Nigeria Economy

Nigeria’s Minister of Finance, Taiwo Oyedele, has officially dismissed any possibility of returning to a fuel subsidy regime to safeguard the national economy. Speaking on the current administration's financial strategy, he made it…

The Federal Government has outlined policies and financial market reforms aimed at tackling the persistent barriers facing women-owned businesses, particularly limited access to credit, markets, and long-term capital. Speaking at the…

Aliko Dangote has announced a major expansion of the Dangote Refinery, set to boost capacity and create thousands of skilled jobs across Nigeria. President of Dangote Group, Aliko Dangote, revealed that the Dangote Refinery expansion…

During a high-profile working visit to Bayelsa State, President Bola Ahmed Tinubu officially commissioned several key infrastructure projects, including the Yenagoa city road. Addressing a crowd of citizens and officials, the President…

Nigeria’s Minister of State for Finance, Taiwo Oyedele, has openly acknowledged that the nation’s recently enacted tax reform laws contain significant errors. Speaking at the 2026 Nigerian Bar Association (NBA) Section on Legal Practice…

A stark new report from the World Bank reveals that poverty in Nigeria surged to 63% in 2025, leaving approximately 140 million people struggling to make ends meet. According to the Nigeria Development Update (April 2026), the country…

The International Monetary Fund (IMF) has revised its economic growth projection for Nigeria, expanding it by 3.4 per cent from an earlier estimate of 3.0 per cent—citing improved oil production and a resilient services sector as key…

The Nigerian Foreign Exchange Market (NFEM) witnessed a remarkable 62 per cent surge in total inflows, climbing from $3.67 billion in April 2025 to an impressive $5.96 billion in May 2025. Data released by the Financial…

President of the Dangote Group, Aliko Dangote, has said that the Dangote Group paid N450 billion in taxes to the Federal Government's coffers in 2024, thereby becoming the highest tax-paying company in Nigeria. This significant tax…

Moody’s, a US-based credit rating agency, has forecasted that Nigeria’s fiscal deficit will widen to 4.7 per cent of GDP in 2025, primarily driven by elevated interest payments. This projection marks a significant concern for the…