Dogara: Nigeria on Right Track Despite Challenges
Former House Speaker Yakubu Dogara defends President Tinubu's economic reforms, acknowledging public hardship but insisting Nigeria is making progress.
Category : Economy
Naira Slides Despite $46bn Reserves Amid Global Tensions
Nigeria's naira depreciated against the US dollar despite external reserves nearing $46 billion, with analysts citing global trade tensions and investor caution as key pressures.
Rewane: Naira 11% Undervalued, Fair Rate N1,256.79/$
Nigerian economist Bismarck Rewane states the naira is undervalued by 11% based on PPP, with a fair exchange rate of N1,256.79/$. He shared insights at an ACTN event, highlighting economic factors and treasury strategies.
Sachet Alcohol Ban Rushed, Harmful to Economy - CSO
Concerned Citizens for Change criticizes NAFDAC's sachet alcohol ban as rushed and economically damaging, calling for stakeholder consultation and policy implementation.
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NSAN Faults New Port Fees, Warns of Trade Costs
The National Shippers Association of Nigeria expresses concern over increased port charges by the Nigerian Shippers' Council, warning it could raise import costs and inflation.
Nigeria Eyes $7.7 Trillion Halal Goldmine for Economic Fix
Nigeria explores the $7.7 trillion global halal economy as a solution to inflation and forex shortages, with experts highlighting its ethical framework and export potential beyond religious boundaries.
Shettima at WEF: Africa Must Build Its Own Prosperity
Vice President Kashim Shettima advocates for homegrown solutions and local production at WEF 2026, highlighting Nigeria's Dangote Refinery as a model for African economic transformation.
Milon Express Tackles Nigeria's Exhausting Commute with Tech
Milon Express unveils structured mobility solutions to combat the mental and physical toll of commuting in Nigeria, addressing stress, lateness, and productivity loss for workers and businesses.
NAFDAC Alcohol Ban Protests Threaten 5 Million Jobs
Nigerian unions protest NAFDAC's sachet alcohol ban, warning it threatens 5 million jobs and N3 trillion investment in local wine and spirit industries, contradicting economic recovery goals.
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Rewane Predicts Weaker Naira, Rising Debt in 2026
Bismarck Rewane forecasts a challenging yet hopeful 2026 for Nigeria's economy, highlighting naira depreciation, debt growth, and key investment sectors.
Naira Falls vs Dollar as FX Turnover Skyrockets 262%
Nigeria's naira weakened against the US dollar despite a massive 262.4% increase in foreign exchange turnover to $52.47 billion in H1 2025, driven by CBN's EFEMS system.
Remote Worker Reviews Umuahia vs Lagos Network and Power
A Nigerian remote worker shares her experience after relocating from Lagos to Umuahia, comparing internet connectivity and electricity supply between the two cities while highlighting family support.
Naira Gains in Black Market, Weakens Officially Amid 2026 Optimism
The Nigerian naira displayed contrasting movements across official and parallel markets, with analysts predicting stronger performance in 2026 driven by agricultural improvements and lower inflation.
582% Price Surge in Lagos: 2020 vs 2026 Receipt Comparison
A Nigerian X user's viral receipt comparison reveals a 582% price increase for groceries from 2020 to 2026, highlighting Nigeria's severe inflation crisis and its impact on household budgets.
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Naira to Trade at N1,400-N1,500 in 2026, Experts Predict
Nigerian economy experts project the naira will stabilise between N1,400 and N1,500 per dollar in 2026, driven by oil reforms, capital inflows, and fiscal discipline.
World Bank $12M Loan for Nigerian IDP-Hosting States
The World Bank has approved a $12 million performance-linked loan for Nigerian states hosting internally displaced persons (IDPs) under a new federal project aimed at closing data gaps and improving IDP integration into development systems.
Naira Recovers as CBN Releases New Exchange Rate
The Nigerian naira appreciated against the US dollar, closing at N1,419.35 in the official market amid improved dollar supply and rising external reserves.
Naira Gains Against Dollar in Official Forex Market
The Nigerian naira appreciated against the US dollar in the official NAFEM market but showed mixed results against other currencies and at bank counters, with analysts pointing to oil revenues and CBN policies for support.
IMF: Nigeria's Economy to Grow Faster by 2026
The International Monetary Fund projects Nigeria's economy will accelerate growth by 2026, driven by reforms and oil sector improvements, amid global economic challenges.
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China's Population Falls, Birth Rate at Record Low
China's population has decreased for the second consecutive year, with the birth rate reaching an all-time low, raising concerns about long-term economic and social impacts.
Nigerians Fear Higher Bank Costs After VAT Transfer Stop
The suspension of VAT transfers to the Nigerian Revenue Service has sparked fears among citizens about possible increases in bank charges and service fees.
FG: Lagos Gold Refinery is Private, Not Government Project
The Federal Government clarifies that Nigeria's first gold refinery in Lagos is a private-sector initiative by Kian Smith, dismissing Northern Elders Forum's claims of regional bias as misleading.
Oxfam: Billionaires hit 3,000, control $3.5 trillion
Oxfam report reveals a record 3,000 billionaires in 2025, controlling over $3.5 trillion, as economic inequality surges. See the impact on Nigeria and democracy.
Musk Hits $780bn, Four Nigerians on Forbes Billionaires List
Elon Musk's net worth soars to $780bn after xAI's valuation surge. Meanwhile, four Nigerian billionaires, led by Aliko Dangote, feature prominently on Forbes' Africa list, highlighting the continent's growing economic influence.
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Nigeria's $49 Minimum Wage Ranks 11th in Africa
A 2026 report reveals stark minimum wage gaps across Africa. Nigeria's $49.18 monthly wage places it 11th among 15 nations, while Mauritius leads with $366. See the full ranking and analysis.
Abuja Food Prices Fall as NBS Reports Inflation Decline
A new survey shows food prices have dropped in Abuja markets after the festive season, with NBS data confirming a decline in monthly food inflation. Experts warn the relief may be temporary without long-term policies.
IMF Upgrades Nigeria's 2026 Economic Growth Outlook
The IMF has revised Nigeria's 2026 growth projection upward to 4.4%, citing sustained reforms and macroeconomic improvements. Discover the details and key risks.
Protesters Block Finance Minister, Gunshot Heard in Abuja
Tensions erupted at Nigeria's Finance Ministry as unpaid contractors blocked the minister. A gunshot was fired during the protest over N1.5 trillion debt. Read the full details.
Naira at N1,490/$ as Parallel-Official Market Gap Widens
The Nigerian naira weakened to N1,490 per dollar in the parallel market, creating the widest gap with the official rate since February 2025. Get the full analysis of the forex pressures and CBN's latest moves.
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Naira Appreciates to N1,417.95/$ in Official Market
The Nigerian naira strengthened by 0.25% against the US dollar last week, closing at N1,417.95/$. Analysts attribute the gain to improved liquidity but warn of vulnerability to dollar inflows.
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