The Trade Union Congress has urged the Nigerian government to use excess crude revenue to subsidize local refineries, warning that petrol prices are nearing ₦2,000 per litre and workers cannot afford transportation costs.
The World Bank has removed its latest Nigeria Development Update report from its website just three days after publication, with no official explanation provided for the sudden deletion.
The Nigerian naira has surged 13.5% against the US dollar, ranking seventh globally in currency performance, driven by improved FX management and capital inflows.
GIG Mobility announces plans to integrate Nigeria's fragmented mobility and logistics sector through a unified platform, aiming to streamline travel and logistics services for improved efficiency and economic growth.
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A new World Bank report reveals Nigeria's poverty rate rose to 63% in 2025, affecting 140 million people, despite declining inflation. The bank warns slow income growth and agricultural sector lag are worsening living conditions.
The World Bank reveals Nigeria's poverty rate increased to 63% in 2025, affecting 150 million people, despite lower inflation. Structural issues like weak agriculture and global conflicts hinder progress.
Under President Tinubu's administration, Nigerians face aggressive hikes in fees for passports, licenses, and cargo, with experts warning of unsustainable governance and exclusion of the vulnerable.
The World Bank has revised Nigeria's 2026 economic growth projection downward to 4.1%, citing structural constraints, security concerns, and policy uncertainty ahead of the 2027 elections.
World's billionaires gained $265 billion in a single day amid US-Iran ceasefire optimism. Mark Zuckerberg led with a $12.8 billion increase as Meta shares surged 6.5%, overtaking Elon Musk's gains.
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Under the Tinubu administration, Nigerians face steep hikes in fees for passports, licenses, and cargo, with experts warning of unsustainable governance and exclusion of the poor.
President Tinubu's economic reforms have boosted revenues, but structural issues in public financial management cause leakages. Experts propose three key changes to enhance accountability and service delivery in Nigeria.
The World Bank has warned Nigeria that without urgent action to reopen the petrol import market and ease trade restrictions, the country faces a renewed surge in inflation due to tightening supply and rising global oil prices.
The Trade Union Congress urges the Federal Government to slash pump prices, using excess crude revenue to subsidize refineries, as Middle East conflict drives costs to N1,500.
A comprehensive analysis of petrol prices across 13 West African nations in April 2026 reveals dramatic disparities, with Sierra Leone recording the highest costs while Niger and Nigeria maintain the lowest rates, significantly impacting regional economie
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The Federal Government has partnered with CIS and NATOMORAS to introduce a structured leasing framework for motorcycle and tricycle operators, aiming to eliminate exploitative hire purchase arrangements and enhance financial inclusion.
A Lagos-based e-hailing driver shares a detailed cost breakdown showing how advertised earnings of N60,000-N100,000 daily often shrink to just N3,000-N5,000 profit after fuel, commissions, and personal expenses.
Iran faces severe economic hardship with inflation surging past 50%, sharp price increases for essentials, widespread job losses, and a collapsing currency following recent conflict and sanctions.
Venezuela's interim president Delcy Rodriguez announced a wage hike effective May 1st, addressing workers suffering from hyperinflation and economic collapse.
Dangote Petroleum Refinery has reduced its ex-depot diesel price to N1,750 per litre, a N200 drop from N1,950. The adjustment follows the resumption of loading operations and comes amid global oil market volatility.
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The Nigerian naira appreciated by N15 to close at N1,371.82 per dollar in the official market, even as foreign reserves fell by $1.08 billion amid global tensions. Analysts link the decline to reduced inflows, while the IMF urges stronger buffers.
The Nigeria Sovereign Investment Authority, under CEO Aminu Umar-Sadiq, advances climate resilience and inclusive growth through strategic investments, including GCF accreditation and renewable energy projects.
The World Bank's 2026 report highlights Nigeria's early childhood development crisis, linking poor health and education outcomes to long-term economic stagnation, despite moderate growth and fiscal reforms.
An in-depth analysis of the Nigeria-UK Ports MoU reveals that its success hinges on deployment effectiveness, transparency, and accountability. While UK funding offers speed, EU alternatives provide sustainable financing with local benefits. Strategic inv
The Organised Private Sector of Nigeria has formally requested President Bola Tinubu's intervention to stop the Customs, Excise and Tariff Amendment Bill, citing concerns about policy coherence and economic sustainability.
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The World Bank reveals imported petrol is 12% cheaper than Dangote's locally refined fuel, warning of inflation risks from global oil price hikes and domestic pricing distortions in Nigeria.
Central Bank of Nigeria data shows remittance outflows dropped by 36.09% in 2025 while inflows surged to approximately $600 million monthly, indicating improved forex position.
The Nigerian naira depreciated against the US dollar, British pound, and euro in both official and parallel markets following the Easter holiday break, with analysts citing limited forex liquidity.
The World Bank has urged Nigeria's Federal Government to avoid extravagant expenditure as the country benefits from higher oil prices due to Middle East conflict, emphasizing prudent fiscal management.
A new World Bank report reveals severe gender disparity in Nigeria's workforce, with just 10.5% of women in paid employment compared to 17% of men, highlighting barriers to economic progress.
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Nigeria's business confidence declined sharply in March 2026 due to rising input costs, weak investment, and structural challenges, with key sectors like agriculture and non-manufacturing contracting.
