Economic News

Nigeria’s food security crisis has intensified, with an additional one million people experiencing severe food insecurity in 2024 compared to last year, according to a recent World Bank report. The...

The federal government is strategizing to expand the tax base by including more eligible individuals and entities. This will boost revenue and fulfil its obligations to citizens. It aims to...

Nigeria's digital services have continued to thrive despite economic challenges, including reduced purchasing power, double-digit inflation, and high petrol prices. The information and communication sector saw a 101.80% increase in...

Dangote Refinery is set to receive 12 million barrels of crude oil from the federal government next month, addressing a significant portion of the country's fuel needs. Aliko Dangote, CEO...

Dangote Group President Aliko Dangote is urging the federal government to immediately end fuel subsidies. In a Bloomberg Television interview, Dangote argued that removing subsidies will reveal Nigeria's true petrol...

Nigeria's external reserves have hit a 22-month high of $37.31 billion, boosted by significant foreign investment in Africa's largest economy. The efforts have yet to have a significant impact on...

As of 2024, the global manufacturing landscape is shaped by a handful of nations that dominate various sectors of industry, contributing substantially to the world’s output. These countries have positioned...

A recent report from the Central Bank of Nigeria (CBN) has highlighted the increasing financial strain on Nigerians. According to The Punch, the report warns that more citizens may resort...

The Federal Government of Nigeria has introduced a 50% subsidy on electricity costs for public hospitals nationwide. This initiative was unveiled by the Minister of State for Health and Social...

CORBON, the Nigerian Council of Registered Builders, has stated that the expansion of the informal sector has the potential to increase Nigeria's and Africa's economic growth rates. Engr Sam Opaluwah,...