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 $366. See the full ranking and analysis.
Category : Economy
Abuja Food Prices Fall as NBS Reports Inflation Decline
A new survey shows food prices have dropped in Abuja markets after the festive season, with NBS data confirming a decline in monthly food inflation. Experts warn the relief may be temporary without long-term policies.
IMF Upgrades Nigeria's 2026 Economic Growth Outlook
The IMF has revised Nigeria's 2026 growth projection upward to 4.4%, citing sustained reforms and macroeconomic improvements. Discover the details and key risks.
Protesters Block Finance Minister, Gunshot Heard in Abuja
Tensions erupted at Nigeria's Finance Ministry as unpaid contractors blocked the minister. A gunshot was fired during the protest over N1.5 trillion debt. Read the full details.
Naira at N1,490/$ 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.
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/$. Analysts attribute the gain to improved liquidity but warn of vulnerability to dollar inflows.
Naira Gains 0.5% to Close Week at N1,417 Per Dollar
The Nigerian Naira appreciated to N1,417.95 per dollar, buoyed by rising external reserves. Analysts cite improved FX transparency and policy credibility for the positive trend. Read more on the economic outlook.
Nigeria's Food Inflation Drops: See Top 10 Costly States
NBS data shows Nigeria's food inflation fell to 10.84% in Dec 2025. Discover the 10 states where food was most expensive and the items that saw price drops. #NigeriaEconomy
Naira Rallies to N1,418/$ in Official and Parallel Markets
The Nigerian Naira recorded significant gains against the US Dollar on January 15, 2026, closing at N1,419.28 officially. This rally, driven by improved forex supply and a positive 4.49% GDP forecast, signals growing economic confidence. Read the full ana
NEC Forms Committee for Tinubu's Legacy Projects
Nigeria's NEC resolves to accelerate non-oil revenue, forms a bipartisan committee for Tinubu's legacy projects, and reviews economic priorities for 2026. Read the full details.
Nigeria, 5 African Countries Delisted from EU High-Risk List
The EU has removed Nigeria and five other African nations from its financial high-risk list, following successful AML/CFT reforms and FATF delisting. This move is set to boost trade and investor confidence from January 29.
Nigeria's Inflation Cools to 15.15% in December 2025
Nigeria's inflation rate fell significantly to 15.15% in December 2025, down from 34.80% a year earlier. While food inflation moderated, high living costs continue to squeeze household budgets. Read the full analysis.
NESG Projects 5.5% Growth, 16% Inflation in 2026
The Nigerian Economic Summit Group projects economic growth of 5.5% and inflation of 16% for 2026, but warns a critical 18-month window exists to avoid policy reversals that could derail consolidation.
How Nigeria's Reforms Impact West & Central African Economies
IFC's Dahlia Khalifa explains how Nigeria's private-sector-led reforms in energy and agriculture are boosting productivity and job creation, setting a regional example. Discover the economic ripple effects.
Nigeria's Import Index Rises 0.16% in Q3 2025
Nigeria's import price index increased by 0.16% in Q3 2025, driven by higher costs for building materials and footwear. The NBS report reveals a slight decline in the terms of trade. Read the full analysis.
Nigeria's Inflation Rises to 15.15% in December
Nigeria's headline inflation increased to 15.15% in December 2025, a reversal after eight months of decline. The NBS attributes the rise to a statistical 'base effect' from CPI rebasing.
NESG Projects Naira at N1,480 to Dollar by 2026
The Nigerian Economic Summit Group forecasts the naira will stabilise around N1,480 per US dollar in 2026, driven by rising reserves and policy coordination. Discover the full economic outlook.
NECA Begins 2027 Minimum Wage Preparations
NECA Director-General Adewale-Smatt Oyerinde reveals employers have started preparing for the 2027 minimum wage negotiations. He also discusses tax reforms, business survival, and the alcohol sachet ban. Read the full interview.
Accountability Crucial for Nigeria's 2026 Economic Growth - ICAN
Stakeholders at ICAN's 2026 Economic Outlook stress that fiscal discipline and transparency are vital to build public trust and sustain Nigeria's fragile economic progress. Read more.
World Bank: Revamp Public Works for Skills, Not Just Jobs
The World Bank urges governments to transform public works programmes from short-term jobs to skills-building initiatives in care, digital, and green sectors for lasting employment.
ILO: 186m Jobless by 2026, AI Poses Major Risk
The ILO warns global unemployment will stagnate in 2026, with 186 million jobless. AI and trade uncertainty threaten youth jobs, while informality rises. Read the full report.
TUC Calls for Urgent Review of Workers' Allowances
The Trade Union Congress urges Federal and state governments to review workers' allowances to counter inflation. TUC warns economic reforms are causing hardship. Read the full demands.
Nigeria's Quality of Life: Poverty, Inflation & Regional Gaps
An in-depth analysis of Nigeria's quality of life reveals 54% poverty, 30% inflation eroding wages, and stark regional divides. Discover the realities and coping mechanisms.
How NGN Volatility is Changing Nigerian Trading Habits
Rising Naira volatility is forcing Nigerian retail traders to abandon guesswork. Discover why pips calculators are now essential for stable position sizing and protecting capital in fast markets.
Mixed Food Price Trends in Nigeria: Grains Ease, Oils Climb
January brought relief for Nigerian households as prices for rice, beans, and garri fell in major markets. However, rising costs for cooking oils and logistics continue to pressure food budgets. Get the full regional breakdown.
Naira Appreciates to N1,419.66 Against US Dollar
The Nigerian Naira strengthens against major currencies, hitting N1,419.66/$1 in NAFEM. CBN's $50m injection and rising FX reserves fuel the recovery. Get the full market analysis.
Nigeria's Urban Population to Hit 264 Million by 2050
World Bank projects Nigeria's urban population will surge to 264 million by 2050, with 4.4% economic growth in 2026 driven by reforms and export gains. Discover the challenges and opportunities.
Sit-At-Home Order Threatens Southeast's N5.7tr Fiscal Plan
The ambitious N5.7 trillion budget for Nigeria's Southeast is at risk due to the persistent Monday sit-at-home disruption, jeopardizing a projected N1.3 trillion IGR. Governors target a 300% revenue spike amidst insecurity concerns.
CBN: Nigeria's Economy Grows 3.89% in 2025, Inflation Eases
The Central Bank of Nigeria's 2025 macroeconomic outlook shows resilient growth at 3.89% and falling inflation. Discover the projections for 2026 and the critical policy actions needed.
FAAC Shares N6tr in Q3, Lagos Gets N179bn
Nigeria's FAAC disbursed a record N6 trillion in Q3 2025, with Lagos and oil-producing states receiving huge allocations. NEITI warns of fiscal risks as oil prices soften. Read the full breakdown.
Page 3 of 19