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Nigeria Economy

Expert Cautions Nigerians on Antibiotic Abuse Risks

A Lagos based medical specialist warns that antibiotic abuse and self medication are accelerating antimicrobial resistance and threatening effective treatment of common infections.

Natasha Backs Joshua, Presses Nigeria on Highway Safety

Natasha Akpoti Uduaghan expressed sympathy with Anthony Joshua after a fatal crash, renewing calls for urgent highway reforms and stronger emergency response systems.

Nigeria to Issue $500M Bond as Capital Importation Data Awaits Release

Nigeria will auction its first $500 million domestic dollar bond as the NBS prepares its Q2 2024 capital importation report.

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...

Latest articles

Expert Cautions Nigerians on Antibiotic Abuse Risks

A Lagos based medical specialist warns that antibiotic abuse and self medication are accelerating antimicrobial resistance and threatening effective treatment of common infections.

Natasha Backs Joshua, Presses Nigeria on Highway Safety

Natasha Akpoti Uduaghan expressed sympathy with Anthony Joshua after a fatal crash, renewing calls for urgent highway reforms and stronger emergency response systems.

Nigeria Posts Strongest Economic Expansion at 57.6 Index

Nigeria recorded its strongest economic expansion at 57.6 index points, as activity, demand, and confidence strengthened across the private sector.

Cosgrove Founder Gifts Staff ₦4 Billion Properties in Reward

Cosgrove Investment Limited founder Umar Abdullahi approved ₦4bn worth of company properties as gifts to staff, a rare employee reward that drew attention across Nigeria’s business community.