Economic News

Nigeria’s inflation rate continued its downward trend, declining to 23.18 percent in February 2025 from 24.48 percent recorded in January, driven by a reduction in food prices. The latest Consumer...

President Bola Tinubu has stated that Nigeria was on the brink of bankruptcy before his administration implemented critical economic reforms. The President made this statement at the State House in...

Nigeria's export landscape in the fourth quarter of 2024 remained heavily dominated by crude oil, alongside a growing presence of agricultural products. Crude oil led the export sector, with a...

The governments of the United Kingdom and Nigeria have reaffirmed their commitment to increasing trade cooperation and economic growth. This strengthened relationship aims to eliminate technical trade obstacles, increase regulatory...

Lagos State Governor Babajide Sanwo-Olu has reiterated his administration's commitment to investing in vital infrastructure and connecting roads to promote the state's economic growth. Sanwo-Olu, who made the promise during...

As of January 2025, the federal minimum wage in the United States remains unchanged at $7.25 per hour, despite ongoing efforts to raise it to $15. This stagnation has made...

The United Kingdom and Nigeria have reinforced their commitment to deepening trade relations and fostering economic growth through the implementation of Nigeria’s National Quality Policy under the Standards Partnership Programme...

Nigeria’s economy has continued to expand despite macroeconomic challenges, recording a GDP growth rate of 3.40% in 2024, up from 2.74% in 2023. However, given the country’s large population, this...

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reiterated the bank’s dedication to enhancing economic collaboration between Nigeria and the Kingdom of Saudi Arabia. According to a...

The United States Mission to Nigeria has announced an investigation into how previous aid to Nigeria and other countries has been used. This follows US President Donald Trump's decision on...