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Nigeria Economy

Nigeria Delays 2025 NAFEST Amid Security Concerns

Nigeria delays NAFEST 2025 after assessing a tense national mood shaped by rising insecurity, saying the festival will hold at a more suitable time.

Nigerian Woman, 63, Welcomes Natural Twin Boys

A 63-year-old Nigerian woman recounts her decades-long path to naturally delivering twin boys after years of setbacks and inconclusive medical scans

CBN: Nigeria’s Economy to Grow by 4.1 Percent in 2025

Reforms demonstrate that Nigeria's economy will generate 4.1% growth with a 15% reduction in inflation according to the CBN.

Dangote Explains Sales Dynamics Following Petrol Price Cut

Dangote cuts petrol price to N899, attributes it to forces of the market and commitment to Nigeria’s economy.

Fuel Subsidy Removal Unavoidable, Tinubu Defends

Tinubu restates no regrets on subsidy removal, says it was for recovery and fiscal discipline.

Nigeria Earns $1.7 Billion in Taxes from Foreign Firms Over 9 Months

Nigeria's tax revenue from foreign firms surged 44% in 9M 2024, hitting N2.57 trillion, amid compliance efforts.

Dangote Refinery Slashes Petrol Price To N899.50

Dangote petrol price cut brings festive relief, says PETROAN.

Dangote Refinery Exports to Other Parts of The World

Dangote refinery exports PMS, diesel to Africa countries and Europe.

Naira Plummets to N1,780/$1 as Forex Volatility Grows

The naira plummets to N1,780/$1 in the black market, reversing gains as forex volatility raises concerns about Nigeria’s economic stability

Oyedele Says No Plan To Outsource Tax Collection To Consultants

Nigeria will not rely on Alpha Bata and other consultants to collect tax, FIRS is capable of doing that, Taiwo Oyedele clarifies.

Tax Reform Bills to Get National Assembly Scrutiny, Public Interest First

Experts agree on the possible pros and cons of proposed tax reform bills but Nigerians can be assured that the National Assembly will thoroughly deliberate on it in the interest of the country.

Insecurity Hampers Nigeria’s Economic Development Across Key Sectors

Insecurity disrupts Nigeria's economic development, weakening key sectors like agriculture, oil, and foreign investment, and requires multi-level solutions.

World Bank Forecasts Nigeria’s Revenue-to-GDP Ratio to Surpass 10.5%

The World Bank projects Nigeria’s revenue-to-GDP ratio to exceed 10.5% in 2024, while the government tackles inflation with agriculture-focused initiatives

Nigeria Unveils Plan to Tackle Inflation, Boost Jobs

Nigeria’s finance minister introduces economic reforms focused on reducing inflation, creating jobs, and fostering growth in agriculture, housing, and oil sectors.

Latest articles

Nigeria Delays 2025 NAFEST Amid Security Concerns

Nigeria delays NAFEST 2025 after assessing a tense national mood shaped by rising insecurity, saying the festival will hold at a more suitable time.

Nigerian Woman, 63, Welcomes Natural Twin Boys

A 63-year-old Nigerian woman recounts her decades-long path to naturally delivering twin boys after years of setbacks and inconclusive medical scans

UN Condemns Abduction of Niger Pupils, Says Schools Must Be Safe

The UN condemns the abduction of more than 200 pupils and teachers in Niger State and urges authorities to protect schools and secure the victims’ safe return.

7 Simple Ways Nigerians Can Cope With Constant Bad News

Nigerians are dealing with nonstop reports of kidnappings, attacks and insecurity. These seven practical steps can help people manage the emotional weight and stay grounded.