Nigeria economy
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…
SMEDAN says trust is holding back Nigeria’s MSMEs
Happening Now
April 28, 2026
SMEDAN says trust is holding back Nigeria’s MSMEs
Nigeria’s small business sector sits at the centre of the economy, yet a large share of its operators are still…
Nigeria lowers import tariffs on palm oil in new fiscal policy shift
Business
April 13, 2026
Nigeria lowers import tariffs on palm oil in new fiscal policy shift
The Federal Government has reduced import tariffs on crude palm oil to 28.75 percent from 35 percent, marking a 17…
The amazons rocking the Nigerian oil and gas sector
Business
March 16, 2026
The amazons rocking the Nigerian oil and gas sector
The Nigerian oil and gas sector has been seen as a tough, male-dominated space. The boardrooms are usually filled with…
FG extends raw shea nut export restriction for one year
Happening Now
February 26, 2026
FG extends raw shea nut export restriction for one year
Nigeria’s restriction on the export of raw shea nuts will remain in place for another year, following fresh approval by…
Weak demand leaves manufacturers with ₦1.8 trillion worth of unsold goods
Business
February 9, 2026
Weak demand leaves manufacturers with ₦1.8 trillion worth of unsold goods
Nigeria’s manufacturing sector is under pressure as weak consumer demand and rising production costs push finished goods and raw material…
Importers overtake local refineries, deliver 62% of petrol supply in 2025
Business
January 19, 2026
Importers overtake local refineries, deliver 62% of petrol supply in 2025
Despite growing conversations about local refining and fuel self-sufficiency, a greater percentage of the petrol consumed in Nigeria in 2025…
Nigeria’s inflation rate falls to 14.45% in November, NBS data shows
Happening Now
December 16, 2025
Nigeria’s inflation rate falls to 14.45% in November, NBS data shows
Nigeria’s inflation rate picture continued to soften in November, but fresh data shows that price pressures remain uneven beneath the…
Car imports rebound as Nigeria hits ₦1.01tn in nine months
Business
December 15, 2025
Car imports rebound as Nigeria hits ₦1.01tn in nine months
Nigeria’s passenger motor car imports staged a notable recovery in 2025, rebounding to ₦1.01tn in the first nine months of…