Lagos-Calabar Highway Section Opens December 2025
Federal Government confirms the first 47km of Lagos-Calabar coastal highway will open to motorists between December 12-17, 2025. Get the latest updates on this transformative infrastructure project.
Category : Economy
Belgium's 3-Day National Strike Over Austerity
Belgium faces major disruptions as unions launch a three-day national strike protesting government spending cuts and labour reforms. Schools, transport, and airports will be severely affected.
FG Tasks Quantity Surveyors on Infrastructure Cost Control
Federal Government charges quantity surveyors to eliminate project wastage and inflated costs through strict cost management and value optimization in national infrastructure delivery.
Security Crisis Undermines Nigeria's Economic Recovery
Nigeria's economic recovery faces severe threats from escalating insecurity, causing capital flight and investor retreat. Learn how violence impacts markets and food security.
Americans Spend Record $1 Trillion Despite Inflation
US holiday spending expected to reach $1 trillion despite inflation concerns. Online sales surge 5.3% as AI transforms shopping habits. Read more about this economic paradox.
Naira weakens to N1,456.72/$ as economy faces pressure
Naira depreciates by 0.98% to N1,456.72/$ amid dollar demand and structural challenges. Nigeria's foreign reserves rise to $44.12 billion despite oil price decline. Learn more about the economic outlook.
Experts Urge FG to Cut MPR for Economic Growth
Economic experts advise the Nigerian government to reduce the Monetary Policy Rate and maintain policy consistency to stimulate investment and boost sustainable growth.
Naira loses N14.29 to dollar as trading week ends low
The Nigerian naira weakened significantly against the US dollar, closing at N1,456.72 despite rising foreign exchange reserves hitting a 7-year high. Get the latest market analysis and exchange rates.
Nigeria: Not a Third World Country, Data Reveals
Discover why Nigeria defies the outdated 'third world' classification. Explore economic data, development indicators, and Nigeria's true global standing in this comprehensive analysis.
G20 South Africa Declaration: Minerals, Debt, Climate
The G20 summit in South Africa endorsed a declaration focusing on critical minerals, climate finance, and debt relief for developing nations. Discover the key outcomes.
COP30 Ends with Watered-Down Climate Deal
UN climate summit in Brazil concludes with diluted agreement on fossil fuels. EU accepts voluntary measures as developing nations demand more climate finance. Read the full analysis.
Funding, not skill, is rail's biggest hurdle - Opeifa
NRC MD Dr. Kayode Opeifa identifies chronic underfunding as the greatest challenge for Nigeria's rail sector, calling for a paradigm shift in government investment.
4 Economic Policies Tinubu Suspended After Backlash
President Tinubu's administration suspended 4 major economic policies following public outcry. Learn about the reversed decisions and their impact on Nigeria's economy.
IMPI: Nigeria's PMI Expansion Cuts Inflation to 16.05%
IMPI reveals Nigeria's PMI expansion for 11 months straight has driven inflation down to 16.05%. Think tank maintains 14% year-end projection and expects MPC rate cut. Read full analysis.
US sanctions hit Lukoil's Bulgaria refinery operations
Bulgaria takes control of Lukoil's Neftochim refinery to avoid US sanctions. Learn how this affects fuel supply in Southeast Europe and the search for new buyers.
Europe's Economy Vulnerable to Shocks: ECB Chief
ECB President Christine Lagarde warns Europe's export model is faltering amid US tariffs and AI competition. Urgent reforms needed to boost resilience.
Naira Recovers Against Dollar as FX Reserves Soar
Naira strengthens against US dollar after recent decline, closing at N1,452.13. Nigeria's foreign reserves hit $46.7 billion, highest in 7 years. Traders expect continued volatility despite positive indicators.
Japan PM Takaichi defends $135bn stimulus package
Japanese Prime Minister Sanae Takaichi insists the $135 billion stimulus is fiscally responsible despite market concerns. Includes energy subsidies and tax cuts to combat inflation.
COP30 Fossil Fuel Showdown After Dramatic Fire
UN climate talks in Brazil reach final day with countries split on fossil fuels after venue fire forced evacuation. Nigeria among nations rejecting phase-out roadmap.
Lagos Raises ₦339bn in Record Bond Issuance
Lagos State makes history with Nigeria's first sub-national green bond, raising ₦339 billion in oversubscribed issuance that demonstrates strong global confidence in state economy.
US Unemployment Climbs to 4.4% Despite Job Growth
US unemployment rate increased to 4.4% in September despite adding 119,000 jobs. Delayed government report reveals mixed economic signals amid Federal Reserve policy decisions.
EU Bans 'Sustainable' Label for Fossil Fuels
The EU moves to stop fossil fuel investments from being labelled 'sustainable'. Learn how this new three-tier system aims to combat greenwashing and protect investors.
N2.94 Trillion Shared by FG, States, LGs in October
FAAC disbursed N2.94 trillion to federal, state, and local governments in October 2025, marking a slight decrease from September. Discover the full revenue breakdown and its implications.
Spanish Court Orders Meta to Pay €479M to Media
A Spanish court has ruled that Meta must pay local media €479 million for unfair competition by violating data rules. This landmark case impacts global media survival.
Naira falls to N1,454/$ despite $46.7bn FX reserves
Naira declines against US dollar despite Nigeria's foreign reserves reaching $46.7bn, a seven-year high. CBN Governor confirms economic improvements amid inflation slowdown. Read more.
Nigeria's Development Status: Facts and Figures
Comprehensive analysis reveals Nigeria remains a developing country with ₦1.2 million GDP per capita despite being Africa's largest economy. Learn key development indicators.
LCCI Raises Alarm Over Nigeria's Rising Food Inflation
LCCI Director General Dr Chinyere Almona expresses concern over Nigeria's persistent food inflation despite cooling headline rates. Urgent government action needed to improve food security.
Memory Chip Crunch to Increase Gadget Prices
Shoppers face higher prices for phones and laptops as AI data centers consume memory chips. Experts warn of significant price increases through 2026. Learn how this affects Nigerian consumers.
Nigeria at Risk of Debt Crisis, Experts Warn
Financial experts warn Nigeria risks another debt crisis without urgent reforms. Learn about the critical measures needed to stabilize the economy and prevent financial distress.
Fed Officials Resist December Rate Cut Amid Pressure
Federal Reserve minutes reveal most officials oppose December rate cut, creating tension with President Trump who wants lower rates. Key economic data remains uncertain.
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