Category : Economy


China's Economic Growth: A Lesson for Nigeria

Experts highlight China's disciplined planning and policy consistency as models for Nigeria, urging strategic repositioning in global trade and leveraging China's zero-tariff offer for African exports to boost growth.

Lagos Korope Ban on Lekki Expressway Divides Stakeholders

The Lagos State government's enforcement of a ban on Korope minibuses along the Lekki–Epe Expressway has ignited sharp divisions among stakeholders, with debates over safety, regulation, and the adequacy of alternative transport options.

Tinubu: Nigeria's Economy Emerges from 'Dark Tunnel'

President Bola Tinubu asserts Nigeria has navigated out of economic uncertainty, pledging sustained reforms and hope restoration during a UK state visit marked by diplomatic talks and a major port financing deal.

Nigeria-UK Sign £746M Port Deal to Deepen Economic Partnership

President Bola Tinubu and UK Prime Minister Keir Starmer have signed a £746 million agreement to modernize Apapa and Tin Can Island ports in Lagos, marking a significant step in strengthening bilateral trade and investment ties between Nigeria and the Uni

Naira Slips to N1,353/$ as CBN Releases New Dollar Rates

The Nigerian naira depreciated to N1,353 per dollar in the official window amid rising foreign exchange demand, while external reserves fell slightly to $49.83 billion. Global oil prices surged due to Middle East tensions.

Africa's Debt Crisis Drives Fossil Fuel Extraction

A new report reveals Africa's external debt exceeding $1 trillion is forcing governments to prioritize fossil fuel extraction over health and education, disproportionately impacting women and vulnerable communities.

NRC Passenger Revenue Falls 16.3% in Q4 2025

The Nigerian Railway Corporation's passenger revenue declined to N1.6 billion in Q4 2025, a 16.3% drop from the previous year, due to reduced passenger numbers, while cargo transport saw a slight increase.

Iran War Fuel Crisis Hits Nigerian Economy Hard

The ongoing conflict in Iran has disrupted global oil supply, causing petrol prices in Nigeria to surge by 50%. This article examines the economic impact, local refining challenges, and government inaction amid the crisis.

Middle East Crisis Exposes Africa's Oil Paradox

Geopolitical tensions in the Middle East highlight the vulnerability of African oil-producing nations that export crude but import refined fuel, driving inflation and economic instability across the continent.

CBN: Nigerian Businesses Optimistic Despite Rising Costs

A Central Bank of Nigeria survey reveals businesses remain optimistic about the economy, with a Confidence Index of 39.4 points in February 2026, despite facing major hurdles like insecurity, high taxes, and poor power supply.

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