The National Economic Council (NEC) has approved a 90-day economic action plan aimed at reducing the cost of living, making food more affordable and attracting investment, as the Federal Government

JPMorgan Chase has moved a step closer to establishing a licensed banking operation in Nigeria after depositing ₦50 billion with the Central Bank of Nigeria (CBN), a major regulatory requirement

Nigeria’s naira could strengthen further against the US dollar, with Deutsche Bank identifying the currency as undervalued and adding the country to its frontier foreign exchange monitor. The German lender

Nigeria’s insurance companies are awaiting the release of about N300 billion held in escrow accounts as the Central Bank of Nigeria (CBN) begins due diligence to verify the funds following

Maritime stakeholders have urged the Federal Government to translate existing shipping policies into practical results, calling for stronger indigenous participation, improved seafarer training and reforms capable of making Nigeria more

Nigeria’s oil sector utilised $2.15bn in foreign exchange between January and June 2026, representing an 18.7 per cent decline from the $2.64bn recorded in the corresponding period of 2025, despite

The Human Rights Writers Association of Nigeria (HURIWA) has urged the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, to focus on easing economic hardship rather than

Coastal community leaders have urged President Bola Tinubu to reconsider the reported diversion of the Lagos-Calabar Coastal Highway away from parts of the coastline, warning that the change could deprive

Residents of Talasse in Balanga Local Government Area of Gombe State are set to gain access to electricity after 17 years without connection to the national grid, following the commissioning

Nigeria’s tax authority collected N3.70 trillion in August 2026, with petroleum royalties delivering nearly N1 trillion and exceeding the monthly target by N318 billion, according to figures presented at a

Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has said Nigeria’s fiscal crisis forced policymakers to explore alternative sources of revenue and foreign exchange, warning that dependence on oil earnings

Nigeria’s foreign exchange reserves climbed to $58.81 billion on October 12, moving close to their highest level in nearly 18 years after a sharp increase in the country’s dollar holdings

The World Bank Group is seeking to mobilise up to $5.79 billion in private financing for Nigeria in the 2026 fiscal year, targeting investments in agriculture, telecommunications, digital infrastructure and

The International Monetary Fund (IMF) has warned Nigeria against restoring petrol subsidies, urging the Federal Government to focus on targeted assistance for vulnerable households as high fuel prices continue to

Nigeria’s economic recovery is yet to translate into affordable living conditions for millions of households, prompting the International Monetary Fund (IMF) to call for targeted cash transfers to cushion the

Nigeria has climbed four places to rank eighth among Africa’s most investable economies, emerging as the continent’s biggest climber in the 2026 Bloomberg Economics Investment Risk-O-Meter. The latest assessment, published

The Nigerian National Petroleum Company Limited (NNPC) has extended its petrol discount at retail stations nationwide until October 31, 2026, offering motorists additional relief from rising fuel costs amid surging

The Lagos State chapter of the All Progressives Congress (APC) has taken a swipe at opposition leaders, including former Vice-President Atiku Abubakar and allies of Peter Obi, over their criticism

A Federal Ministry of Finance official has told the Federal Capital Territory High Court in Abuja that the ministry and the Office of the Accountant-General of the Federation were unaware

The Nigerian National Petroleum Company Limited (NNPC Ltd) says it incurred about ₦11.2 trillion in costs related to the protection of Nigeria’s oil and gas assets in 2025 on behalf