Latest Economic News
Naira Holds Steady Against Dollar as FX Market Remains Stable
The Nigerian currency, the , remained relatively stable against the on Friday,…
Nigeria’s Food Import Bill Hits N7.65 Trillion as Local Production Struggles
Nigeria spent ₦7.65 trillion on food and beverage imports in 2025, highlighting…
Tinubu Nominates Lamido Yuguda as CBN Deputy Governor, Awaits Senate Confirmation
President has nominated as Deputy Governor of the (CBN), subject to confirmation…
Nigeria’s Luxury Market Shifts From Status Symbols to Lifestyle Experiences
Nigeria’s luxury market is undergoing a major transformation as affluent consumers move…
NNPC Cuts Petrol Price to ₦1,130 in Lagos, ₦1,165 in Abuja
The has reduced the pump price of petrol at its retail…
Middle East War Drives Transport Fare Hike, Generator Shutdowns Across Nigeria
Rising global oil prices triggered by the ongoing Middle East conflict…
FG Launches $500m SPIN Project with World Bank to Boost Irrigation, Power and Food Security
The has launched a $500 million development initiative aimed at improving…
Petrol Consumption Falls to 56.9m Litres Daily as Dangote Refinery Boosts Domestic Supply
Nigeria’s average daily consumption of Premium Motor Spirit (PMS), commonly known…
FG Begins Evacuation of Nigerians from Iran as Middle East Conflict Escalates
The has begun evacuating Nigerians who wish to leave as tensions…
Dangote Refinery Cuts Petrol Price to ₦1,075/Litre as Global Crude Oil Falls to $88
The has reduced its ex-gantry price of petrol to ₦1,075 per…