Nigeria Economy
Power Crisis Persists as Nigerians See No Relief Despite Government Promises
Two weeks after Nigeria’s Minister of Power, Adebayo Adelabu, assured citizens of improved electricity supply, many Nigerians across the country say the situation...
Tinubu Seeks Senate Approval for $6 Billion Loans to Fund Budget and Port Projects
President Bola Tinubu has formally written to the Nigerian Senate seeking approval to secure loans totaling $6 billion to address key economic priorities....
Naira Holds Firm Against Dollar Amid Strong Liquidity and Market Confidence
The Nigerian Naira demonstrated resilience against the United States Dollar in early trading on March 30, 2026, supported by strong liquidity conditions and...
Nigeria Targets Seven Percent GDP Growth To Reduce Poverty Minister Edun Says
The Minister of Finance and Coordinating Minister of the Economy, Mr Olawale Edun, has stated that Nigeria is targeting a seven percent annual...
Pound Strengthens Against Naira as New Trading Week Opens with Gains
The British Pound Sterling began the trading week on a strong note against the Nigerian Naira, highlighting ongoing fluctuations in global currency markets...
Peter Obi Says Aba Industry Can Rival Oil Revenue with Right Support
Former Anambra State Governor and Labour Party presidential candidate Peter Obi has stated that Nigeria’s garment and footwear industry in Aba, Abia State,...
SEC and VNL Capital Urge Strategic Investing Amid Global Uncertainty
The Securities and Exchange Commission Nigeria and VNL Capital Asset Management have advised investors to adopt disciplined and risk conscious strategies as they...
Dangote Refinery Blames Global Crude Market for High Petrol Prices in Nigeria
Management of the Dangote Refinery has attributed the persistent high cost of petrol in Nigeria to global market forces, despite the country’s growing...
Rail Passenger Revenue Surpasses Federal Government Target in 2025
Revenue generated from rail passengers in 2025 exceeded the Federal Government’s target, signaling gradual recovery and growth in Nigeria’s rail transport sector despite...
CBN Removes Cash Pool Rule for Oil Companies to Boost Forex Market
The Central Bank of Nigeria has officially removed the cash pool requirement previously imposed on export proceeds of International Oil Companies, marking a...
