Nigerians express relief that Dangote Refinery is operational, reducing dependence on imports amid global market volatility.
Nigeria's non-oil tax revenues show robust growth, with VAT climbing 34% to N6.4 trillion and Company Income Tax rising 48% to N7.72 trillion in the first nine months of 2025, according to NBS data.
Nigeria's naira experienced a sharp decline, trading at N1,384 per dollar despite external reserves nearing $50 billion. The Central Bank of Nigeria released new exchange rate data amid heightened demand for foreign currency.
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The UK government has revised its economic growth forecast for 2026 downward, citing escalating conflict in Iran and Middle East instability as key threats to energy prices and inflation.
Economic analyst Paul Alaje warns that escalating US-Iran-Israel tensions could drive Nigeria's petrol prices to N1,000 per litre, impacting households, businesses, and inflation.
The Nigerian naira weakened significantly to ₦1,378 against the US dollar on Monday as escalating military conflict between the United States and Iran triggered global market uncertainty and increased demand for safer currencies like the dollar.
Dangote Petroleum Refinery increases PMS ex-depot price from ₦774 to ₦875 per litre amid global crude volatility. Diesel sales suspended as market anticipates ₦1,000 benchmark.
Nigeria's net external reserves reached $34.80 billion at the end of 2025, marking the highest level in four years and signaling renewed strength for the naira. Central Bank Governor Olayemi Cardoso credits reforms for improved foreign exchange management
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The Nigerian naira depreciated further against the US dollar in both official and parallel markets, closing at N1,378.02/$1, despite Central Bank efforts to boost supply with $200 million.
The US dollar surged to a five-week high as escalating tensions between the United States and Iran triggered a global flight to safety. The euro fell to its lowest level since 2015, while gold and oil prices rallied amid market volatility.
Central Bank of Nigeria Governor Olayemi Cardoso reveals Nigeria's net foreign exchange reserves reached $34.80 billion in 2025, marking a 50.58% increase from 2024 and a 772.18% surge from 2023 levels.
Energy expert Muda Yusuf analyzes how the US-Israeli conflict with Iran could bring both benefits and challenges to Nigeria's economy, affecting oil revenue, the naira, and fuel prices.
The Katsina State Government has launched a free business registration portal to help entrepreneurs formalize their operations, boost credibility, and access funding opportunities.
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An Indian commentator warns that Iran's recent attacks on Saudi Arabia's oil infrastructure could lead to skyrocketing oil prices, impacting the global economy amid ongoing US-Iran tensions.
Discover the wide range of accounting careers in Nigeria, from chartered accountants to forensic specialists, with insights into salaries, sectors, and professional certifications driving demand.
Lagos residents face a severe housing crisis as rents consume 50-70% of income, forcing many to relocate or struggle with basic needs. Calls for government intervention and reforms grow louder.
The Nigerian naira depreciated by N17 against the US dollar as the Central Bank intervened to narrow the gap between official and parallel market exchange rates. Nigeria's external reserves surpass $50 billion, the highest level in 13 years.
The National Bureau of Statistics reveals a 23.25% year-on-year decrease in cooking gas prices for January 2026, with Jigawa, Abia, and Akwa Ibom as the most expensive states, while Bayelsa, Sokoto, and Katsina offer the cheapest rates.
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Finance Minister Wale Edun announced that nine million of Nigeria's poorest households have received direct cash transfers, with over 12 million Nigerians enrolled through digital ID integration.
