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Nigeria Economy

Tinubu deploys 79 locally assembled ambulances to tertiary hospitals nationwide

President Bola Tinubu has deployed 79 locally assembled ambulances to tertiary hospitals nationwide, aiming to strengthen emergency healthcare and reduce avoidable deaths across Nigeria.

Court halts coroner’s inquest into death of Chimamanda’s son

A Lagos High Court has suspended the coroner's inquest into the death of author Chimamanda Adichie's son, pending a challenge to its legality.

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

Tinubu deploys 79 locally assembled ambulances to tertiary hospitals nationwide

President Bola Tinubu has deployed 79 locally assembled ambulances to tertiary hospitals nationwide, aiming to strengthen emergency healthcare and reduce avoidable deaths across Nigeria.

Court halts coroner’s inquest into death of Chimamanda’s son

A Lagos High Court has suspended the coroner's inquest into the death of author Chimamanda Adichie's son, pending a challenge to its legality.

Reps Minority Leader Kingsley Chinda Resigns

KEY POINTS House of Representatives Minority Leader Kingsley Chinda has resigned from his position...

Why Nigerians aren’t feeling Tinubu’s economic reforms, says Bwala

Presidential adviser Daniel Bwala says Nigeria's large population and infrastructure deficit are slowing the impact of President Tinubu's economic reforms on ordinary citizens.