Nigeria economy
NESG report shows renewed private sector momentum
Happening Now
August 6, 2026
NESG report shows renewed private sector momentum
Nigeria’s private sector recorded its strongest performance in five months in July, signalling renewed momentum across agriculture, manufacturing, services and…
NLNG exports 6,000 cargoes, earns US$150 billion
Happening Now
July 29, 2026
NLNG exports 6,000 cargoes, earns US$150 billion
Nigeria’s biggest gas company has crossed another major milestone. After generating US$150 billion in revenue and exporting more than 6,000…
Cash outside banks falls to seven-month low as Nigerians return more money to the banking system
Happening Now
July 28, 2026
Cash outside banks falls to seven-month low as Nigerians return more money to the banking system
Nigeria is a country where cash still dominates everyday transactions, but more Nigerians are beginning to take their money back…
Oil at US$100 gives Nigeria unexpected revenue boost
Happening Now
July 24, 2026
Oil at US$100 gives Nigeria unexpected revenue boost
Nigeria could receive a significant boost to government revenue after international crude oil prices climbed above US$100 per barrel for…
World Bank: Reforms yet to lift most Nigerians out of poverty
Happening Now
July 17, 2026
World Bank: Reforms yet to lift most Nigerians out of poverty
Nearly three years after the Federal Government introduced sweeping economic reforms, the World Bank says most Nigerians have yet to…
IMF: Rising essentials may push more Nigerians into poverty
Happening Now
July 9, 2026
IMF: Rising essentials may push more Nigerians into poverty
Nigeria’s economy may continue to expand over the next two years, but rising prices of food, energy and other essential…
Businesses stay optimistic, but rising costs continue to slow growth
Business
July 6, 2026
Businesses stay optimistic, but rising costs continue to slow growth
Nigeria’s private sector continued to grow in June, but businesses are finding it increasingly difficult to sustain momentum as high…
What Dangote’s jet fuel exports to Europe mean for Nigeria’s economy
Business
July 6, 2026
What Dangote’s jet fuel exports to Europe mean for Nigeria’s economy
Nigeria’s rise as Europe’s largest external supplier of jet fuel is more than a milestone for the Dangote Petroleum Refinery.…
Manufacturers warn new sugar tax could erase ₦2.8 trillion from Nigeria’s economy
Happening Now
June 10, 2026
Manufacturers warn new sugar tax could erase ₦2.8 trillion from Nigeria’s economy
The Manufacturers Association of Nigeria (MAN) has warned that a proposed change to the country’s sugar-sweetened beverage tax regime could…
Nigeria’s trade surplus jumps 341%, but oil still holds the key
Happening Now
June 9, 2026
Nigeria’s trade surplus jumps 341%, but oil still holds the key
Nigeria began 2026 with a surprisingly strong trade performance as the country’s merchandise trade surplus surged to ₦7.55 trillion in…
Manufacturers lead Nigeria’s business recovery as agriculture contracts
Happening Now
June 4, 2026
Manufacturers lead Nigeria’s business recovery as agriculture contracts
Nigeria’s business environment showed signs of improvement in May 2026, with manufacturers recording their strongest performance in months as consumer…
Nigeria records strong export growth as non-oil sectors expand
Business
May 4, 2026
Nigeria records strong export growth as non-oil sectors expand
In the first quarter of 2026, the country recorded a noticeable rise in export activity, with total exports climbing to…