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Lagos police bust warehouse repackaging fake Viagra, Omeprazole and other drugs for sale across Nigeria

Lagos police have raided a warehouse used for more than two years to repackage fake medicines including Viagra, Omeprazole and antibiotics for distribution across Nigeria and West Africa.
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Nigeria has fewer than 300 psychiatrists for over 200 million people, expert warns

Nigeria has fewer than 300 psychiatrists serving a population of over 200 million people, a professor of psychiatry has warned, calling for urgent action on mental healthcare funding.
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Capital importation jumps 182 percent to $3.52 Billion

Nigeria's capital importation jumped 182% to $3.52bn in January, driven almost entirely by foreign portfolio investment, while foreign direct investment collapsed by 80 percent.
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FG unveils net-zero plan, targets 2060 neutrality

Nigeria's government has launched a net-zero plan targeting carbon neutrality by 2060, backed by fresh German funding and tied directly to the country's long-term economic growth.
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IMF warns Nigerians of tougher times ahead as food, transport costs climb and debt rises

The IMF warned Nigerians face tougher near-term conditions from rising food and transport costs, even as the country's oil grades trade above $113 per barrel.
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IMF cuts Nigeria growth forecast to 4.1 percent

The International Monetary Fund cut Nigeria's 2026 growth forecast to 4.1 percent, down from 4.4 percent, citing higher commodity costs and shipping disruptions.
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Manufacturing sector taxes climb to N2.05tn in 2025

Nigeria's manufacturing sector contributed N2.05 trillion in total taxes in 2025, with VAT and Company Income Tax both posting double-digit gains, according to the National Bureau of Statistics.
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Edun targets 7 percent annual Nigeria GDP growth

Finance Minister Olawale Edun says Nigeria is targeting 7 percent annual GDP growth and needs $14 billion yearly to bridge its infrastructure gap.
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Manufacturing foreign investment in Nigeria plunges 51 percent

Nigeria's manufacturing sector absorbed just $772.45 million in foreign investment in 2025, a 51 percent drop from 2023, even as total capital inflows surged.
Business

Nigeria capital importation jumps in 2025

Nigeria capital importation surged in 2025, rising sharply on the back of portfolio investments and increased inflows into the banking sector.
Business

Tinubu Reforms Deepen Stability, Federal Unity, Bagudu Says

Nigeria’s budget minister says Tinubu’s economic reforms are improving political coordination, stabilising markets and guiding development partnerships despite short-term hardships.
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Anambra Shuts Onitsha Main Market Over Sit-At-Home Defiance

Anambra State shut Onitsha Main Market for one week after traders defied the Monday sit-at-home order, escalating efforts to restore normal economic activity.
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Nigeria’s Economy Set To Soar: IMF Predicts 4.4% Growth In 2026

IMF forecasts Nigeria’s economy to grow 4.4% in 2026, highlighting reforms, energy prices, and fiscal stability.
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Nigeria Posts Strongest Economic Expansion at 57.6 Index

Nigeria recorded its strongest economic expansion at 57.6 index points, as activity, demand, and confidence strengthened across the private sector.
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Lagos police bust warehouse repackaging fake Viagra, Omeprazole and other drugs for sale across Nigeria

Lagos police have raided a warehouse used for more than two years to repackage fake medicines including Viagra, Omeprazole and antibiotics for distribution across Nigeria and West Africa.
News

Nigeria has fewer than 300 psychiatrists for over 200 million people, expert warns

Nigeria has fewer than 300 psychiatrists serving a population of over 200 million people, a professor of psychiatry has warned, calling for urgent action on mental healthcare funding.
News

President Tinubu Orders EFCC to Vacate Osun Account Freeze Ahead Of Governorship Election

KEY POINTS President Bola Tinubu has ordered the EFCC to return to court and...
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Hundreds Flee Sokoto Community as Bandit Attacks Force Families From Their Homes

KEY POINTS Hundreds of residents, including women, children and elderly people, have fled Unguwar...