Nigeria Economy
FCCPC Begins Enforcement Against Non-Compliant Digital Lenders
The Federal Competition and Consumer Protection Commission (FCCPC) has started phased enforcement actions against digital money lending operators that failed to regularise their...
FG Allocates N206.5bn to Poverty Alleviation in 2026 Budget, Less Than 1% of Total Spending
The Federal Government has earmarked about N206.5bn for poverty alleviation-related projects in the 2026 budget, representing just 0.35 per cent of the proposed...
Purchasing Power Still Weak Despite Inflation Easing to 15.15% – LCCI
The Lagos Chamber of Commerce and Industry has said that Nigeria’s purchasing power has not fully recovered despite the easing of headline inflation...
FG Allocates N6.12bn for Judgement Debts in Proposed 2026 Budget
The Federal Government has proposed a total of N6.12bn for the settlement of judgement debts and related liabilities across three ministries in the...
Experts Urge FG to Sustain Reforms, Warn Against Policy Reversals Ahead of Elections
Economic experts have thrown their weight behind the International Monetary Fund’s cautionary stance on Nigeria’s reform agenda, warning the Federal Government against reversing...
ICAN Highlights Fragile Economic ilisation, Urges Accountability for Sustainable Growth
Nigeria’s economy is showing early signs of stabilisation, but progress remains fragile, the Institute of Chartered Accountants of Nigeria (ICAN) has warned, emphasising...
NBS Rebases CPI, Updates Basket to Reflect Modern Nigerian Consumption
The National Bureau of Statistics (NBS) has overhauled its Consumer Price Index (CPI), removing outdated consumption items and adding new products to reflect...
Economic Uncertainty, Supply Chain Disruptions Stall Real Estate Projects – Report
A 2025 Nigeria Real Estate Report by Ubosi Eleh & Co. has identified economic uncertainty and persistent supply chain disruptions as major factors...
FG Allocates N6.04bn to Salaries for Dormant Ajaokuta Steel Company in 2026 Budget
The Federal Government has earmarked N6.04 billion for personnel costs at the Ajaokuta Steel Company Limited (ASCL) in the 2026 budget, despite the...
FG Reviews Tariff Policies to Boost Local Production, Protect Industries
The federal government has initiated a strategic review of Nigeria’s tariff policies to encourage local production, safeguard domestic industries, and reduce the cost...
