CBN projects inflation to ease to 12.94% in 2026 on lower fuel, food prices
The Central Bank of Nigeria (CBN) has projected that the country’s inflation rate will moderate to 12.94 per cent in…
Category: Economy
Latest Nigeria economy news and analysis on inflation, naira exchange rate, fuel prices, business trends, and government policies. Follow real-time updates on Nigeria’s economic growth, cost of living, trade, and financial markets
Naira gains nearly N100 against dollar in 2025 as Nigeria’s foreign reserves rise by $4.6bn
The Nigerian naira recorded a notable recovery in 2025, appreciating by nearly N100 against the United States dollar, while the…
NNPCL records N502bn profit after tax for November 2025 despite revenue dip
The Nigerian National Petroleum Company Limited (NNPCL) has announced a profit after tax (PAT) of N502 billion for November 2025,…
Euro black market rate surges to ₦1,750 as naira weakens – January 2, 2026
The Naira continues to face pressure in the foreign exchange market as the Euro trades at ₦1,750 on the black…
Naira under pressure as pound trades above ₦1,960 on black market – January 2, 2026
The British Pound Sterling continues to trade strongly against the Nigerian Naira, with a noticeable gap between the official exchange…
January 2, 2026: Naira trades at ₦1,435 official rate, ₦1,480 at black Market
The Nigerian naira recorded a mixed performance against the United States dollar today, as differences between the official foreign exchange…
Naira holds firm at official window despite parallel market premium
The Nigerian naira opened trading for 2026 on a steady footing at the official foreign exchange window, even as a…
Nigeria ripe for full economic recovery following bold reforms – Senate Leader Bamidele
As the nation transitions into the 2026 fiscal year, the majority leader of the 10th Senate, Opeyemi Bamidele, has declared…
“Tax reforms are solution, not problem” – Oyedele reassures airlines of relief under new laws
The Presidential Fiscal Policy and Tax Reforms Committee has issued a rebuttal to claims that Nigeria’s upcoming tax laws will…
Resign or be sacked: Tinubu issues ultimatum to Wale Edun
Fresh indications have emerged from the Presidential Villa suggesting that President Bola Ahmed Tinubu is considering a major shake-up within…