Economy

Dangote Refinery’s Dominance Sparks Monopoly Concerns in Nigeria’s N14.4tn Petrol Market

by Akpan Edidong

March 12, 2026

Home Category Economy

Economy

13 days to the expiration of old naira, scarcity of the new notes persists.

Currencies

CBN’s Cash Limit Revisions Fuel Naira Flow Chaos, Drawing Outrage from Businesses and Experts

December 4, 2025

In a move hailed by some as a pragmatic thaw but decried by many as a reckless gamble, the Central...

FEC Approves Restructuring and Rationalization of Federal Government Agencies

Healthy Eating Now Costs Nigerians ₦1,611 Daily as Food Prices Surge 27% in One Year

by Akpan Edidong

The National Bureau of Statistics (NBS) has revealed that the average cost of putting together a healthy diet for one...

World Bank Approves $500m Loan for Tinubu to Drive Women’s Empowerment in Nigeria

Nigerian Contractors Block Finance Ministry Gates Again, Demand Immediate Payment of Over ₦500bn Debt

by Victoria Attah

Hundreds of local contractors stormed the Federal Ministry of Finance in Abuja on Tuesday morning, barricading both entrances and vowing...

Naira Steadies on Parallel Market as CBN Clears Backlog

CBN Tightens Cash Withdrawal Limits, Scraps High-Value Special Permits from January 2026

The Central Bank of Nigeria (CBN) has announced a major overhaul of nationwide cash withdrawal rules, abolishing the special monthly...

CBN bans foreign bank representative offices from engaging in banking business in Nigeria..

CBN Drafts Tough New Rules to Shield Nigerians from Authorised Push Payment Scams

The Central Bank of Nigeria (CBN) has moved to tackle the surge in “authorised push payment” (APP) fraud by releasing...

NEC Affirms CBN $3 Billion Loan for Naira Stability

Capital Inflow Surges to $14.8bn in 2025 as FDI Share Falls Loses Momentum

by Jide Omodele

Nigeria pulled in an impressive $14.78 billion in foreign capital between January and August 2025, more than double the $6.83...

IMF Lists Top 10 African Nations with Highest Debt Burdens

Nigeria’s Economy Expands 3.98% in Q3 2025 as Non-Oil Sectors Drive 96% of Growth

Nigeria’s economy grew by 3.98% year-on-year in the third quarter of 2025, the National Bureau of Statistics (NBS) reported on...

Debt Burden Crosses N152 Trillion as Domestic Borrowing Outpaces External Obligations

by Victoria Attah

Nigeria’s total public debt stock breached the N152-trillion mark for the first time, reaching N152.39 trillion at the end of...

Naira Scarcity Grips Nigeria Despite Central Bank’s Assurances

Currencies

Naira Ends November Weaker at N1,446.90 per Dollar Despite CBN’s Aggressive Rate Hikes

The Nigerian naira closed the month of November on a softer footing, exchanging at N1,446.90 to the US dollar on...

NNPCL Reports Record Profit of N2.548tn, Uncovers 52 Illegal Refineries