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Nigeria Economy

Ahmed Galadima Emerges Winner of Adamawa APC Governorship Primary

KEY POINTS Ahmed Galadima won the Adamawa APC governorship primary with 414,444 votes. Abdulrazak...

Kwara Assembly Speaker Yakubu Danladi Wins APC Governorship Primary

KEY POINTS Yakubu Danladi Salihu won the Kwara APC governorship primary with 94,990 votes. ...

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.

Economic Hardship Debate Deepens As Radda Says FG Controls 52% Of Federation Revenue

Governor Dikko Radda says the Federal Government controls most federation revenue and should share responsibility for Nigeria’s economic hardship.

Peter Obi: 80% Youth Unemployment Shows Leaders Have Failed Nigeria

Key Points Peter Obi links Nigeria’s 80% youth unemployment rate to leadership failure and...

Latest articles

Ahmed Galadima Emerges Winner of Adamawa APC Governorship Primary

KEY POINTS Ahmed Galadima won the Adamawa APC governorship primary with 414,444 votes. Abdulrazak...

Kwara Assembly Speaker Yakubu Danladi Wins APC Governorship Primary

KEY POINTS Yakubu Danladi Salihu won the Kwara APC governorship primary with 94,990 votes. ...

Gani Adams vows to end Yorubaland kidnappings

Aare Ona Kakanfo Gani Adams says he can sharply cut insecurity in Yorubaland within six months if South West governors grant him permission to act.

NEMA repatriates 497 Nigerian returnees from Niger

NEMA has repatriated 497 Nigerian returnees stranded in Niger Republic, most of whom had set out for Libya before turning back from the perilous desert route.