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Nigerian Economy

Demand surges as Nigeria’s March bond auction oversubscribes

Nigeria's March FGN bond auction drew N931.5 billion in bids against a N750 billion offer, a 4.28 percent oversubscription.

Nigeria’s oil exploration plunges 45 percent in February

Nigeria's oil exploration contracted sharply in February 2026, with active rigs falling 45 percent to 22 from 40 in January.

Dangote Plans $5 Billion Lagos Refinery Expansion To Boost Fuel Supply

Aliko Dangote plans to raise $5 billion to expand his Lagos refinery and boost Nigeria’s energy supply.

Dangote’s Net Worth Nears $30 Billion as Fortune Hits $29.8B

Aliko Dangote’s net worth climbs to $29.8 billion, driven by gains in his cement and refinery ventures as he edges closer to the $30 billion mark.

World Bank: 139 Million Nigerians Still Trapped in Poverty

The World Bank urged Nigeria to channel reform gains into real welfare improvements, as 139 million citizens still live in poverty.

Nigeria’s $92 Billion Lithium Boom Leaves Local Investors Struggling

Nigeria’s $92 billion lithium industry is dominated by foreign companies, leaving local investors sidelined in the race for green energy profits.

Tinubu Calls for Productivity Push in Independence Day Speech

Tinubu urges Nigerians to produce more, backing reforms that he says will build a stronger, self-reliant economy despite current hardship.

The Silent Billion-Dollar Hustle: How Nigerian Market Women Sustain Africa’s Food Security

KEY POINTS Nigeria’s 15 million market women move 70% of the nation’s food, generating...

The Owambe Economy: Celebrating Through Crisis in an Era of Soaring Inflation

KEY POINTS Despite soaring inflation, Nigeria’s owambe celebrations remain widespread, with families spending millions...

Five Nigerian Cities Experiencing the Fastest Rising Cost of Living in 2025

KEY POINTS Lagos, Abuja, Port Harcourt, Uyo, and Jos are the top five Nigerian...

Forensic Audit Set for NNPCL, Says Finance Minister Edun

Finance Minister Wale Edun announces a forensic audit of NNPCL, aligning with reforms aimed at boosting investor confidence and economic growth.

Nigeria’s Inflation Rate Drops to 23.18% in February 2025

KEY POINTS  Nigeria’s inflation rate dropped to 23.18% in February 2025, down from 24.48%...

Oshiomhole: Former Military Generals Resposible for Illegal Mining

Oshiomhole attributes illegal mining to the involvement of retired military general officers while calling for immediate military action.

5 Sectors to Watch for Investment Opportunities in Nigeria

Nigeria offers vast investment opportunities across agriculture, tech, renewable energy, healthcare, and real estate, promising growth and returns.

Latest articles

Demand surges as Nigeria’s March bond auction oversubscribes

Nigeria's March FGN bond auction drew N931.5 billion in bids against a N750 billion offer, a 4.28 percent oversubscription.

Nigeria’s oil exploration plunges 45 percent in February

Nigeria's oil exploration contracted sharply in February 2026, with active rigs falling 45 percent to 22 from 40 in January.

Nigeria brings home 1,230 citizens stranded in Niger

Nigeria's Federal Government brought home 1,230 stranded citizens from Niger in March 2026, completing the evacuation in two airlifts.

OO Poly Aba launches EdTech and anti-drug drive

Ogbonnaya Onu Polytechnic Aba plans to introduce Educational Technology courses and partner with the National Drug Law Enforcement Agency to curb student substance abuse, Rector Christopher Okoro Kalu announced this week.