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Economy
334 posts
Businesses anticipate a drop in loan interest rates within three months
A recent survey by the Central Bank of Nigeria reveals that businesses expect a slight decline in borrowing costs over the next three months despite current financial pressures.
Manufacturing sector optimism rises despite ongoing economic hurdles
Nigerian manufacturers report increased confidence in the second quarter of 2026, though operational challenges like high interest rates and power deficits persist.
US watchdog reports inaccuracies and lack of proof in Doge’s $110bn savings claims
A GAO report finds that billions in savings claimed by the Department of Government Efficiency lack verification and transparency, with many figures labeled as inaccurate.
President Tinubu Praises Economic Team and NGX for Market Surge and Financial Stability
President Bola Tinubu highlighted the success of his economic reforms as the Nigerian Exchange Group reported a significant market rebound from N30 trillion to N160 trillion, signaling potential for a one trillion-dollar economy.
Federal Government Anticipates Increased Mining Investment Through Nigeria NOW! Expo
The Nigerian government expects the Nigeria NOW! Global Investors Expo 2026 to boost investment in solid minerals and foster long-term economic growth.
Central Bank of Nigeria asserts that reforms are securing future economic prosperity
The Central Bank of Nigeria reports that recent policy reforms are successfully stabilizing the economy and fostering long-term development through improved financial infrastructure.
Tantita Security Services Links Delta Investment Surge to Better Pipeline Protection
Tantita Security Services claims that reducing pipeline vandalism has directly bolstered investor confidence and economic growth in Delta State.
ITUC-Africa Urges African Leaders to Prioritize Poverty Reduction Through Industrialization
ITUC-Africa argues that African industrialization must prioritize human welfare, explicitly opposing Nigeria's plans to remove electricity subsidies.
Nigerian Government Denies Immediate Electricity Subsidy Removal Amid Public Skepticism
The Nigerian government has walked back reports of immediate electricity subsidy removals and tariff increases, focusing instead on infrastructure improvements amid growing criticism from experts and struggling small business owners.
NESG reports improved business sentiment amid warnings of persistent economic headwinds
While Nigeria saw improved business performance in July 2026, the NESG warns that high energy costs and restricted credit access could hinder long-term growth.