Trust Deficit Threatens $15 Billion Logistics Industry Boom
Nigeria's logistics sector, projected to reach $15.05 billion by 2030, faces a critical threat from theft and service manipulation, eroding consumer confidence and risking growth.
Category : Economy
IMF: Middle East War May Cause Global Stagflation
The IMF warns that the Middle East conflict could lead to stagflation, with rising prices and slowed growth, disproportionately affecting poor nations through energy, trade, and financial disruptions.
Fuel Hike Agitation: Workers Demand Palliatives Amid Crisis
Nigerian workers and citizens are grappling with soaring fuel prices, pushing up living costs. Labour groups, including the NLC, demand immediate government relief measures like wage awards and tax relief to cushion the economic hardship.
Nigeria's Economic Response to Middle East War
The Middle East war has spiked global oil prices, impacting Nigeria's economy. This article analyzes the need for government interventionist policies to mitigate effects on citizens.
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IMPI Opposes NLC Wage Demands as Fuel Prices Drop
The Independent Media and Policy Initiative faults NLC's wage demands as ill-timed, while NNPCL reduces fuel prices following Dangote Refinery's cut, with calls for government partnership to lower costs further.
Nigeria's One-Way Economy: Prices Rise But Never Fall
Nigeria faces a troubling economic paradox where prices surge during downturns but rarely decline when conditions improve. This one-way pricing pattern severely impacts housing, construction, and the middle class, requiring urgent policy reforms.
NSIA 2025 Results: Net Assets Reach $3.4 Billion, Core Income Up
Nigeria Sovereign Investment Authority (NSIA) achieved a 19.8% increase in net asset value to $3.4 billion in 2025, with core total comprehensive income rising to ₦478.8 billion, driven by diversified investments and strategic initiatives in healthcare, e
Nigeria Visa Barriers Threaten AfCFTA Gains: ITUC Warning
ITUC-Africa warns Nigeria's restrictive visa policies and high biometric fees could undermine AfCFTA benefits, urging reforms to boost intra-African trade and mobility.
Informal Workers Protest for Pension, Health Reforms in Nigeria
Informal sector workers in Nigeria staged a protest at the National Assembly, calling for urgent reforms in pension and health systems to address social protection gaps for over 93% of the workforce.
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Nigeria, Islamic Bank Deepen Partnership for Economic Development
The Federal Government and Islamic Development Bank sign an MoU to boost economic growth, focusing on infrastructure, social development, and innovative finance, with over $2.32 billion approved for Nigeria.
Nigeria's Population Boom: Challenges and Youth Unemployment
Nigeria's population exceeds 240 million, ranking sixth globally, but faces high unemployment and low contraceptive use, especially in the north where women average six children.
Nigeria Aims for $1 Trillion Economy with IsDB Support
The Federal Government intensifies collaboration with the Islamic Development Bank to boost infrastructure, energy, and trade reforms, aiming for a $1 trillion economy by 2030 through strategic investments and innovative financing.
Nigeria Aims for $1 Trillion Economy with IsDB Collaboration
The Federal Government intensifies efforts to achieve a $1 trillion economy by 2030 through a strategic partnership with the Islamic Development Bank, focusing on energy, trade reforms, and infrastructure investments.
Nigerians Turn to Multi-Asset Platforms for Wealth Protection
Amid global turmoil and naira volatility, Nigerians are increasingly using multi-asset platforms like forex and gold trading to hedge risks and preserve wealth, driven by economic anxiety and mobile accessibility.
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Jonathan: Vested Interests Stalled NNSL Collapse Probe
Former President Goodluck Jonathan has revealed that vested interests stalled investigations into the collapse of the Nigerian National Shipping Line, warning that Nigeria risks repeating past mistakes without proper scrutiny.
Top 10 Nigerian States With Highest FAAC Allocation in 2026
Nigeria's FAAC disbursed N703.26 billion to states in January 2026, with Lagos receiving the highest allocation. The top 10 states accounted for 44.76% of total funds, highlighting significant concentration.
Best Ways to Send Money to Africa from US in 2026
Discover the leading remittance platforms like Zobo, Sendwave, and LemFi for seamless money transfers from the US to Africa, focusing on zero fees and competitive rates.
Enviable Transport Expands CNG Tricycle Initiative Nationwide
Enviable Transport announces a nationwide expansion of its CNG-powered tricycle initiative, promising reduced fuel costs, lower emissions, and improved efficiency for drivers and fleet operators across Nigeria.
Nigeria Loses N28 Trillion in Oil Revenue Despite Boom
An economic expert reveals Nigeria missed N28.3 trillion in annual revenue due to low oil production during the Iran war price surge, highlighting systemic failures in the sector.
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Nigeria's FDI Drops to $2.15bn Amid $44.76bn Inflow
Nigeria attracted only $2.15 billion in foreign direct investment out of $44.76 billion total capital importation from 2022 to 2025, with portfolio investments dominating at $31.7 billion, raising concerns over economic volatility and reliance on hot mone
Naira Dips to N1,380.58/$ as Global Tensions Persist
The Nigerian naira depreciated to N1,380.58 per dollar at the official market, with a 1.93% weekly decline, driven by sustained foreign exchange demand outpacing supply. This occurred despite rising oil prices above $98 per barrel and elevated system liqu
Tinubu's Reforms Reset Nigeria's Economic Future
President Bola Tinubu's ambitious structural reforms, including fuel subsidy removal and foreign exchange unification, are transforming Nigeria's economic foundations to foster sustainable growth and global competitiveness.
Open Letter to Tinubu: Urgent Call for Economic Relief
A concerned citizen writes to President Bola Tinubu, highlighting severe economic strain from fuel subsidy removal and naira devaluation, urging immediate, people-centered action to ease hardships.
Nigeria Must Boost Oil Production Amid Middle East War: Analyst
A political commentator calls for Nigeria to enhance oil production and local refining capacity as the US-Israel-Iran conflict disrupts global markets, driving up fuel prices and living costs in Nigeria.
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Cheap Petrol in Nigeria Is a Myth, Says Ex-AfDB Adviser
Former African Development Bank adviser Banji Oyelaran-Oyeyinka exposes why comparing Nigeria's petrol prices internationally is misleading, highlighting structural economic weaknesses and low wages.
Nigeria Moves to Structured Fiscal Framework for Growth
Nigeria is implementing a structured, transparent fiscal framework to boost economic stability and investor confidence, as announced by Finance Adviser Nana Ibrahim at a global markets event.
Naira Trades at N1,380/$ as Nigeria's Reserves Drop
Nigeria's naira depreciates to N1,380.58 per dollar, with external reserves falling to $49.48 billion. The Central Bank introduces new measures to boost FX liquidity and transparency.
FG Opens YEIDEP Portal for N500,000 Youth Grant: Details
The Nigerian government has launched Batch B of the Youth Economic Intervention and Deradicalisation Programme, offering grants up to N500,000 to empower youths through entrepreneurship and economic inclusion.
Afreximbank Calls for Investment in African Processing Amid Global Tensions
Afreximbank advocates for African leaders to prioritize investments in processing and regional value chains at its 33rd Annual Meetings in Egypt, aiming to reduce commodity dependence and boost economic sovereignty.
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Umahi Links Bodo-Bonny Road Phase 2 to Tinubu's Re-election
Minister of Works David Umahi states that supporting President Tinubu's second term bid is essential for completing the Bodo-Bonny road project's second phase, emphasizing its economic and security benefits.
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