President Bola Tinubu has sent a surprise warm message to opposition candidate in the 2027 election, Rabiu Kwankwaso, the NDC VP flagbearer. See the details.
Onafriq is closing Baxi PoS operations as inflation, naira depreciation and competition bite. Agents are given 30 days to move funds; the firm stays in Nigeria too.
Nigeria's rice prices may rise as the FG considers closing import windows, risking local farmers and creating a new food inflation challenge amid rising costs.
SMEDAN says many Nigerian entrepreneurs divert MSME loans to personal use and fail to repay, weakening revolving funding schemes and limiting access to finance.
Nigeria's tax reforms are enhancing net pay for workers, with reduced PAYE deductions reshaping financial relief for low- and middle-income earners.
The naira fell 0.57% amid surging dollar demand, while Nigeria's reserves rose to $46.81 billion. Oil prices dropped, impacting export earnings and currency.
Court documents reveal Jeffrey Epstein's withdrawal from trading Nigerian crude due to fraud fears linked to NNPCL, exposing Nigeria's oil sector governance issues.
Nigeria's exchange-rate gap has exceeded 6%, raising FX arbitrage concerns. While the naira strengthens officially, parallel market pressures persist.
The naira strengthens to ₦1,358 per dollar, the best in 24 months, driven by improved dollar liquidity and investor sentiment, easing pressure on importers.
IMF forecasts Nigeria's GDP to rise to $334 billion by 2026, overtaking Algeria as Africa's third-largest economy amid ongoing economic reforms and optimism.
BudgIT Tracka has identified five states with the highest number of fraudulently delivered projects under Nigeria’s 2024 federal government budget.
Economy
Load more
