1+ hour, 57+ min ago   (377+ words) Nigeria’s foreign exchange utilisation rose sharply to $16.2bn in the first quarter of 2026, representing a 74 per cent increase from the same period a year earlier, as improved dollar supply and greater currency stability boosted activity across the economy. The latest figures,…...

1+ day, 11+ hour ago   (546+ words) The Federal Government has described Moody’s Ratings’ decision to revise Nigeria’s sovereign credit outlook from stable to positive as an external validation of the economic reforms implemented by the President Bola Tinubu administration. Oyedele said the latest assessment by the…...

1+ day, 21+ hour ago   (599+ words) FILE: President Bola Tinubu Moody’s Ratings has changed Nigeria’s credit outlook from stable to positive while affirming the country’s B3 long-term foreign and local currency issuer ratings. Positive outlook, the agency said, reflected improvements in Nigeria’s external position and stronger-than-expected economic…...

5+ day, 45+ min ago   (572+ words) Nigerian telco Globacom is marking its 23rd anniversary at a time when the industry is being reshaped by rising demand for mobile internet, forcing operators to compete increasingly on data capacity, network quality and digital services rather than voice connectivity alone....

5+ day, 18+ hour ago   (420+ words) Nigeria and several other African countries feature prominently among the world’s 60 poorest countries in a 2026 ranking by Global Finance magazine, based on GDP per capita at purchasing power parity. Burundi ranked as the country with the lowest GDP per capita…...

6+ day, 3+ hour ago   (446+ words) Nigeria is increasingly looking to deposit money banks to help close a $20.5bn financing gap in the electricity sector as the Federal Government struggles to mobilise the capital required to expand reliable power supply and accelerate renewable energy deployment. The funding…...

6+ day, 3+ hour ago   (514+ words) Nigeria’s internet data consumption rose 44 per cent in the 12 months to May, reaching a record 1.5 million terabytes, as consumers and businesses increased their reliance on digital services and data-intensive applications. Data from the Nigerian Communications Commission showed monthly data consumption…...

1+ week, 3+ day ago   (813+ words) FILE: The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele Members of the Organised Private Sector have commended the Federal Government for accounting for the savings from fuel subsidy removal and other reforms, but were not…...

1+ week, 3+ day ago   (330+ words) Addressing the gap between macroeconomic reforms and realities on the factory floor, Owojaiye acknowledged progress in the wider economy but noted that its benefits had yet to translate sufficiently into stronger consumer purchasing power and lower operating costs. “There is…...

1+ week, 3+ day ago   (733+ words) PricewaterhouseCoopers has projected that Nigeria’s economy will grow by 4.2 per cent in the second half of 2026, driven by stronger crude oil production and improved performance across key sectors. PwC, in its Strategy& H2 2026 Nigeria Economic Outlook obtained by The PUNCH, said…...