HomeTagsNigeria Economy

Nigeria Economy

Air Peace Flight Returns to Lagos Over Poor Visibility at Asaba Airport

KEY POINTS Air Peace flight P47860 returned to Lagos after poor visibility around the...

Adelabu Withdraws From Oyo APC Governorship Race, Demands Reconciliation

KEY POINTS Adebayo Adelabu has withdrawn his challenge to the APC governorship nomination in...

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.

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.

Latest articles

Air Peace Flight Returns to Lagos Over Poor Visibility at Asaba Airport

KEY POINTS Air Peace flight P47860 returned to Lagos after poor visibility around the...

Adelabu Withdraws From Oyo APC Governorship Race, Demands Reconciliation

KEY POINTS Adebayo Adelabu has withdrawn his challenge to the APC governorship nomination in...

Kidnappers Collect ₦7.8bn in One Year, Study Finds

KEY POINTS 7,825 Nigerians were kidnapped in one year, a 66% increase from the...

Gunmen Abduct Kogi Principal, NECO Official, Students During Exam

KEY POINTS Gunmen abducted a Kogi school principal, NECO official and students during an...