Nigeria economy

Manufacturers warn new sugar tax could erase ₦2.8 trillion from Nigeria’s economy
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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
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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
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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

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
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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

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

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
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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

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

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
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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

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…
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