HomeTagsNigeria Economy

Nigeria Economy

Smart Irrigation Tech Lifts Nigeria’s Small Farms

Farmers in Oyo and Kaduna are adopting AI-powered irrigation to save water, increase yields and build resilience against climate challenges.

Dangote Urges Nigerians to Prioritize Wealth Creation

Aliko Dangote advises Nigerians to reject luxury lifestyles and embrace investment as a strategy for sustainable wealth creation and national economic growth.

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.

Peter Obi Slams “Inhumane” Demolitions, Urges Government

Peter Obi condemns inhumane demolitions across Nigeria, warning they worsen poverty and threaten the economic stability of millions.

Latest articles

Smart Irrigation Tech Lifts Nigeria’s Small Farms

Farmers in Oyo and Kaduna are adopting AI-powered irrigation to save water, increase yields and build resilience against climate challenges.

Dangote Urges Nigerians to Prioritize Wealth Creation

Aliko Dangote advises Nigerians to reject luxury lifestyles and embrace investment as a strategy for sustainable wealth creation and national economic growth.

Terrorists Hold Over 7,000 Nigerians in Captivity Across Seven States

Over 7,000 Nigerians remain captive in northern forests, as abductions escalate, spreading fear and destroying communities across seven states.

7 Practical Ways Anyone Can Build Wealth from Scratch

Discover 7 actionable steps to build wealth from scratch with budgeting, saving, investing, and small habits that make a difference.