Economy

The National Coordinator of the Nigeria Community Action for Resilience and Economic Stimulus, NG-CARES, Dr Abdulkarim Obaje, has said that the additional financing of 500 million dollars approved by the …

Nigeria’s Deposit Money Banks are increasing efforts to raise fresh capital as the Central Bank of Nigeria intensifies its oversight to build a stronger, more resilient financial system. The apex …

Nigeria recorded another improvement in its crude oil production in November 2025, making one of the strongest month-on-month gains among members of the Organisation of the Petroleum Exporting Countries. According …

Nigeria recorded a trade surplus of N6.69tn in the third quarter of 2025, marking another period of positive growth for the country’s external trade performance. The surplus reflects a 27.29 …

The Dangote Petroleum Refinery has received its second crude oil cargo from Ghana, marking another step in its gradual shift toward sourcing more West African and Nigerian crude grades. The …

Nigeria’s manufacturing sector generated N9.16tn in nominal terms in the third quarter of 2025, but industry leaders say the growth remains too weak to support broad economic development. The latest …

The Nigeria Customs Service, Federal Operations Unit (FOU) Zone A in Ikeja, Lagos, has revealed that it intercepted goods with a duty paid value of more than N10.1bn and arrested …

President Bola Ahmed Tinubu has expressed strong displeasure over the growing backlog of unpaid federal contractors and has set up a high-level committee to resolve funding delays and clear outstanding …

President Bola Ahmed Tinubu has formally transmitted the 2026–2028 Medium Term Expenditure Framework and Fiscal Strategy Paper to the House of Representatives for consideration and approval. The documents, which will …

The Central Bank of Nigeria has confirmed that all legacy Bureau De Change operators that failed to meet the new licensing requirements by 30 November 2025 have automatically lost their …