Tag: Nigeria Economy
Fuel Subsidy Return Will Deepen Economic Crisis — Minister Idris
Abuja, Nigeria — The Minister of Information and National Orientation, Mohammed Idris, has cautioned against calls to reinstate…
Fuel Subsidy Debate: Tinubu, Atiku Clash Over Policy Direction
The removal of fuel subsidy in Nigeria has sparked a fresh political debate between President Bola Tinubu and…
From Ban to Blueprint: How Tinubu’s Crypto Order Can Unlock Nigeria’s Digital Economy
Nigeria's 29 million crypto users have been waiting for this moment. The July 17 executive order is the…
Nigeria Food Import Bill Falls 7.4% to $2.34bn in 2025 Despite Higher Imports
LAGOS — Nigeria's spending on food imports declined by 7.4 percent year-on-year to $2.34 billion in 2025, signalling…
Nigeria Capital Importation Surges 83% to $10.37bn in Q1 2026
ABUJA — Nigeria's capital importation surged to $10.37 billion in the first quarter of 2026, representing an 83.83…
Tinubu Hails Nigerian Navy as Critical Pillar of Economic Security
ABUJA — President Bola Ahmed Tinubu has described the Nigerian Navy as a critical pillar in protecting and…
Naira Stays Stable on Friday as CBN Sustains Holiday FX Support
LAGOS — The Nigerian naira maintained relative stability against the United States dollar on Friday, May 29, 2026,…
Nigeria’s Foreign Reserves Rise Above $50bn in Major Milestone
ABUJA — The Central Bank of Nigeria has confirmed that Nigeria's foreign exchange reserves have risen above $50…
NISER: Nigeria Economy on Track, Inflation to Drop to Single Digits
ABUJA — The Nigerian Institute of Social and Economic Research has released an optimistic medium-term economic outlook for…
Soaring Ram Prices Dampen Eid Al Adha Joy Across Nigeria
LAGOS — As Eid Al Adha approaches, millions of Nigerian families are confronting an uncomfortable reality: the cost…
Nigeria job data: Why 4.3% unemployment doesn’t add up
On paper, Nigeria's unemployment rate stands at an enviable 4.3%, a figure that would signal near full employment…
Naira Holds Steady on Friday as CBN Keeps FX Market Firm
LAGOS — The Nigerian naira maintained steady momentum against the US dollar in the early hours of Friday,…
