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Nigeria Economy

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Tinubu Unveils Ultra-Modern NRS Headquarters

KEY POINTS President Tinubu commissioned the new Nigeria Revenue Service headquarters in Abuja, marking...
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Fayose Holds Private Talks with Olubadan

KEY POINTS Fayose held a private meeting with the Olubadan amid rising political tension...
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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.
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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.
Business

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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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News

Tinubu Unveils Ultra-Modern NRS Headquarters

KEY POINTS President Tinubu commissioned the new Nigeria Revenue Service headquarters in Abuja, marking...
News

Fayose Holds Private Talks with Olubadan

KEY POINTS Fayose held a private meeting with the Olubadan amid rising political tension...
News

Akpabio Defends INEC Chairman Amupitan Over ‘Victory Is Sure’ Tweet Controversy

KEY POINTS Akpabio defended INEC chairman Joash Amupitan, dismissing claims of partisan bias over...
News

ADC Crisis Deepens as Mark-Led Faction Expels Bala

KEY POINTS The David Mark-led ADC faction expelled Nafiu Bala, Leke Abejide, and others...