Economic News

Between 2020 and 2024, sixteen multinational corporations with majority foreign ownership, listed on the Nigerian Exchange (NGX), successfully repatriated a staggering $2.8 billion to their parent companies—despite Nigeria’s prolonged foreign...

As of April 2025, Nigeria's national inflation rate eased to 23.71%, down from 24.23% in March, according to the National Bureau of Statistics (NBS). However, certain regions continue to experience...

The Donald Trump administration is reportedly weighing a substantial reduction in tariffs as the United States prepares for renewed trade negotiations with China this weekend—a strategic move intended to reduce...

Once aimed at curbing China's economic influence, Donald Trump’s tariffs may have had an unintended consequence—fueling a wave of sophisticated counterfeit luxury goods that are now sweeping the U.S. market....

Despite a projected uptick in Nigeria’s economic growth, the World Bank has raised concern over the rising levels of poverty in the country. In its latest Africa’s Pulse report titled...

The International Monetary Fund (IMF) has revised Nigeria’s economic growth forecast for 2025, lowering it to 3.0% due to falling global oil prices. This update was published in the IMF’s...

Nigerians are counting their losses on social media after CBEX, a popular digital asset trading platform, reportedly wiped out over N1.3 trillion from investors' accounts, following a crash on Monday...

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...