Nigeria's naira depreciated 0.22% to ₦1,383.58 per dollar in the official market as foreign exchange turnover fell to $142.29 million, highlighting ongoing currency pressures amid reduced liquidity.
Countries worldwide declare energy emergencies as Strait of Hormuz disruption causes fuel price surges. From UK to Australia, governments implement radical measures including fuel rationing, free public transport, and work-from-home mandates.
The Federal Government intensifies collaboration with the Islamic Development Bank to mobilize investments in infrastructure, energy, and trade reforms, aiming to grow Nigeria's economy to $1 trillion by 2030.
The Federal Government has disbursed ₦688 billion to 9.2 million households through the HOPE-CT Programme over two years, with women comprising 58.7% of beneficiaries. The World Bank-funded initiative aims to support 15 million vulnerable Nigerians.
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Nigeria's logistics sector, projected to reach $15.05 billion by 2030, faces a critical threat from theft and service manipulation, eroding consumer confidence and risking growth.
The IMF warns that the Middle East conflict could lead to stagflation, with rising prices and slowed growth, disproportionately affecting poor nations through energy, trade, and financial disruptions.
Nigerian workers and citizens are grappling with soaring fuel prices, pushing up living costs. Labour groups, including the NLC, demand immediate government relief measures like wage awards and tax relief to cushion the economic hardship.
The Middle East war has spiked global oil prices, impacting Nigeria's economy. This article analyzes the need for government interventionist policies to mitigate effects on citizens.
The Independent Media and Policy Initiative faults NLC's wage demands as ill-timed, while NNPCL reduces fuel prices following Dangote Refinery's cut, with calls for government partnership to lower costs further.
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Nigeria faces a troubling economic paradox where prices surge during downturns but rarely decline when conditions improve. This one-way pricing pattern severely impacts housing, construction, and the middle class, requiring urgent policy reforms.
Nigeria Sovereign Investment Authority (NSIA) achieved a 19.8% increase in net asset value to $3.4 billion in 2025, with core total comprehensive income rising to ₦478.8 billion, driven by diversified investments and strategic initiatives in healthcare, e
ITUC-Africa warns Nigeria's restrictive visa policies and high biometric fees could undermine AfCFTA benefits, urging reforms to boost intra-African trade and mobility.
Informal sector workers in Nigeria staged a protest at the National Assembly, calling for urgent reforms in pension and health systems to address social protection gaps for over 93% of the workforce.
The Federal Government and Islamic Development Bank sign an MoU to boost economic growth, focusing on infrastructure, social development, and innovative finance, with over $2.32 billion approved for Nigeria.
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Nigeria's population exceeds 240 million, ranking sixth globally, but faces high unemployment and low contraceptive use, especially in the north where women average six children.
The Federal Government intensifies collaboration with the Islamic Development Bank to boost infrastructure, energy, and trade reforms, aiming for a $1 trillion economy by 2030 through strategic investments and innovative financing.
The Federal Government intensifies efforts to achieve a $1 trillion economy by 2030 through a strategic partnership with the Islamic Development Bank, focusing on energy, trade reforms, and infrastructure investments.
Amid global turmoil and naira volatility, Nigerians are increasingly using multi-asset platforms like forex and gold trading to hedge risks and preserve wealth, driven by economic anxiety and mobile accessibility.
Former President Goodluck Jonathan has revealed that vested interests stalled investigations into the collapse of the Nigerian National Shipping Line, warning that Nigeria risks repeating past mistakes without proper scrutiny.
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Nigeria's FAAC disbursed N703.26 billion to states in January 2026, with Lagos receiving the highest allocation. The top 10 states accounted for 44.76% of total funds, highlighting significant concentration.
Discover the leading remittance platforms like Zobo, Sendwave, and LemFi for seamless money transfers from the US to Africa, focusing on zero fees and competitive rates.
Enviable Transport announces a nationwide expansion of its CNG-powered tricycle initiative, promising reduced fuel costs, lower emissions, and improved efficiency for drivers and fleet operators across Nigeria.
An economic expert reveals Nigeria missed N28.3 trillion in annual revenue due to low oil production during the Iran war price surge, highlighting systemic failures in the sector.
Nigeria attracted only $2.15 billion in foreign direct investment out of $44.76 billion total capital importation from 2022 to 2025, with portfolio investments dominating at $31.7 billion, raising concerns over economic volatility and reliance on hot mone
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The Nigerian naira depreciated to N1,380.58 per dollar at the official market, with a 1.93% weekly decline, driven by sustained foreign exchange demand outpacing supply. This occurred despite rising oil prices above $98 per barrel and elevated system liqu
President Bola Tinubu's ambitious structural reforms, including fuel subsidy removal and foreign exchange unification, are transforming Nigeria's economic foundations to foster sustainable growth and global competitiveness.
A concerned citizen writes to President Bola Tinubu, highlighting severe economic strain from fuel subsidy removal and naira devaluation, urging immediate, people-centered action to ease hardships.
A political commentator calls for Nigeria to enhance oil production and local refining capacity as the US-Israel-Iran conflict disrupts global markets, driving up fuel prices and living costs in Nigeria.
Former African Development Bank adviser Banji Oyelaran-Oyeyinka exposes why comparing Nigeria's petrol prices internationally is misleading, highlighting structural economic weaknesses and low wages.
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Nigeria is implementing a structured, transparent fiscal framework to boost economic stability and investor confidence, as announced by Finance Adviser Nana Ibrahim at a global markets event.
