Economy

The Federal Government has signed a massive $1.5 billion (R27 billion) loan agreement with the World Bank to help address serious infrastructure problems that have slowed down Nigeria’s economic growth …

Construction of the East African Crude Oil Pipeline (EACOP) has now reached 62 percent completion, with officials confirming that the entire project will be ready by June 2026. This was …

NIB Bank has entered a major partnership with Arifpay Financial Technologies, one of Ethiopia’s top fintech firms, in a move that is expected to strengthen the country’s digital economy. The …

The National Pension Commission (PenCom) has announced a major increase in monthly pension payments for retirees under the Programmed Withdrawal plan. The Director-General of PenCom, Ms. Omolola Oloworaran, disclosed that …

The Ethiopian government has declared strong interest in fully using the African Continental Free Trade Area (AfCFTA) to unlock new economic opportunities and improve the country’s trade performance. This comes …

The former Managing Director of Hilal Takaful Insurance, Mrs. Thaibat Adeniran, has called on Nigerian insurance companies to collaborate as a consortium to reduce the financial burden of adopting artificial …

Petrol prices in Nigeria could rise as high as N1,000 per litre in the coming weeks, as global crude oil markets respond to escalating geopolitical tensions in the Middle East, …

A new web-based platform, MyTax Nigeria, has been launched to help Nigerians—especially workers, freelancers, and small business owners—better understand and manage their tax responsibilities. This comes as discussions around tax …

Standard Chartered Bank Nigeria Limited has called on African countries to take advantage of emerging global trade shifts by strengthening regional value chains and reviewing their exposure to international markets. …

Nine major Nigerian banks collectively spent N1.90 trillion on interest expenses in the first quarter of 2025, representing a sharp 43.2 per cent increase from the N1.33 trillion recorded during …