Lagos govt challenges export committee to make state Africa’s non-oil export hub
The Lagos State Government has tasked its Export Promotion Committee with intensifying efforts to establish the state as the premier…
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
CBN warns against poor handling of Naira notes amid rising costs
The Central Bank of Nigeria (CBN) has raised concerns over the increasing costs of printing and replacing naira banknotes due…
Nigeria loses N8.41tn to oil theft, metering errors in four years
Nigeria has lost crude oil valued at an estimated N8.41 trillion to theft and metering deficiencies between 2021 and July…
Borrowing not a sign of weakness, says FIRS chair Adedeji
ABUJA — The Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has asserted that borrowing should not…
CBN cuts benchmark rate to 27% after five-year pause
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has opted to cut the benchmark interest rate to 27 per cent, a decision that ends three straight pauses and marks the first policy easing of 2025.
Tinubu urges Africa to finance, control its mineral wealth at UNGA 80
President Bola Tinubu has called for a fundamental reform of the global financial systems governing Africa’s mineral resources. Speaking at…
Nigeria’s GDP grows 4.23% in Q2 2025, says NBS
Nigeria’s economy expanded by 4.23% year-on-year in the second quarter of 2025, according to the latest GDP report released by…
Investor activity in insurance stocks slows on NGX, with N1.41bn traded in one week
Trading activity in the insurance sector on the Nigerian Exchange Limited (NGX) slowed last week, with investors exchanging 481.1 million…
Ogun’s economy quadruples in six years, says Gov Abiodun
Governor Dapo Abiodun of Ogun State has said the state’s economy has quadrupled in the past six years, growing from…
Sanwo-Olu seeks strategic partnership with Georgia in infrastructure, healthcare, other sectors
Governor Babajide Sanwo-Olu of Lagos State has reaffirmed the state’s commitment to forging strategic partnerships with the US state of…