Nigeria economy

Oil at US$100 gives Nigeria unexpected revenue boost
Happening Now

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
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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
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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

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

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
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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…
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