Economic

Latest Economic News

CBN Orders Banks to Restrict Services for Major Loan Defaulters in Nigeria

The (CBN) has directed commercial banks across to impose strict restrictions on…

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Mbah Denies High Tax Claims in Enugu, Targets Illegal Revenue Collectors

Governor of has dismissed claims that residents are facing excessive taxation, describing…

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Naira Holds Steady Against Dollar as FX Market Remains Stable

The Nigerian currency, the , remained relatively stable against the on Friday,…

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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…

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Tinubu Nominates Lamido Yuguda as CBN Deputy Governor, Awaits Senate Confirmation

President has nominated as Deputy Governor of the (CBN), subject to confirmation…

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Nigeria’s Luxury Market Shifts From Status Symbols to Lifestyle Experiences

Nigeria’s luxury market is undergoing a major transformation as affluent consumers move…

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NNPC Cuts Petrol Price to ₦1,130 in Lagos, ₦1,165 in Abuja

  The has reduced the pump price of petrol at its retail…

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Middle East War Drives Transport Fare Hike, Generator Shutdowns Across Nigeria

  Rising global oil prices triggered by the ongoing Middle East conflict…

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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…

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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…

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