HomeTagsNigeria Economy

Nigeria Economy

PDP Crisis Deepens as Turaki Emerges Interim Chairman

KEY POINTS Kabiru Turaki has been appointed interim chairman of the Peoples Democratic Party...

Ayeni Remanded in Kuje Over Alleged N8bn Money Laundering Case

KEY POINTS Tunde Ayeni has been remanded in Kuje prison after pleading not guilty...

Dangote Reclaims $30 Billion Net Worth as Cement Lifts Fortune

Aliko Dangote’s net worth has climbed back to $30 billion as rising cement shares and aggressive refinery expansions recharge his business empire.

How Remote Work Is Transforming Nigerian Economy

Remote work has shifted from a pandemic necessity to a structural economic force in Nigeria, reshaping hiring, productivity, lifestyle, and global employment access.

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.

Latest articles

PDP Crisis Deepens as Turaki Emerges Interim Chairman

KEY POINTS Kabiru Turaki has been appointed interim chairman of the Peoples Democratic Party...

Ayeni Remanded in Kuje Over Alleged N8bn Money Laundering Case

KEY POINTS Tunde Ayeni has been remanded in Kuje prison after pleading not guilty...

Kano Set to Swear In New Deputy Governor Garo

KEY POINTS Murtala Sule Garo has been confirmed and is set to be sworn...

Ogun Pilgrims Arrive Saudi Arabia as Gateway Airport Records First International Flight

KEY POINTS Gateway International Airport recorded its first international flight, transporting Ogun pilgrims for...