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Nigeria Economy

Obi Tells Police: Release Sowore Or Charge Him to Court

Peter Obi demands that police either release Sowore or formally charge him immediately to uphold legal rights.

Presidency Dismisses Cadre Harmonisé Hunger Projections

Presidency pushes back against reports of collapse, says Cadre Harmonisé hunger figures are projections and reforms are already underway.

World Bank Forecasts Nigeria’s Revenue-to-GDP Ratio to Surpass 10.5%

The World Bank projects Nigeria’s revenue-to-GDP ratio to exceed 10.5% in 2024, while the government tackles inflation with agriculture-focused initiatives

Nigeria Unveils Plan to Tackle Inflation, Boost Jobs

Nigeria’s finance minister introduces economic reforms focused on reducing inflation, creating jobs, and fostering growth in agriculture, housing, and oil sectors.

Leaders Urge Tinubu to Ease Burden of Fuel Price Hike on Citizens

Nigerian leaders, including Senator Shehu Sani, call on President Tinubu to ease the impact of rising fuel prices on the poor and ensure shared sacrifices.

Why Cement Prices Are Skyrocketing in Nigeria

BUA Cement's AbdulSamad Rabiu explains the rise in cement prices in Nigeria, citing dealer practices and economic challenges as key factors.

Nigeria’s Rusty FX Market Struggles to Rebound

Nigeria’s FX market faces ongoing challenges, with liquidity shortages and volatility threatening economic recovery despite government interventions.

Nigeria to Issue $500M Bond as Capital Importation Data Awaits Release

Nigeria will auction its first $500 million domestic dollar bond as the NBS prepares its Q2 2024 capital importation report.

Nigeria’s Inflation Slows for the First Time in 19 Months

Nigeria’s inflation rate slows after 19 months of increase, offering brief relief but ongoing economic challenges remain.

Nigeria’s Economic Activity Drops for 13th Straight Month in July

Nigeria's economic activity contracts for the 13th month, as rising costs and declining employment continue to hinder growth.

CBN Sells $876M at N1,495 in Retail Forex Auction Amid Naira Volatility

The Central Bank of Nigeria has sold $876.26 million at N1,495 per dollar in its latest retail forex auction to stabilize the naira amidst economic pressures.

Nigeria’s Economic Woes: Poor Diversification, Excess Liquidity Cited by CBN

CBN Governor Yemi Cardoso attributes Nigeria's economic woes to poor diversification and excess liquidity, raising interest rates to combat inflation.

NNPC Holds 7.2% Stake in Dangote Refinery, Not 20%: Dangote

Aliko Dangote reveals that NNPC holds a 7.2% stake in the Dangote Refinery, correcting earlier reports of a 20% stake and highlighting the project's significance.

Dangote Refinery Set to Resolve Nigeria’s Forex’s Crisis – S&P Global

S&P Global reports Dangote Refinery could significantly stabilize Nigeria's forex issues and spur economic growth.

Latest articles

Obi Tells Police: Release Sowore Or Charge Him to Court

Peter Obi demands that police either release Sowore or formally charge him immediately to uphold legal rights.

Presidency Dismisses Cadre Harmonisé Hunger Projections

Presidency pushes back against reports of collapse, says Cadre Harmonisé hunger figures are projections and reforms are already underway.

WAEC Faces Backlash Over Exam Result Glitches

Technical errors in WAEC’s 2025 WASSCE trigger nationwide anger as unions demand accountability and question plans for full CBT transition.

Itodo Slams Premature Campaigns, Urges Stiffer Sanctions

Samson Itodo warns premature campaigns erode governance, urging tougher sanctions to deter political actors ahead of Nigeria’s 2027 elections.