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Nigeria Economy

Rivers Governor Fubara Says He Suffered for Staying Silent in Political Crisis

Governor Fubara says he has suffered for staying silent amid Rivers political crisis, urging unity with state lawmakers.

Senators Protest Selective Police Orderly Withdrawal as Tinubu Demands Full Enforcement

Senators claim uneven VIP police withdrawal; Tinubu insists full compliance to boost national security and protect all citizens.

BOI Disburses N1.27 Trillion Across Key Sectors

BOI disbursed N1.27 trillion across 14 sectors, strengthening industrial growth and supporting nearly 900,000 jobs through expanded credit programs.

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.

Latest articles

Rivers Governor Fubara Says He Suffered for Staying Silent in Political Crisis

Governor Fubara says he has suffered for staying silent amid Rivers political crisis, urging unity with state lawmakers.

Senators Protest Selective Police Orderly Withdrawal as Tinubu Demands Full Enforcement

Senators claim uneven VIP police withdrawal; Tinubu insists full compliance to boost national security and protect all citizens.

FG Plans N17.89 Trillion Borrowing to Fund 2026 Budget

Nigeria plans record N17.89tn borrowing in 2026 amid falling revenue; experts caution on rising debt and fiscal risks.

FCMB Group Posts Strong Nine-Month Results

FCMB Group reported strong nine-month 2025 results as profit, interest income, and digital revenues grew despite weaker non-interest gains.