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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

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.

School Fees Soar, Parents Flock to ₦20,000 Jelesimi Centers

As school fees skyrocket, more Nigerian parents are returning to Jelesimi day care centers, exposing the growing education crisis and economic strain.

Lagos Shuts Ojota Chemical Market Over Fire Safety Dispute

Lagos shuts Ojota Chemical Market over fire safety rules, leaving traders counting heavy losses as Nigeria battles fragile economic recovery.

Nigeria at 65: How Oil Mismanagement Stalled Industrial Growth

Nigeria’s reliance on crude oil revenue derailed manufacturing growth, leaving the nation dependent on imports and facing deep economic struggles.

Cleric Says Nigeria’s Economic Struggles Mirror Global Crisis

Pastor Samuel Oladele says Nigeria’s economic challenges part of global crisis, urging resilience, reforms, and unity to overcome hardship.

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.