Nigeria's naira remains Africa's second-strongest currency against the dollar, but foreign reserves have fallen to $48.94 billion. Analysts warn of heavy costs as inflation eases to 13.4% in March, while geopolitical tensions drive oil prices above $104 p
The Federal Government reduces import tariffs on crude palm oil, rice, and sugar to ease rising food costs and stimulate economic growth, with experts predicting consumer relief.
The Nigerian Naira showed minor fluctuations against the US Dollar on Monday, April 13, 2026, with the official rate opening at N1,358.84 and stabilizing, while parallel market rates ranged from N1,460 to N1,485 in major cities.
The Federal Government has introduced a structured leasing model for motorcycle and tricycle operators nationwide through partnerships with ELRA, CIS, and NATOMORAS. The initiative aims to address exploitative hire purchase arrangements, provide flexible
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The Central Bank of Nigeria has introduced stricter agent banking guidelines effective 2026, including exclusive partnerships, geo-fencing, and new transaction limits to enhance security and reduce fraud.
Nigeria's economy is under pressure as global oil prices rise above $100 per barrel due to geopolitical tensions, threatening higher fuel costs and inflation.
The Nigerian naira strengthened by 1.58% at the official market this week, closing at N1,359.32/$, amid improved foreign exchange liquidity and stable investor sentiment, while the domestic bond market weakened with rising yields.
The Centre for the Promotion of Private Enterprise warns that World Bank recommendations for increased fuel and food imports could undermine Nigeria's economic reforms and domestic production gains.
The Nigerian Economic Summit Group states that ongoing economic reforms will only significantly impact citizens if they drive sustainable growth to six per cent, emphasizing support for agriculture and manufacturing.
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NIDCOM Chairman Abike Dabiri-Erewa assures diaspora investors that Nigeria is conducive for business, highlighting policies under the Renewed Hope Agenda to drive growth and innovation.
The Federal Government is in the final stages of preparing the Medium-Term National Development Plan 2026-2030, aiming to transition Nigeria to an upper-middle-income economy by 2050 through strategic policies and resource leveraging.
With fuel subsidy removed, the Tinubu administration must judiciously use oil revenue from Middle East conflicts to build infrastructure and reduce debt, avoiding past mismanagement pitfalls.
This article analyzes Nigeria's exchange rate unification under Tinubunomics, exploring its mechanics, impact on arbitrage, and challenges in achieving price stability.
The Nigerian Federal Government has announced significant tariff reductions on essential imports including rice, sugar, palm oil, and vehicles under the 2026 Fiscal Policy Measures, potentially lowering consumer prices.
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The Centre for Promotion of Private Enterprise urges Nigeria's government to ignore World Bank recommendations for increased fuel and food imports, warning it would reverse economic gains and undermine domestic production.
The Nigerian naira appreciated against the US dollar in the official foreign exchange market, closing at N1,355.25/$ on Friday, April 10, 2026. This marks its strongest level in recent sessions, with steady gains recorded throughout the week. However, Nig
The Presidential Fiscal Policy and Tax Reforms Committee has dismissed misleading reports that Finance Minister Taiwo Oyedele admitted flaws in Nigeria's new tax laws, clarifying the legislative process is complete and reforms are yielding results.
The Federal Government and Fidelity Bank have launched the Youth Economic Intervention and De-Radicalisation Programme, offering non-repayable grants from N50,000 to N500,000 to Nigerian youth aged 18-50 to combat unemployment and foster entrepreneurship.
The Federal Government has approved tariff reductions on rice, palm oil, and sugar while introducing new excise duties on beverages and tobacco from July 1, 2026, to boost local industries and revenue.
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The Federal Government has approved a major reduction in import tariffs on vehicles from 70% to 40%, effective April 1, 2026. This policy is expected to lower the cost of imported cars, with a 90-day grace period for importers and exemptions under a new G
NBA champion Masai Ujiri's Zaria Group and Kenya Railways have signed a long-term lease to develop a modern indoor arena and entertainment district in Nairobi, expected to create over 25,000 jobs and boost Kenya's economy.
The Federal Government has implemented new 2026 fiscal policy measures, significantly reducing import duties on vehicles, palm oil, sugar, and industrial materials to stimulate economic growth.
Nearly two years after approval, 20 Nigerian states have failed to fully implement the ₦70,000 minimum wage, leaving workers with outdated salaries as NLC threatens nationwide protests.
Lagos State officials emphasize that a stable industrial climate is essential for development, urging union leaders to adopt collaborative approaches in the modern workplace.
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Gilbert Chagoury and his group partner with the federal government on major projects like port upgrades and the Lagos-Calabar Coastal Highway, boosting Nigeria's economy and infrastructure development.
Afreximbank announces support for Dangote Group's expansion to achieve $100 billion annual revenue by 2030, including refinery and fertilizer capacity boosts.
The National Automotive Design and Development Council introduces a mandatory digital registry for car dealers to curb theft, enhance financing, and formalize Nigeria's fragmented automotive market.
The IMF warns that global fuel shortages and economic damage from the Iran conflict will persist, with the Strait of Hormuz bottlenecked and growth forecasts downgraded.
The Nigerian naira strengthened sharply to ₦1,359.32 per dollar, ranking as the 7th best-performing currency globally, driven by improved foreign exchange liquidity from the CBN, despite a dip in foreign reserves below $50 billion.
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A Central Bank of Nigeria survey identifies poor electricity supply and insecurity as the biggest challenges facing businesses, with regional disparities in economic optimism noted.
