Tag: Nigeria Economy
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,…
Nigeria’s N130 Trillion Credit Gap Strangles 39m Businesses
LAGOS — Nigeria's micro, small, and medium enterprises are being strangled by a massive credit deficit. The Chairman…
Naira Holds Steady at N1,370 as CBN Watches Market
LAGOS — The Nigerian naira traded at around N1,370 to the United States dollar in the official market…
Borrowing Tomorrow to Pay for Yesterday
According to the Debt Management Office, the country's total public debt as of December 31, 2025 stood at…
