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Nigeria Economy

Adeleke urges Osun voters to reject APC, warns against return to half-salary era

Osun Governor Ademola Adeleke has called on residents to reject the APC at the August 15 poll, warning that a return to opposition rule would revive the half-salary era for civil servants.

Kano police arrest six over sale of unverified local medicine at ECWA Church

Kano police have arrested six members of the Brother Fall Legacy Foundation for allegedly administering and selling unverified locally made medicine at an ECWA Church in Challawa.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Nigeria Assures Investors About Market After US Backed Strike

Nigeria’s finance minister says a joint security operation with the United States will strengthen stability, reassure investors and support continued economic growth.

Latest articles

Adeleke urges Osun voters to reject APC, warns against return to half-salary era

Osun Governor Ademola Adeleke has called on residents to reject the APC at the August 15 poll, warning that a return to opposition rule would revive the half-salary era for civil servants.

Kano police arrest six over sale of unverified local medicine at ECWA Church

Kano police have arrested six members of the Brother Fall Legacy Foundation for allegedly administering and selling unverified locally made medicine at an ECWA Church in Challawa.

Security forces rescue 176 women and children kidnapped from Kwara’s Woro community

Security forces have rescued 176 women and children who spent six months in captivity after suspected Boko Haram terrorists abducted them from Woro community in Kwara State

EFCC freezes Osun state statutory allocation account 10 days before governorship election

The EFCC has directed First Bank to place a Post-No-Debit restriction on Osun State's statutory allocation account, 10 days before the August 15 governorship election.