Nigeria has been designated as the pilot country for the African Continental Free Trade Area's Simplified Trade Regime in West Africa, aiming to ease cross-border trade for small-scale traders and boost economic integration.
Lagos State government and NACCIMA emphasize prioritizing MSMEs and investing in human capital as key to achieving Nigeria's $1 trillion economy goal by 2030, addressing inflation and infrastructure challenges.
Former University of Uyo VC, Prof. Akpan Ekpo, advises the Federal Government to direct capital toward employment-generating sectors and technological learning for durable national wealth.
Learn why Nigerian traders need position size calculators to manage risk in naira trades amid inflation, central bank policy, and oil price volatility. Essential discipline tool for Lagos, Abuja, Port Harcourt traders.
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Nigeria's car imports rose by 24.64% to N1.58 trillion in 2025, driven by consumer demand and industrial transport equipment, with the US as the top supplier.
A Nigerian lady based in the UK has expressed frustration after her basic salary failed to cover monthly expenses, sparking widespread reactions and advice on social media.
The Nigerian naira depreciated by N4.07 against the US dollar in the official market, driven by high forex demand and limited supply from the CBN. It also fell against the pound and euro, with similar declines in retail and black markets.
NBS data shows petrol prices increased 1.62% in February 2026 to ₦1,051.47 per litre, though down 15.6% from last year. Dangote Refinery CEO reports receiving only 5 crude cargoes monthly instead of 13-15, impacting operations.
A new PiggyVest report shows 30% of Nigerians earn less than N100,000 monthly, with 28% reporting no income, highlighting widespread financial strain despite economic reforms.
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Nigeria's capital importation increased by 26.6% in Q4, reaching $6 billion, with foreign portfolio investments dominating at 85.14%. The banking sector led inflows, while the UK was the top source.
A Nigerian tricycle rider's emotional video detailing his meager N50 profit after spending N5,000 on fuel has gone viral, sparking widespread reactions about economic hardship and government policies.
A tricycle rider in Delta State bursts into laughter after realizing he made only N5 profit from a day's work using N5000 fuel, highlighting Nigeria's economic struggles with rising petrol costs.
The National Bureau of Statistics reveals petrol price trends for February 2026, showing Yobe with the highest average price at N1,134.73 per litre and Lagos with the lowest at N966.61.
The National Bureau of Statistics reveals diesel prices decreased by 5.39% year-on-year in February 2026, with Lagos, Borno, and Akwa Ibom having the highest costs while Ogun and Kogi recorded the lowest.
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Rising inflation forces millions of Nigerians to cut eggs, yams, rice, and other staple foods from their diets. With poverty rates above 50%, households spend up to 70% of income on food, highlighting a severe cost-of-living crisis.
The average retail price of petrol in Nigeria fell by 15.6% year-on-year to ₦1,051.47 in February 2026, with Yobe State having the highest price and Lagos the lowest, according to NBS data.
The Centre for the Promotion of Private Enterprise warns that additional taxes on sugar-sweetened beverages could hurt Nigeria's manufacturing sector and slow economic recovery.
Stakeholders project the 750km Lagos-Calabar Coastal Road could transform Nigeria's economy, raising GDP from $400bn to up to $14tn over 50 years through regional collaboration and strategic development.
The WTO's 2026 report highlights that AI investment and the Middle East conflict will significantly influence global trade, with AI driving high-tech goods and services, while geopolitical tensions pose risks to energy and transport costs.
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A £746 million port financing agreement between Nigeria and the UK has raised alarms over steel imports, with experts criticizing the neglect of local steel industries like Ajaokuta and Osogbo, warning of debt and job losses.
Aliko Dangote highlights that escalating oil prices due to Middle East conflicts are pushing countries to adopt work-from-home policies, straining small businesses and African economies.
Nigeria's naira strengthened to N1,382.63 per dollar as foreign exchange inflows surged 45% to $4.4 billion in February. Despite declining external reserves, net usable reserves improved significantly to $34.80 billion, signaling resilience.
Aliko Dangote warns that escalating Iran-US tensions could worsen Nigeria's economic hardship, drive up energy costs, and force a return to COVID-era work-from-home measures, impacting daily earners and small businesses.
The Nigerian Naira depreciated to N1,383.5 per US dollar on Tuesday, with external reserves declining to $49.6 billion, reflecting ongoing forex market pressures and cautious trading conditions.
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The Federal Government has unveiled the OHOPRS initiative, budgeting N16 trillion to lift 50 million Nigerians out of poverty by 2030 through coordinated efforts with development partners and the private sector.
The Nigerian Economic Summit Group calls for coordinated private sector involvement to address human capital gaps in health, education, and skills, emphasizing transparency and measurable outcomes.
A new report by VNL Capital Asset Management highlights Nigeria's potential for attractive returns in 2026, driven by oil prices and reforms, despite global volatility and inflation pressures.
The Sea Empowerment and Research Center urges Nigeria to implement FX risk mitigation strategies for the £746 million port financing agreement with the UK, highlighting concerns over capital outflows and currency mismatch.
The Centre for the Promotion of Private Enterprise opposes a proposed tax on sugar-sweetened beverages, citing economic fragility and high costs for manufacturers.
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The Lagos Chamber of Commerce and Industry expresses alarm over soaring diesel and petrol prices, urging government intervention to stabilise the market and prevent economic collapse.
