Nigeria Economy
Tinubu Seeks Senate Approval for $516 Million Loan for Sokoto Badagry Highway
President Bola Tinubu has formally written to the Senate, requesting approval to secure a fresh loan of 516,333,070 dollars to support infrastructure development....
Foreign Investment Inflows Surge on NGX Amid Rising Capital Outflows
The Nigerian Exchange Limited recorded a notable shift in foreign investment activity in the first quarter of 2026, as inflows rose sharply by...
Nigerian SMEs Rethink Idle Cash as Fintechs Turn Business Accounts Into Earning Tools
For years, small business owners across Nigeria have treated their business accounts as simple holding spaces. Money comes in, expenses go out, and...
Nigeria Pension Funds Increase Exposure to Government Securities Amid Rising Yields
Pension assets invested in Federal Government of Nigeria debt instruments recorded a significant increase, rising by 16.9 percent year on year to N16.925...
BOI, RMRDC Partner to Boost Agro Value Chain and Drive Economic Growth
The Bank of Industry and the Raw Materials Research and Development Council have entered into a strategic partnership aimed at strengthening Nigeria’s agricultural...
Nigeria Exports 55.39 Million Barrels of Crude as Dangote Refinery Faces Supply Shortage
Nigeria exported a total of 55.39 million barrels of crude oil in the first two months of 2026, even as domestic refiners, including...
Hormuz Strait Closure Dashes Hopes of Petrol Price Drop in Nigeria
The decision by Iran to reclose the Strait of Hormuz has dealt a major blow to expectations of a significant reduction in fuel...
APC Defends Tinubu’s Reforms, Accuses Critics of Spreading Misinformation
The All Progressives Congress has strongly pushed back against critics, accusing opposition figures of attempting to undermine the achievements of Bola Tinubu through...
Airlines Threaten Shutdown Over Surge in Jet Fuel Prices
The Airline Operators of Nigeria has warned that domestic airlines may suspend operations nationwide from April 20, 2026, citing an alarming rise in...
Customs Intercept N98 Million Worth of Contraband in Adamawa and Taraba
The Adamawa and Taraba Command of the Nigeria Customs Service has reaffirmed its zero tolerance stance against smuggling, announcing the seizure of contraband...
