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Nigeria Economy

Tinubu deploys 79 locally assembled ambulances to tertiary hospitals nationwide

President Bola Tinubu has deployed 79 locally assembled ambulances to tertiary hospitals nationwide, aiming to strengthen emergency healthcare and reduce avoidable deaths across Nigeria.

Court halts coroner’s inquest into death of Chimamanda’s son

A Lagos High Court has suspended the coroner's inquest into the death of author Chimamanda Adichie's son, pending a challenge to its legality.

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.

Foreign Firms Corner Nigeria’s N4.8trn Non-Oil Export Boom

Local exporters lament losing out in Nigeria’s non-oil export boom as foreign investors dominate the sector amid weak funding and policy hurdles.

Oyedele: 98% of Nigerians to Get Tax Cut or Exemption by 2026

About 98 percent of Nigerians will enjoy reduced or no tax under the new fiscal reform expected to take effect in January 2026.

Nigeria’s Inflation Crisis Pushes Workers and Employers to the Edge

Nigeria’s inflation crisis is eroding wages and threatening jobs, NECA warns, urging government action to stabilize businesses and protect workers.

Tinubu Moves to Borrow $2.3bn, Float $500m Sukuk for 2025

Tinubu seeks NASS approval for $2.3bn external borrowing and $500m Sukuk to fund 2025 budget and refinance Eurobond.

Naira Gains to N1,480 per Dollar on Parallel Market

The naira rises to N1,480 per dollar in the parallel market as CBN reforms improve liquidity and restore trader confidence.

Latest articles

Tinubu deploys 79 locally assembled ambulances to tertiary hospitals nationwide

President Bola Tinubu has deployed 79 locally assembled ambulances to tertiary hospitals nationwide, aiming to strengthen emergency healthcare and reduce avoidable deaths across Nigeria.

Court halts coroner’s inquest into death of Chimamanda’s son

A Lagos High Court has suspended the coroner's inquest into the death of author Chimamanda Adichie's son, pending a challenge to its legality.

Reps Minority Leader Kingsley Chinda Resigns

KEY POINTS House of Representatives Minority Leader Kingsley Chinda has resigned from his position...

Why Nigerians aren’t feeling Tinubu’s economic reforms, says Bwala

Presidential adviser Daniel Bwala says Nigeria's large population and infrastructure deficit are slowing the impact of President Tinubu's economic reforms on ordinary citizens.