Economic News

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...

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...