HomeTagsNigeria Economy

Nigeria Economy

Terrorists kill two and abduct seven in attacks on Kaduna Adara communities

Gunmen raided two Adara villages in Kaduna's Kajuru area on Thursday night, killing two residents, wounding four and abducting seven people, including a six-month-old baby.

Adeboye and Oyedepo thank Trump, urge bolder US action on Nigeria terrorism

Nigerian clerics Enoch Adeboye and David Oyedepo thanked President Trump for striking terrorist camps and pressed the United States to take bolder action against terrorism.

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

Terrorists kill two and abduct seven in attacks on Kaduna Adara communities

Gunmen raided two Adara villages in Kaduna's Kajuru area on Thursday night, killing two residents, wounding four and abducting seven people, including a six-month-old baby.

Adeboye and Oyedepo thank Trump, urge bolder US action on Nigeria terrorism

Nigerian clerics Enoch Adeboye and David Oyedepo thanked President Trump for striking terrorist camps and pressed the United States to take bolder action against terrorism.

Obasanjo, Kwankwaso Hold Talks in Kano Ahead of 2027 Elections

K KEY POINTS Obasanjo and Rabiu Kwankwaso met in Kano during the former president's official...

Lagos to Demolish Unsafe Buildings in Alakija After Collapse Kills Nine

KEY POINTS Lagos State Government has ordered the demolition of distressed buildings in Alakija...