Lagos to Deepen Evidence-Based Planning for 2026 Budget
Lagos State government reaffirms commitment to data-driven budgeting and economic planning to unlock emerging sectors for a resilient and prosperous economy. Learn about the key strategies.
Category : Economy
US Inflation Data Shows Consumer Strain Before Holidays
Fresh US inflation data reveals a 2.8% rise in September, putting pressure on consumers as the festive season peaks. The Fed faces a key rate decision amid mixed economic signals. Read the full analysis.
Tinubu's Wife Gives N200k Grants to 9,500 PWDs
Nigeria's First Lady, Oluremi Tinubu, has empowered 9,500 persons with disabilities with N200,000 business grants each. The initiative, launched on International Day of PWDs, is part of the Renewed Hope Initiative.
Naira Falls as CBN Releases New FX Rate, Gap Widens
The Naira faced fresh pressure on Thursday, depreciating in both official and parallel markets. The Central Bank of Nigeria's new rate shows a widening gap with the black market. Read the full analysis.
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Lagos Named Nigeria's Most Business-Friendly State
Lagos State leads Nigeria's 2025 Subnational Ease of Doing Business ranking with an 85.6% score. Discover the top states and federal MDAs driving reform.
Boris Johnson, Ban Ki-moon, Dangote Attend Imo Summit
Imo State hosts a high-profile Economic Summit with global leaders like Boris Johnson and Aliko Dangote. Dangote announces major fertilizer investment plans. Discover the key outcomes.
German Factory Orders Rise More Than Expected
German industrial orders surged 1.5% in October, far exceeding forecasts. The rise, driven by defence procurement, signals a potential bottom for Europe's largest economy. Read the full analysis.
FG Adopts New Framework to Transform State-Owned Firms
Nigeria's MOFI launches a new governance framework to boost SOE performance, focusing on accountability, dividends, and job creation. Discover how this move aims to reshape the national economy.
Senator Natasha: Nigerian Youths Earn 50 Cents, US Gets $30
Senator Natasha Akpoti-Uduaghan reveals Nigerian content creators earn 50 cents for work fetching $30 in the US. She demands fairness in financial reforms. Read more.
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Lagos Tops 2025 Nigeria Business Environment Rankings
PEBEC's 2025 reports reveal Lagos, Kaduna, and Oyo as Nigeria's top states for business. Discover key reforms and federal agency rankings driving investment climate improvements nationwide.
Nigeria Gets $100m AfDB Loan for Youth Fund
Nigeria's FEC has approved a $100 million AfDB loan for the Youth Investment Fund and a $50m Islamic Bank loan for Yobe agriculture. President Tinubu pushes for 7% growth.
FGN Savings Bonds Offer Up to 13.838% Interest
Nigeria's DMO opens subscription for 2-year and 3-year FGN Savings Bonds with attractive quarterly interest payments. Secure investment backed by the Federal Government. Closes Dec 5.
Imo Hosts Major West African Economic Summit
Imo State hosts the Imo Invest Summit 2025, a major West African economic gathering featuring global leaders like Ban Ki-moon and President Boakai. The event aims to unlock investment in energy, tech, and infrastructure. Read more.
Serbia's Oil Refinery Shutdown Could Cost for Years
Experts warn Serbia faces years of economic fallout, job losses, and budget risks after the shutdown of its only oil refinery due to US sanctions on Russian owners. Read the full analysis.
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Naira Depreciates as FX Gap Between Official, Parallel Markets Widens
Fresh instability hits Nigeria's forex market as the naira weakens on the parallel market, widening the gap with official rates despite rising external reserves. Get the latest data and analysis.
FG, World Bank Commit to Social Protection Expansion
Nigeria and the World Bank pledge to deepen social safety nets and economic opportunities for the vulnerable. New NG-CARES phase to launch in January 2026. Read more.
Trump Rolls Back Biden's Car Mileage Standards
President Trump overturns Biden's fuel-economy rules, claiming it will lower car prices. Critics warn it will worsen climate change and increase fuel costs for drivers.
US Hiring Data Points to Economic Weakness, Rate Cut Expected
Surprise US job losses in November, led by small businesses, signal economic weakness and raise expectations for a Federal Reserve interest rate cut. Get the full analysis.
Trump Rolls Back Biden's Fuel Economy Standards
President Trump revokes tougher CAFE standards, aiming to cut new car costs by $1,000. The move, backed by Big Three CEOs, sparks debate on affordability versus climate goals.
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CrediCorp's New Credit Scheme for Smartphones, Laptops
CrediCorp launches a digital device credit programme to help over 15,000 Nigerians afford smartphones and laptops. Apply now to boost your productivity and join the digital economy.
Indian rupee hits record low past 90 per dollar
India's rupee falls to a historic low beyond 90 against the US dollar, driven by foreign outflows and stalled US trade talks. Analysts see a new market-aligned approach from the central bank. Read more for the full analysis.
Christmas Cash Demand Hits New Highs in Nigeria
Nigerians are scrambling for physical cash ahead of Christmas, driven by fears of ATM downtimes. The CBN tightens oversight as over N4.4 trillion remains outside banks. Read the full analysis.
Contractors Protest N760bn Debt, Disrupt Ministry
Indigenous contractors block the Federal Ministry of Finance in Abuja, demanding payment of N760 billion for completed 2024 projects. The protest disrupts government activities as financial distress deepens.
Africa's Private Wealth Exodus Threatens Development
Experts in Lagos warn that Africa's development is stunted by massive private wealth flowing offshore. Building local Family Offices is key to keeping capital at home. Read more.
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Why Rare Earth Metals Are Crucial for Tech and Energy
Discover how 'rare earth' metals from China power everything from smartphones to fighter jets. As the EU plans to boost production, learn why these elements are a global strategic chip.
San Francisco sues food giants over ultra-processed products
San Francisco files a landmark lawsuit against major food producers like Kellogg and Nestle, alleging they knowingly caused a public health crisis. Read the full details.
Trump Eyes Economic Adviser Hassett for Fed Chair Role
President Donald Trump suggests Kevin Hassett could be his pick for Federal Reserve Chairman. Get the full details on this potential nomination and its implications.
Nigeria's $2.25bn Eurobond Oversubscribed, Signals Investor Confidence
Nigeria raises $2.25bn via a heavily oversubscribed Eurobond, attracting over $13bn in orders. Analysts credit recent fiscal reforms and FX liberalisation for renewed global investor confidence in Africa's largest economy.
GDP Growth at 3.98% in Q3 2025, But Living Costs Still High
Nigeria's economy grew by 3.98% in Q3 2025, reports NBS. However, CPPE warns the cost-of-living crisis remains a major concern for households. Read the full analysis and policy recommendations.
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Contractors Protest ₦500bn Unpaid Contracts at Finance Ministry
Indigenous contractors protest at Nigeria's Finance Ministry over ₦500 billion unpaid debts, accusing the government of reneging on promises. They demand payment to save jobs and businesses.
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