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Nigeria Economy

Sade and Fela Kuti make Rock Hall history

Sade and the late Fela Kuti earned Rock Hall induction as the class of 2026, making both artists the first Africans the Rock and Roll Hall of Fame has honored in its 40-year history.

NCDC warns 10 Nigerian states of imminent cholera outbreak as floods loom

Nigeria's disease control agency has placed 10 states on high alert for cholera, warning that incoming floods could rapidly accelerate transmission across vulnerable communities

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.

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.

Latest articles

Sade and Fela Kuti make Rock Hall history

Sade and the late Fela Kuti earned Rock Hall induction as the class of 2026, making both artists the first Africans the Rock and Roll Hall of Fame has honored in its 40-year history.

NCDC warns 10 Nigerian states of imminent cholera outbreak as floods loom

Nigeria's disease control agency has placed 10 states on high alert for cholera, warning that incoming floods could rapidly accelerate transmission across vulnerable communities

ACF declares Nigeria’s security crisis a ‘state of war’ as Boko Haram kills six soldiers in Borno

The Arewa Consultative Forum declared Nigeria's security crisis a full-scale state of war, even as Boko Haram killed six soldiers in a fresh Borno attack.

Boko Haram kills four soldiers, one woman in Borno attack as funerals held for fallen general

Suspected Boko Haram terrorists have killed four soldiers and a civilian woman in Mussa community, Askira-Uba, on the same day Nigeria buried a general and troops.