HomeTagsNigeria Economy

Nigeria Economy

Nigeria Faces Rising Cyber Threats as Microsoft Warns of Attacks

Microsoft’s latest report warns that Nigeria faces rising AI-powered cyber attacks targeting critical sectors, urging immediate cybersecurity reforms and stronger international cooperation.

Abubakar Isa Appeals Court Ruling Over Teleology Shares

Alhaji Abubakar Isa challenges the Federal High Court’s ruling over the alleged illegal transfer of 43 million Teleology shares.

Nigeria’s Inflation Slows for the First Time in 19 Months

Nigeria’s inflation rate slows after 19 months of increase, offering brief relief but ongoing economic challenges remain.

Nigeria’s Economic Activity Drops for 13th Straight Month in July

Nigeria's economic activity contracts for the 13th month, as rising costs and declining employment continue to hinder growth.

CBN Sells $876M at N1,495 in Retail Forex Auction Amid Naira Volatility

The Central Bank of Nigeria has sold $876.26 million at N1,495 per dollar in its latest retail forex auction to stabilize the naira amidst economic pressures.

Nigeria’s Economic Woes: Poor Diversification, Excess Liquidity Cited by CBN

CBN Governor Yemi Cardoso attributes Nigeria's economic woes to poor diversification and excess liquidity, raising interest rates to combat inflation.

NNPC Holds 7.2% Stake in Dangote Refinery, Not 20%: Dangote

Aliko Dangote reveals that NNPC holds a 7.2% stake in the Dangote Refinery, correcting earlier reports of a 20% stake and highlighting the project's significance.

Dangote Refinery Set to Resolve Nigeria’s Forex’s Crisis – S&P Global

S&P Global reports Dangote Refinery could significantly stabilize Nigeria's forex issues and spur economic growth.

CBN Reforms Boost Investment to Four-Year High

CBN reforms have driven investment inflows to a four-year high in Nigeria, signaling positive economic growth and enhanced investor confidence.

IMF Urges Nigeria to End Electricity Subsidies

The IMF warns Nigeria against unsustainable fuel and electricity subsidies, highlighting the need for fiscal discipline to tackle the nation's economic challenges.

Atiku Accuses Tinubu of Conflicts of Interest Over Son’s Business Ties

Atiku Abubakar claims Bola Tinubu's son's board position reflects a conflict of interest influencing major governmental projects.

Tinubu Launches Bold Plan to Revive Nigeria’s Economy

In an assertive move to bolster Nigeria's economy, President Bola Tinubu has unveiled a...

Naira Soars Below N1,600: A Glimmer of Economic Hope

The Nigerian Naira is showing promising signs of recovery, with its value appreciating to...

Rising Iron Rod Costs Push Engineers Towards Building with Bamboo

Facing rising construction costs, Nigerians innovate with bamboo as a cost-effective alternative to iron rods, showcasing resilience and adaptability in the building industry.

Latest articles

Nigeria Faces Rising Cyber Threats as Microsoft Warns of Attacks

Microsoft’s latest report warns that Nigeria faces rising AI-powered cyber attacks targeting critical sectors, urging immediate cybersecurity reforms and stronger international cooperation.

Abubakar Isa Appeals Court Ruling Over Teleology Shares

Alhaji Abubakar Isa challenges the Federal High Court’s ruling over the alleged illegal transfer of 43 million Teleology shares.

10 Best Forex Brokers in Africa for 2025 — Billionaires Africa

According to Billionaires Africa, forex trading in Africa is growing fast. Here are the 10 best forex brokers in Africa offering trusted access and regulation.

BUA Cement Profit Hits $200 Million in Nine Months

BUA Cement profit hit $200 million in nine months of 2025, driven by higher cement prices and strong cost management under Abdul Samad Rabiu