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Nigeria Economy

Nigeria’s Parliament Showcases Rising Autistic Artist

Nigeria’s National Assembly hosted an art exhibition promoting autism awareness, showcasing a Guinness World Record artist and pushing lawmakers toward stronger inclusion policies.

Cardoso Urges Stronger Role for Farm Lending

CBN Governor Olayemi Cardoso urged banks to strengthen agricultural finance and expand farm credit as Nigeria pushes to improve food security and rural growth.

South-East Residents Explain Monday Business Shutdowns

South-East residents say ongoing fears and uncertainty still force many businesses to remain closed on Mondays despite efforts to restore normal activity.

AEDC Lays Off 800 Workers as Power Supply Worsens

AEDC fires 800 workers after restructuring, raising concerns over worsening electricity supply and poor sector performance.

Food Imports Surge 45% as Local Production Struggles to Keep Up

Nigeria’s food imports jumped 45% in H1 2025 as insecurity and weak agricultural output hurt local production capacity.

Lekki Zone MD: Nigeria Remains Investor-Friendly

Lekki Free Zone MD Val Attah insists Nigeria remains viable investment destination, backed by reforms and strong investor confidence.

Fuel Tax Won’t Begin Until Naira Strengthens or Oil Price Falls — Oyedele

Oyedele says Nigeria will delay 5% fuel surcharge until naira appreciates or oil prices drop to avoid price hikes.

Otedola Celebrates Dangote’s $20 Billion Refinery

Femi Otedola praises Aliko Dangote’s $20 billion refinery expansion as a generational legacy reshaping Nigeria’s oil and energy landscape.

Dangote To Double Refinery Output To 1.4 Million Barrels Daily

Dangote plans to double his Lagos refinery output to 1.4 million barrels daily to boost Africa’s energy supply.

IMF Warns Nigeria on Rising Debt, Oil Risks Despite Reform Progress

IMF praises Nigeria’s economic reforms but warns that debt costs, fiscal pressures, and oil volatility could threaten recent recovery gains.

Presco Profit Doubles on Strong Palm Oil Demand

Presco Plc reported over 100 percent profit growth in nine months, driven by strong palm oil demand, higher output, and improved efficiency.

Nigeria’s Raw Material Imports Hit N3.53trn in First Half of 2025

Nigeria’s raw material imports rose by 19.7% to N3.53 trillion in H1 2025, highlighting structural weaknesses and the failure of the country’s import substitution policy, according to industry experts.

Nigeria Losing Billions to Illicit Financial Flows, Says IMF

The IMF says illicit financial flows are worsening Nigeria’s revenue crisis as it pledges renewed support to track illegal fund movements.

IMF Lifts Nigeria’s 2025 Growth Outlook to 3.9%

IMF raises Nigeria economic growth forecast 2025 to 3.9 percent, driven by stronger fundamentals, investor confidence, and fiscal reforms.

Latest articles

Nigeria’s Parliament Showcases Rising Autistic Artist

Nigeria’s National Assembly hosted an art exhibition promoting autism awareness, showcasing a Guinness World Record artist and pushing lawmakers toward stronger inclusion policies.

Cardoso Urges Stronger Role for Farm Lending

CBN Governor Olayemi Cardoso urged banks to strengthen agricultural finance and expand farm credit as Nigeria pushes to improve food security and rural growth.

NAF Moves to Restart Stranded Military Flight

Nigeria’s Air Force is working to restore operations of a grounded C-130 aircraft in Burkina Faso as preparations continue for its flight to Portugal.

Tinubu Seeks Senate Backing for Troop Deployment to Benin

Tinubu asks the Senate to approve a Benin troop deployment after a failed coup sparked an urgent request for military support