Nigeria’s Fuel Price Gamble: Cheaper Petrol, Uneven Relief
NNPC's move to lower fuel prices has raised questions about fair implementation and its impact on transport fares and food prices.
Economy
Nigeria’s Economic Might Fades Amidst Weak Naira and High Poverty Rate
Despite retaining its third position in Africa's largest economies, Nigeria struggles with a weak naira and a staggering 63% poverty rate.
Long-Term Investment Attracted by Nigeria’s Stability, According to CBN Governor
Governor of the Central Bank of Nigeria, Olayemi Cardoso, has stated that sustained macroeconomic stability, decreasing inflation, and confidence in policy direction will draw long-term investment into Nigeria,…
Nigeria’s Black-Owned Businesses Face a $131 Billion Funding Gap
A new report by BII and Swedfund highlights a significant funding gap for African businesses, with Nigeria facing the largest gap.
Nigeria’s Inflation Hits 2025 Low Despite Energy Price Hikes
Nigeria's inflation rate has surprisingly dropped to a level not seen since 2025, despite escalating energy prices. Here's a closer look.
Nigeria Launches Programme to Reduce Annual Wheat Imports by 7 Million Metrics Tons
The Nigerian government has unveiled a new programme aimed at reducing the country's annual wheat imports by 7 million metrics tons.
NIMENA Launches ECM Assessment for Nigeria’s Maritime and Energy Sectors
The Nigerian Maritime and Energy Economy (NIMENA) has embarked on an Environmental and Social Impact Assessment (ESIA) for Nigeria's maritime and energy sectors.
Price, Product Quality Test Nigerian Brand Loyalty
A recent survey by Independent Newspaper Nigeria reveals the extent of brand loyalty among Nigerian consumers, with price and product quality playing crucial roles.
IMF Boosts Forecast for Nigeria’s Economic Growth to 4.2%
The International Monetary Fund (IMF) has upgraded its forecast for Nigeria's economic growth for 2026 to 4.2%. The revised projection suggests a more robust economic recovery for the…
Agbakoba Proposes N400–N700 Petrol Price Amid LCCI’s Call for 20% Cut
Former Nigerian Bar Association president, Dr. Olisa Agbakoba, has suggested a petrol pricing model that could see prices ranging from N400 to N700, coinciding with the Lagos Chamber…
Ghosts of Past Subsidies Haunt Nigeria’s Petrol Discount Sale
A fresh analysis of Nigeria's petrol discount sale reveals the lingering impact of past subsidies, casting doubts on the government's current policy.
Business Activity Booms as Election and Festive Season Approach
Nigerian Economic Summit Group (NESG) reports a surge in business activity in September, driven by the upcoming elections and the holiday season.
World Bank Targets $5.79bn Private Investment for Nigeria’s Economic Growth
The World Bank has targeted $5.79bn in private investment for Nigeria's economic growth, according to multiple reports.
Delayed Petroleum Bill Cost Nigeria $235bn in Investments
A recent report by Punch Newspapers suggests that the delayed petroleum bill has cost Nigeria approximately $235bn in potential investments.
Nigerian Businesses: Strategic Vulnerability or Resilience Amid the Polycrisis Age
A new report by Punch Newspapers raises questions about the strategic preparedness of Nigerian businesses in the face of multiple crises.