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Economy
333 posts
Tinubu Praises Continental Adoption of Nigerian Customs Reforms and Bergmans’ Major Contract
President Tinubu lauded the selection of a Nigerian-owned firm for a major AfCFTA modernization project, hailing the move as a victory for indigenous innovation and regional integration.
President Tinubu Unveils Plan to Raise Livestock Sector Value to $64 Billion
President Bola Tinubu has announced a goal to double the $32 billion annual economic impact of Nigeria’s livestock sector, focusing on modernization and job creation through the newly created Ministry of Livestock Development.
NRS Chairman Claims Tinubu’s Reforms Prevented ₦53tn Subsidy and Currency Collapse
Zacch Adedeji, head of the Nigeria Revenue Service, argues that President Tinubu’s economic reforms saved the nation from a massive ₦53 trillion subsidy bill and a potential currency collapse.
Nigerian Fuel Stations Lower Pump Prices Once More
Several Nigerian fuel stations, including those backed by the Dangote Refinery, have lowered petrol prices again, with some locations cutting costs by as much as N50 per litre.
NACCIMA Seeks Chinese Investment to Drive Nigeria’s $1 Trillion Economy Goal
NACCIMA is set to host a major business forum in Guangzhou to attract Chinese investment, aiming to support Nigeria's goal of reaching a $1 trillion economy by 2030.
Manufacturers Association of Nigeria reports ongoing struggles with redundant taxation
The Manufacturers Association of Nigeria reports that the Nigeria Tax Act 2025 has failed to stop the practice of multiple taxation on businesses.
Taraba State Rejects Allegations of Accumulating ₦1.2 Trillion Debt
The Taraba State government has formally denied reports that it borrowed ₦1.2 trillion, with Finance Commissioner Sarah Adi citing DMO data to show domestic debt has actually decreased under Governor Agbu Kefas.
Nigeria records 148% surge in foreign investment amid regional downturn
Nigeria saw a 148% increase in foreign direct investment in 2025, reaching $4.01 billion, driven primarily by energy sector deals despite a continental decline in investment.
CBN Data Reveals Rise in Nigerian Home Loan Borrowing
New Central Bank of Nigeria data shows Nigerians are borrowing more for home purchases, accompanied by a decline in loan default rates across various sectors.
Nigeria records two months of economic growth despite industrial sector slowdown
Nigeria's economic activity grew for a second month in July 2026, driven by gains in agriculture and services, despite a slight contraction in the industrial sector.