3+ hour, 10+ min ago   (230+ words) Senator Orji Uzor Kalu, who represents Abia North Senatorial District, has identified the high price of fuel and the naira’s exchange rate against the dollar as the two major problems crippling Nigeria’s economy. Kalu made the remarks on Monday during…...

1+ week, 5+ hour ago   (207+ words) Arise Television anchor, Rufai Oseni, has cast doubt on Nigeria’s latest inflation statistics, disputing the National Bureau of Statistics’ (NBS) report that headline inflation fell to 15.43 percent in July 2026. Speaking on The Morning Show on Tuesday, Oseni argued that the…...

2+ week, 1+ day ago   (350+ words) The Chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, has said Nigeria’s petrol subsidy bill could have risen to about ₦53 trillion, with the exchange rate weakening to ₦3,500 to the dollar, if the subsidy had not been removed. Adedeji made…...

2+ week, 5+ day ago   (460+ words) In a statement on Wednesday, Onanuga attributed the improved corporate earnings to major reforms such as the unification of the foreign exchange (FX) market, removal of petrol subsidy, banking sector recapitalisation, tax reforms, and approvals of major oil and gas…...

3+ week, 5+ day ago   (599+ words) Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says interest rates will moderate over time as ongoing economic reforms deepen, expressing optimism that commercial banks will expand lending to small and medium enterprises (SMEs). Cardoso spoke on Wednesday…...

1+ mon, 3+ day ago   (279+ words) Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the country’s gross external reserves rose to $52.52 billion as of July 17, 2026, up from $50.47 billion at the end of May. Speaking on Tuesday while briefing journalists after the monetary policy…...

1+ mon, 3+ day ago   (482+ words) The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has again retained the monetary policy rate (MPR) at 26.5 percent. Olayemi Cardoso, CBN’s governor, announced the committee’s decision at a press conference on Tuesday after the panel’s 306th meeting…...

1+ mon, 4+ day ago   (514+ words) Oyedele spoke on Monday while briefing the senate committee on finance on the state of the nation’s economy. The minister was responding to questions from Adamu Aliero, senator representing Kebbi central, on claims that the current administration had borrowed about…...

1+ mon, 2+ week ago   (457+ words) The International Monetary Fund (IMF) has retained Nigeria’s economic growth forecast at 4.1 percent for 2026, but warned that higher prices for essential commodities will worsen poverty and food insecurity. In its July 2026 World Economic Outlook (WEO) Update released on Wednesday, the…...

1+ mon, 3+ week ago   (512+ words) The economic performance pillar assesses factors such as domestic economic activity, international trade and investment, employment, and prices. Analysis of the IMD data indicated that Nigeria achieved a score of 45.2 points, ranking 55th worldwide. This puts Nigeria ahead of five other…...