Economic News

In a proactive step to shield Nigeria’s economy from potential external shocks, the Federal Government has inaugurated a special subcommittee to examine the possible repercussions of newly announced United States...

A nation’s currency strength is more than just a number on an exchange board—it’s a reflection of economic resilience, investor confidence, and financial stability. Across Africa, certain currencies stand out...

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...