Economy
World Bank Downgrades Nigeria’s 2026 Growth Forecast to 4.1%
The World Bank has lowered its economic growth projection for Nigeria in 2026 to 4.1%, citing the combined impact of...
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Poverty Rate Climbs to 63% in 2025 Despite Sharp Drop in Inflation – World Bank
Nigeria’s poverty rate increased to 63% in 2025, equivalent to about 140 million people living below the poverty line, even...
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Naira Strengthens to N1,365 per Dollar as US Dollar Heads for Weekly Loss
The Nigerian naira appreciated to N1,365 per US dollar on Thursday, March 9, 2026, extending gains amid a broader global...
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World Bank Affirms Nigeria’s Economic Growth Remains on Track Despite Iran Conflict.
The World Bank has maintained that Nigeria’s economic growth trajectory remains intact for the first half of 2026, even as...
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Remittance Outflows Drop 36% to N1.22 Billion in 2025 as Economic Reforms Take Effect
Nigeria recorded a significant decline in remittance outflows in 2025, with total international payments falling by 36.09% to N1.22 billion...
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Dangote Refinery Raises Petrol Price to N1,275 and Diesel to N1,950 per Litre
Dangote Petroleum Refinery has increased its gantry prices for Premium Motor Spirit (petrol) and diesel, citing the impact of rising...
Read moreNaira Weakens to N1,389 per Dollar as External Reserves Decline by $850 Million in Three Weeks
The Nigerian naira depreciated to N1,389 per US dollar on Tuesday, March 31, 2026, amid a noticeable decline in the...
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FG Allocates N135.22 Billion for Post-Election Law Suits in 2026 Budget
The Federal Government has set aside N135.22 billion in the 2026 Appropriation Bill for what it described as “Electoral Adjudication...
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FG Increases 2026 Borrowing Plan to N29.20 Trillion as Fiscal Deficit Widens
The Federal Government has raised its projected borrowing requirement for 2026 to N29.20 trillion, reflecting a significant expansion in the...
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Nigeria’s External Reserves Drop $850 Million in Three Weeks as Election Spending Persist
Nigeria’s foreign exchange reserves have declined by approximately $850 million over the past three weeks, falling from $50.03 billion on...
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