Rising inflation forces millions of Nigerians to cut eggs, yams, rice, and other staple foods from their diets. With poverty rates above 50%, households spend up to 70% of income on food, highlighting a severe cost-of-living crisis.
The average retail price of petrol in Nigeria fell by 15.6% year-on-year to ₦1,051.47 in February 2026, with Yobe State having the highest price and Lagos the lowest, according to NBS data.
The Centre for the Promotion of Private Enterprise warns that additional taxes on sugar-sweetened beverages could hurt Nigeria's manufacturing sector and slow economic recovery.
Stakeholders project the 750km Lagos-Calabar Coastal Road could transform Nigeria's economy, raising GDP from $400bn to up to $14tn over 50 years through regional collaboration and strategic development.
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The WTO's 2026 report highlights that AI investment and the Middle East conflict will significantly influence global trade, with AI driving high-tech goods and services, while geopolitical tensions pose risks to energy and transport costs.
A £746 million port financing agreement between Nigeria and the UK has raised alarms over steel imports, with experts criticizing the neglect of local steel industries like Ajaokuta and Osogbo, warning of debt and job losses.
Aliko Dangote highlights that escalating oil prices due to Middle East conflicts are pushing countries to adopt work-from-home policies, straining small businesses and African economies.
Nigeria's naira strengthened to N1,382.63 per dollar as foreign exchange inflows surged 45% to $4.4 billion in February. Despite declining external reserves, net usable reserves improved significantly to $34.80 billion, signaling resilience.
Aliko Dangote warns that escalating Iran-US tensions could worsen Nigeria's economic hardship, drive up energy costs, and force a return to COVID-era work-from-home measures, impacting daily earners and small businesses.
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The Nigerian Naira depreciated to N1,383.5 per US dollar on Tuesday, with external reserves declining to $49.6 billion, reflecting ongoing forex market pressures and cautious trading conditions.
The Federal Government has unveiled the OHOPRS initiative, budgeting N16 trillion to lift 50 million Nigerians out of poverty by 2030 through coordinated efforts with development partners and the private sector.
The Nigerian Economic Summit Group calls for coordinated private sector involvement to address human capital gaps in health, education, and skills, emphasizing transparency and measurable outcomes.
A new report by VNL Capital Asset Management highlights Nigeria's potential for attractive returns in 2026, driven by oil prices and reforms, despite global volatility and inflation pressures.
The Sea Empowerment and Research Center urges Nigeria to implement FX risk mitigation strategies for the £746 million port financing agreement with the UK, highlighting concerns over capital outflows and currency mismatch.
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The Centre for the Promotion of Private Enterprise opposes a proposed tax on sugar-sweetened beverages, citing economic fragility and high costs for manufacturers.
The Lagos Chamber of Commerce and Industry expresses alarm over soaring diesel and petrol prices, urging government intervention to stabilise the market and prevent economic collapse.
PwC report warns that Nigeria's structural issues, like low production and crude-backed loans, may prevent full benefits from high oil prices, impacting inflation and economic stability.
Stakeholders from South-West and South-South regions coordinate efforts to harness economic opportunities from the 750km Lagos-Calabar Coastal Highway, aiming for national transformation through joint planning frameworks.
Aliko Dangote warns that unresolved Middle East conflict will drive up oil prices, forcing remote work policies and hurting vulnerable economies like Africa's, where many lack financial reserves.
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Deputy Speaker Benjamin Kalu advocates for technology transfer and local production partnerships with Europe to process Nigeria's raw materials like cocoa and lithium, aiming to create jobs and reduce migration.
The National Bureau of Statistics reveals significant price declines for staple foods including garri, beans, and rice across Nigerian markets in January 2026 compared to the previous year.
As the US-Iran conflict intensifies, Nigerians are grappling with soaring fuel, food, and transport costs. Experts criticize the government's lack of proactive measures and coordinated response to cushion citizens from global economic shocks.
The Nigerian naira experienced its sharpest single-day depreciation in months, closing at N1,388.38 against the dollar. External reserves fell for the sixth consecutive session amid geopolitical tensions affecting global financial flows.
The Niger Delta Chambers of Commerce chairman calls on governors to support reforms and unity to unlock the region's potential ahead of the 2026 economic summit.
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Crude oil prices fell over 14% due to eased Middle East tensions, but Nigerians grapple with petrol at N1,261-N1,400 per litre and diesel nearing N1,800, driving inflation and business strain.
An economist criticizes the Nigeria-UK port agreement, claiming it will leave Nigeria indebted and benefit British industries, while a senator praises Tinubu's diplomatic efforts.
Oil prices dropped sharply and stock markets rebounded after U.S. President Donald Trump announced talks with Iran to halt the Middle East conflict, easing fears of prolonged war and energy crisis.
Key Nigerian agencies including NCS, SON, NPA, and NAFDAC have achieved full integration into the National Single Window platform ahead of its launch, with government funding to boost digital capacity and enhance trade efficiency.
A detailed analysis of how taxes, licensing fees, and cost of living impact Nigerian doctors' net income abroad compared to Nigeria, revealing financial trade-offs.
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A Nigerian woman who purchased gold for N680,000 in 2023 shares the current market price, highlighting investment trends and economic insights for local investors.
