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Nigeria Economy

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FG unveils national cloud policy, targets $750m investment in 24 months

Nigeria's government has unveiled a National Digital Cloud Policy that aims to attract $750 million in private cloud and data investment within 24 months.
News

MultiChoice Nigeria clarifies ownership structure under Canal+

MultiChoice Nigeria says it still sets pricing, content and distribution decisions locally under CANAL+, insisting global ownership keeps key operational choices in Nigeria.
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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.
News

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.
News

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.
News

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.
News

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.
News

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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News

FG unveils national cloud policy, targets $750m investment in 24 months

Nigeria's government has unveiled a National Digital Cloud Policy that aims to attract $750 million in private cloud and data investment within 24 months.
News

MultiChoice Nigeria clarifies ownership structure under Canal+

MultiChoice Nigeria says it still sets pricing, content and distribution decisions locally under CANAL+, insisting global ownership keeps key operational choices in Nigeria.
Politics

Adeleke Wins Osun Governorship Election by 66,252 Votes

KEY POINTS Ademola Adeleke won the Osun governorship election with 511,067 votes, defeating APC’s...
News

Bandits Attack Sokoto Communities, Displace Women and Children, Rustle Over 300 Cattle

KEY POINTS Suspected bandits attacked Ungushi, Gwandi and Maikurfuna in Kebbe LGA, forcing women,...