FG Proposes N30bn for Solar Mini-Grids in 2026 Budget
The Nigerian federal government has allocated N30.34 billion in the 2026 budget for solar mini-grids and inverters to power government facilities, schools, and communities amid grid instability.
Category : Economy
Naira Gains Officially, Falls to N1490/$ in Black Market
The Nigerian Naira appreciated in official foreign exchange markets while depreciating in the black market to N1490/$. Analysts predict continued stability amid rising external reserves.
Zimbabwe Hits Single-Digit Inflation for First Time Since 1997
Zimbabwe's annual inflation rate has dropped to 4.1%, marking the first single-digit reading since 1997. This milestone supports plans to establish the gold-backed ZiG as the sole currency by 2030.
Dangote Refinery Increases Petrol Price to N799/Litre
Dangote Petroleum Refinery has increased petrol ex-gantry price from N699 to N799 per litre, affecting pump prices at MRS and other partner stations nationwide.
FG Launches Women, Youth Empowerment Fund
The Federal Government, through Vice President Kashim Shettima's office, will launch a new learning fund and empowerment platform in Abuja on Wednesday, focusing on co-investment and economic inclusion for women and youths.
Anambra Loses N8bn Every Monday to Sit-at-Home
Anambra State Commissioner reveals the sit-at-home practice costs the state N8 billion weekly, as traders treat Mondays as extended weekends despite improved security.
FG Reopens NJFP Portal for Youth Internship
The Federal Government has reopened the Nigeria Jubilee Fellows Programme portal, offering 12-month paid internships with N150,000 monthly stipends to unemployed graduates under 30.
Nigeria Customs Exceeds 2025 Revenue Target with N7.2 Trillion
The Nigeria Customs Service generated N7.2 trillion in 2025, exceeding its N6.5 trillion target. The agency also recorded over 2,000 seizures valued at N59 billion and announced plans for digital expansion.
Dogara: Nigeria's Economy on Right Track
Former House Speaker Yakubu Dogara asserts Nigeria's economy is progressing under Tinubu's leadership, though citizens may not yet feel the benefits of ongoing reforms.
Naira Falls to N1,421.63/$: Analysts Predict FX Pressure
The Nigerian naira weakened across official and parallel markets as FX demand outstrips supply. Analysts from AIICO Capital and Cowry Assets forecast continued pressure despite rising external reserves.
Dogara: Nigeria on Right Track Despite Challenges
Former House Speaker Yakubu Dogara defends President Tinubu's economic reforms, acknowledging public hardship but insisting Nigeria is making progress.
Naira Slides Despite $46bn Reserves Amid Global Tensions
Nigeria's naira depreciated against the US dollar despite external reserves nearing $46 billion, with analysts citing global trade tensions and investor caution as key pressures.
Rewane: Naira 11% Undervalued, Fair Rate N1,256.79/$
Nigerian economist Bismarck Rewane states the naira is undervalued by 11% based on PPP, with a fair exchange rate of N1,256.79/$. He shared insights at an ACTN event, highlighting economic factors and treasury strategies.
Sachet Alcohol Ban Rushed, Harmful to Economy - CSO
Concerned Citizens for Change criticizes NAFDAC's sachet alcohol ban as rushed and economically damaging, calling for stakeholder consultation and policy implementation.
NSAN Faults New Port Fees, Warns of Trade Costs
The National Shippers Association of Nigeria expresses concern over increased port charges by the Nigerian Shippers' Council, warning it could raise import costs and inflation.
Nigeria Eyes $7.7 Trillion Halal Goldmine for Economic Fix
Nigeria explores the $7.7 trillion global halal economy as a solution to inflation and forex shortages, with experts highlighting its ethical framework and export potential beyond religious boundaries.
Shettima at WEF: Africa Must Build Its Own Prosperity
Vice President Kashim Shettima advocates for homegrown solutions and local production at WEF 2026, highlighting Nigeria's Dangote Refinery as a model for African economic transformation.
Milon Express Tackles Nigeria's Exhausting Commute with Tech
Milon Express unveils structured mobility solutions to combat the mental and physical toll of commuting in Nigeria, addressing stress, lateness, and productivity loss for workers and businesses.
NAFDAC Alcohol Ban Protests Threaten 5 Million Jobs
Nigerian unions protest NAFDAC's sachet alcohol ban, warning it threatens 5 million jobs and N3 trillion investment in local wine and spirit industries, contradicting economic recovery goals.
Rewane Predicts Weaker Naira, Rising Debt in 2026
Bismarck Rewane forecasts a challenging yet hopeful 2026 for Nigeria's economy, highlighting naira depreciation, debt growth, and key investment sectors.
Naira Falls vs Dollar as FX Turnover Skyrockets 262%
Nigeria's naira weakened against the US dollar despite a massive 262.4% increase in foreign exchange turnover to $52.47 billion in H1 2025, driven by CBN's EFEMS system.
Remote Worker Reviews Umuahia vs Lagos Network and Power
A Nigerian remote worker shares her experience after relocating from Lagos to Umuahia, comparing internet connectivity and electricity supply between the two cities while highlighting family support.
Naira Gains in Black Market, Weakens Officially Amid 2026 Optimism
The Nigerian naira displayed contrasting movements across official and parallel markets, with analysts predicting stronger performance in 2026 driven by agricultural improvements and lower inflation.
582% Price Surge in Lagos: 2020 vs 2026 Receipt Comparison
A Nigerian X user's viral receipt comparison reveals a 582% price increase for groceries from 2020 to 2026, highlighting Nigeria's severe inflation crisis and its impact on household budgets.
Naira to Trade at N1,400-N1,500 in 2026, Experts Predict
Nigerian economy experts project the naira will stabilise between N1,400 and N1,500 per dollar in 2026, driven by oil reforms, capital inflows, and fiscal discipline.
World Bank $12M Loan for Nigerian IDP-Hosting States
The World Bank has approved a $12 million performance-linked loan for Nigerian states hosting internally displaced persons (IDPs) under a new federal project aimed at closing data gaps and improving IDP integration into development systems.
Naira Recovers as CBN Releases New Exchange Rate
The Nigerian naira appreciated against the US dollar, closing at N1,419.35 in the official market amid improved dollar supply and rising external reserves.
Naira Gains Against Dollar in Official Forex Market
The Nigerian naira appreciated against the US dollar in the official NAFEM market but showed mixed results against other currencies and at bank counters, with analysts pointing to oil revenues and CBN policies for support.
IMF: Nigeria's Economy to Grow Faster by 2026
The International Monetary Fund projects Nigeria's economy will accelerate growth by 2026, driven by reforms and oil sector improvements, amid global economic challenges.
China's Population Falls, Birth Rate at Record Low
China's population has decreased for the second consecutive year, with the birth rate reaching an all-time low, raising concerns about long-term economic and social impacts.
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