Nigeria Economy
Experts Warn World Bank Fuel Import Advice Could Undermine Nigeria’s Energy Independence
Energy experts have strongly criticised recent recommendations by the World Bank urging Nigeria to deepen fuel importation and fully liberalise its downstream petroleum...
CPPE Rejects World Bank Call for Increased Imports, Warns of Economic Risks
The Centre for the Promotion of Private Enterprise has strongly opposed a recommendation by the World Bank urging Nigeria to increase the importation...
Oyedele Denies Admitting Errors in Nigeria’s Tax Reform Laws
The Minister of State for Finance, Taiwo Oyedele, has dismissed reports claiming he admitted flaws in Nigeria’s newly introduced tax reform laws, describing...
Nigerian Navy Arrests Two Vessels with Stolen Crude Worth Over N4 Billion
The Nigerian Navy has intensified its crackdown on crude oil theft with the arrest of two vessels, MT Mkpodu and MT Westaf AF,...
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,...
