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.
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.
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’s budget minister says Tinubu’s economic reforms are improving political coordination, stabilising markets and guiding development partnerships despite short-term hardships.
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 finance minister says a joint security operation with the United States will strengthen stability, reassure investors and support continued economic growth.
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.