Category : Economy


Rivers Investment Team Seeks Regional Platform for Growth

The Rivers State Investment Promotion Agency (RSIPA) is advocating for a unified regional investment platform among BRACED states to accelerate economic growth through collaborative projects like rail infrastructure and blue economy initiatives.

Customs Auctions Seized Petrol Worth N14.8m in Lagos

The Nigeria Customs Service has auctioned 14,875 litres of seized petrol worth N14.875 million in Lagos after intercepting the products from smugglers. The operation was conducted under Operation Whirlwind.

Nigeria's Economic Growth Slows in March, CBN Survey Shows

Nigeria's economy expanded for the 16th consecutive month in March 2026, but at a slower pace, with the CBN's PMI at 53.2 points. Key sectors like industry and agriculture grew, though cost pressures rose, impacting profit margins.

Energy Disruption Threatens Global GDP, Sparks Inflation Fears

Prolonged disruptions to key oil shipping routes like the Strait of Hormuz could slash global GDP growth by 0.5% in 2026, triggering inflation and tighter monetary policies, with Nigeria's economy facing mixed impacts from higher oil prices and import cos

Tinubu's Strategy to Shield Nigeria from Fuel Price Turbulence

As global oil prices surge due to Middle East tensions, Nigeria faces critical economic risks. Experts propose a dual-track pricing framework using domestic refineries like Dangote to stabilize fuel costs and insulate the economy from international market

UNDP, PIND Partner for Niger Delta Development and Investment

The United Nations Development Programme (UNDP) and the Foundation for Partnership Initiatives in the Niger Delta (PIND) have signed an MoU to advance integrated development solutions, focusing on clean energy, economic growth, and climate resilience in t

EU Carbon Market Reforms Proposed Amid Energy Crisis

The European Union has proposed adjustments to its Emissions Trading System to reduce price volatility and address rising energy costs. The changes aim to create a buffer of unsold allowances to respond to future market tightness.

FGN Bond Auction Oversubscribed by 4% in March 2026

Nigeria's March 2026 Federal Government bond auction recorded strong investor demand, with subscriptions exceeding the offer by 4.28%. The Debt Management Office reported total bids of N931.5 billion against an initial offer of N750 billion.

FG Expands ₦75,000 Cash Transfer to 15 Million Homes

The Nigerian government has launched the Conditional Cash Transfer programme targeting 15 million vulnerable households, with ₦75,000 disbursed in three phases. Over 9 million households have already received payments.

U.S.-Africa Summit in Mauritius Amid Iran War Concerns

Mauritius hosts the U.S.-Africa Business Summit in July 2026, drawing over 2,500 delegates to boost trade and investment, while global uncertainties from the Iran conflict pose challenges for travel and logistics.

Nigeria Rated Low in Global Debt Transparency Review

Nigeria has received a low rating in transparency, accountability, oversight, and public participation in national debt management, according to the Open Budget Survey 2025. The International Budget Partnership calls for urgent reforms to enhance public t

US-Africa Summit in Mauritius Amid Iran War Jitters

The US-Africa Business Summit will convene in Mauritius this July, bringing together over 2,500 delegates to boost trade and investment, despite concerns over rising fuel costs and US policy impacts linked to the Iran conflict.

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