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Nigeria Economy

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From Importers to Producers: Economies Push Local

Countries rethink heavy import dependence as they invest in homegrown supply chains to build resilience, stabilize costs, and expand local production.
News

Bauchi Police Confirm Death in Farmer-Herder Clash

Police confirmed one death and five arrests after a violent farmer-herder clash in Bauchi, prompting tighter security and a deeper investigation
News

Diaspora Remittances Surge 79 Percent To $4.18billion– Cardoso

CBN reports diaspora remittances up 79 Percent to $4.18bn in 9M’24.
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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.
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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.
News

Fuel Subsidy Removal Unavoidable, Tinubu Defends

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

Dangote Refinery Slashes Petrol Price To N899.50

Dangote petrol price cut brings festive relief, says PETROAN.
News

Dangote Refinery Exports to Other Parts of The World

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

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
News

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.
News

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.
News

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.
Business

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
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Latest articles

News

From Importers to Producers: Economies Push Local

Countries rethink heavy import dependence as they invest in homegrown supply chains to build resilience, stabilize costs, and expand local production.
News

Bauchi Police Confirm Death in Farmer-Herder Clash

Police confirmed one death and five arrests after a violent farmer-herder clash in Bauchi, prompting tighter security and a deeper investigation
News

Obasanjo Urges FG To End Apologies And Negotiations With Terrorists

Obasanjo urges the Federal Government to stop apologising and negotiating with terrorists and to adopt tougher action against rising attacks.
News

7 Ways You Are Sabotaging Your Own Growth

Seven subtle habits can block your growth without you noticing. Learn how they show up and how to move past them.

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