Economy

Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy, is leading Nigeria’s delegation to the 2026 International Monetary...

Nigeria has called for urgent reforms of the international financial architecture to address high borrowing costs and persistent development financing...

The World Bank says Nigeria’s 36 states recorded a 93 per cent increase in revenues between 2023 and 2025, but...

The Anambra government said it is considering the establishment of a modular refinery as part of its plans to develop...

The price of diesel in Europe fell sharply on Friday as European countries considered releasing 50 million barrels of diesel...

The Central Bank of Nigeria (CBN) has urged Nigerians, particularly traders, to handle the naira with care, pride and dignity....

Some traders in the Federal Capital Territory (FCT) have expressed concern over the impact of the recent fuel price increase...

Kenyan President William Samoei Ruto has described the Dangote Petroleum Refinery as “a masterpiece of science, engineering and art” following...

The federal government has approved the comprehensive modernisation and upgrade of Onne, Rivers, Delta and Calabar ports to improve efficiency,...

The National Institute of Credit Administration (NICA) has called for a shift from Nigeria’s cash-based economy to a credit economy...

Nigeria’s public external debt is expected to climb to $72.6 billion by 2027, according to projections contained in the International...

The Federal Government spent N12.63tn on debt-related obligations between January and September 2025, surpassing its budgetary provision for the period...

Nigeria’s non-oil trade with the United Arab Emirates has risen to $5 billion in 2025, up from $4.3 billion recorded...

Nigeria spent a total of $2.34bn on food imports in 2025, according to fresh data released by the Central Bank...

Nigeria spent $2.34bn on food imports in 2025, fresh data from the Central Bank of Nigeria has shown. The figure...

MTN Nigeria has strengthened its contribution to government revenue by remitting a total of ₦878.7 billion in taxes, levies, and...

MTN Nigeria has strengthened its contribution to government revenue by remitting a total of ₦878.7 billion in taxes, levies, and...

The Nigerian equities market extended its rally on Monday, lifting market capitalisation above N160 trillion as investors recorded a combined...

The National Bureau of Statistics, NBS, says prices of eggs, beans, garri, onions, ginger and other food items witnessed a...

BUA Foods Plc has recorded a profit after tax of N142.32 billion for the first quarter ended March 31, 2026....

The Naira on Wednesday appreciated at the official market trading at N1,379.46 against the US dollar. According to data released...

The United Arab Emirates (UAE) announced on Tuesday that it will withdraw from the Organization of the Petroleum Exporting Countries...

Former Vice President Atiku Abubakar has fired a broadside at President Tinubu over his request for Senate approval of a...

The House of Representatives Committee on Petroleum Resources (Downstream) has described the reported milestone by the Dangote Petroleum Refinery and...

Former Vice President, , has strongly criticised the administration of President , describing the country’s current economic situation as “organised...

The naira closed the week with a marginal decline in the official market, trading at ₦1,343.63 per U.S. dollar on...

Monarchs from Ilaje Local Government Area of Ondo State have appealed to President Bola Tinubu to decentralise the surveillance of...

Nigeria’s ongoing fiscal reforms have drawn commendation from a coalition of civic and economic advocacy groups, which say recent revenue...

The National Bureau of Statistics (NBS) has reported a rise in Nigeria’s headline inflation rate, which increased to 15.38% in...

...As Steel Sector Attracts Over $2.2bn FDI By SUNDAY ABBA, Abuja Nigeria, in a landmark investment drive, has signed a...

The Nigerian naira recorded further appreciation against the U.S. dollar on Tuesday, strengthening to N1,343.76 in the official foreign exchange...

The federal government has signed a Memorandum of Understanding (MoU) with an Indian company, Rashmi Metaliks Group, in Kolkata, for...

Nigeria’s average daily crude production is still below the 1.5-million-barrel quota set for the country by the Organisation of the...

The Nigeria Customs Service (NCS) has commenced a three-day training for its personnel on artificial intelligence-powered revenue generation, remittances and...

The Federal Government has intensified efforts to reposition Nigeria’s solid minerals sector as the Ministry of Solid Minerals Development announced...

The African Development Bank Group, AfDB, has approved a 200 million dollar loan to support Nigeria’s digital infrastructure expansion and...

The Minister of State for Finance, Taiwo Oyedele, has acknowledged that Nigeria’s newly introduced tax reform laws contain errors, assuring...

President Bola Tinubu has asked Nigerians to be thankful to God that the cost of fuel is not as expensive...

The Trade Union Congress of Nigeria has called on the Federal Government to deploy excess crude oil revenue to subsidise...

The Dangote Petroleum Refinery has again increased the gantry price of petrol and diesel, further tightening pressure on consumers and...