A professor at Obafemi Awolowo University (OAU), Tunji Ogunyemi, has warned that restoring petrol subsidy could cause more than 15 states in northern Nigeria to collapse financially within three months.…

President Bola Tinubu has welcomed the latest Gross Domestic Product (GDP) figures showing that Nigeria’s economy grew by 4.43 per cent in the second quarter of 2026, up from 4.23…

Moody’s Ratings has revised Nigeria’s economic outlook from “stable” to “positive,” citing the country’s improved resilience to external shocks, rising foreign exchange reserves and stronger-than-expected economic growth. The ratings agency,…

Nigeria’s capital market will return to the global Frontier Market classification following a decision by global index provider FTSE Russell, the Federal Government has announced. The reclassification will take effect…

The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, has outlined the impact of the Federal Government’s economic reforms, particularly the removal of fuel subsidy and…

Nigeria’s food inflation rate rose for the fifth consecutive month, climbing to 20.31 per cent in July 2026 from 17.52 per cent in June, according to the National Bureau of…

Nigeria’s headline inflation rate fell to 15.43 per cent in July 2026, down from 15.91 per cent recorded in June. The National Bureau of Statistics (NBS) disclosed this in its…

The Presidency has dismissed former Vice President Atiku Abubakar’s criticism of President Bola Tinubu’s economic policies, insisting that the administration’s reforms have strengthened Nigeria’s economy and laid the foundation for…

President Bola Tinubu has said Nigeria's economy is on a steady path of growth, attributing the progress to the financial, fiscal and tax reforms implemented by his administration over the…

President of the Dangote Group, Aliko Dangote, has announced plans to return to the Olokola Free Trade Zone (OKFTZ) in Ondo State, more than a decade after shelving an earlier…