Afreximbank approves a $10 billion Gulf Crisis Response Programme to shield African and Caribbean economies from Middle East conflict disruptions, offering support for essential imports and infrastructure.
Finance Minister Wale Edun states Nigeria is positioned to benefit from rising oil prices amid Middle East tensions while managing economic risks. The World Bank projects growth but warns of inflation and poverty challenges.
The National Bureau of Statistics reveals a sharp 49.81% decline in Company Income Tax revenue for Q4 2025, with VAT also falling 3.78% quarter-on-quarter amid economic hardship.
The Federal Government has granted demurrage waivers for over 10,000 containers stuck at Lagos ports due to regulatory bottlenecks. Officials from NRS, NCS, and PEBEC reviewed the National Single Window system to address operational challenges.
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The landmark £746 million Nigeria-UK MoU aims to modernize key ports but faces hurdles like regional imbalances, tied financing favoring UK suppliers, and governance risks. Success requires inclusive investment across ports like Onne and Calabar to boost
A woman in Kano State showcased the variety of foodstuffs she purchased at the local market for only N11,000, highlighting affordable prices amid economic concerns.
The African Export-Import Bank has approved a $10 billion Gulf Crisis Response Programme to shield African and Caribbean economies from Middle East conflict shocks, focusing on imports, energy, and infrastructure.
A Nigerian woman's viral TikTok video exposes the Forex trading industry, claiming influencers profit from recruiting students rather than actual trading. She describes it as exploitative, sparking online debate.
Lagos is now Africa's fourth most expensive city for renting a two-bedroom apartment, with annual costs soaring to N26.8 million. The income-to-rent ratio has surged to 70%, far exceeding UN affordability standards, driven by high demand and limited suppl
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The Nigerian Economic Summit Group reports business activities slowed in March 2026 due to limited finance access and frequent power outages, with key sectors contracting.
Billionaire Femi Otedola disclosed discussions with President Bola Tinubu and Aliko Dangote on Nigeria's economic reforms, expressing optimism about positive outcomes and commending Tinubu's dedication.
A Nigerian man's viral post shows yam tubers cut and sold in pieces at Ile Epo Market in Lagos for N500 each, sparking widespread reactions about the country's economic struggles.
A new World Bank gender data report reveals that less than 11% of employed Nigerian women hold wage and salaried jobs, highlighting a significant gender gap in formal employment access compared to men and global averages.
The cost of a 50kg bag of cement in Nigeria has skyrocketed to between N10,500 and N15,000, exacerbating the nation's housing affordability crisis and pushing homeownership beyond reach for millions of citizens.
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The Federal Government has launched the Entrepreneurship, Innovation and Business Incubation Certification programme nationwide to equip students with entrepreneurial skills before graduation.
The Federal Government has increased its 2026 borrowing plan to N29.2 trillion following budget expansion, with analysts raising concerns about debt sustainability and effective fund utilization for national development.
The IMF warns the Middle East conflict is driving higher prices and slower growth globally, with OPEC+'s production increase seen as largely symbolic amid the Strait of Hormuz blockade.
The Centre for the Promotion of Private Enterprise highlights that Nigeria's Q1 2026 macroeconomic stability is undermined by persistent structural issues, high energy costs, and insecurity. Peter Obi urges resilience amid hardship.
The naira weakened marginally in the official market but gained in the parallel segment, while Nigeria's bond market showed subdued activity with mild yield changes and strong auction demand.
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Climate events could reduce Nigeria's GDP by 8% by 2100, with sea-level rise costing 0.1-0.4% yearly. Experts urge media to strengthen ESG reporting to mitigate risks and attract investment.
The African Development Bank states that African nations could boost tax revenue by $469.4 billion yearly through digital tools and stronger enforcement, addressing a critical shortfall in funding for development.
The Nigerian naira starts the week with losses against the US dollar, while external reserves fall for 14 consecutive days, raising concerns over forex volatility and economic stability.
The Economic Community of West African States (ECOWAS) has launched a recruitment drive with multiple job openings in sectors like administration, finance, and health. Applications are open until April 30, 2026, for positions in Nigeria and other member s
President Bola Tinubu has appointed Dalhatu Abubakar as Chairman of the Nigeria Commodity Exchange, reconstituting its board to boost non-oil exports and food security.
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Ambassador Mehmet Poroy calls for intensified efforts to raise Nigeria-Türkiye trade from $2 billion to $5 billion, highlighting investment opportunities and new cooperation mechanisms.
Nigerian households confront financial strain as rice, tomatoes, yam, and chicken prices surge ahead of Easter celebrations. Rising transport costs and inflation force families to scale back festivities significantly.
British-Nigerian engineer Lady Ayobami Animashaun spearheads Africa Beyond Extractives initiative, shifting continent's economy from resource dependency to innovation-led growth through trade and digital infrastructure.
Finance Minister Taiwo Oyedele calls for prudent spending and transparency to combat illicit financial flows, stressing that fiscal strength requires effective resource management for Africa's sustainable development.
The International Energy Agency, IMF, and World Bank have established a coordination group to combat global energy and economic disruptions from the Middle East conflict, as an economist warns of a looming recession.
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The Nigeria Sovereign Investment Authority achieved a 10.9% asset growth to N4.91 trillion in 2025, with core operating income rising 5.5% to N525.3 billion, despite foreign exchange challenges.
