Army, police officers detained over weapon sales to armed groups
Nigerian military has arrested over 40 individuals, including 18 soldiers, 15 police officers, and eight civilians, in connection with a…
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
Moody’s upgraded Nigeria’s credit rating from ‘Caa1’ to ‘B3’
In a significant vote of confidence, global credit ratings giant Moody’s has upgraded Nigeria’s sovereign credit rating from Caa1 to…
Africa can be global mineral powerhouse – Okonjo-Iweala
Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation (WTO), has called on African governments to adopt strategic policies that could…
Emefiele faces new EFCC charges over ₦7B property deals
Once hailed as one of Nigeria’s most influential economic technocrats, Godwin Ifeanyi Emefiele, the former Governor of the Central Bank…
Nigeria, ECOWAS move to accelerate work on Abidjan–Lagos highway project
Nigeria has teamed up with the ECOWAS Parliament to accelerate progress on the ambitious Abidjan–Lagos highway project, a critical infrastructure…
Tinubu signs order to cut oil costs, boost investor confidence
President Bola Tinubu has signed a new Executive Order aimed at reducing operational expenses in Nigeria’s oil and gas sector…
Tinubu applauds Tah’s emergence as AfDB President
President Bola Tinubu has congratulated President Mohamed Ould Cheikh El Ghazouani of Mauritania following the election of Sidi Ould Tah…
Sidi Ould Tah of Mauritania replaces Adesina as new AfDB President
Mauritania’s former Minister of Economic Affairs, Sidi Ould Tah, has been elected the new President of the African Development Bank…
Tinubu: Fuel subsidies, corrupt FX crippled Nigeria for decades
President Bola Tinubu has disclosed that fuel subsidies, along with the corruption-laden multiple foreign exchange windows, had long acted as…
Fuel subsidy removal: Two years after – gains, pains, what comes next?
On May 29, 2023, President Bola Tinubu, in his inaugural speech as President of the Federal Republic of Nigeria, made…