News
Oil windfall, domestic pain
1+ hour, 59+ min ago (310+ words) March 27, 2026 by The Nation "Sir: The geopolitical conflict involving Iran, Israel and United States has once again reminded the world how fragile global energy markets can be. The conflict has disrupted shipping activity through the strategically vital Strait of Hormuz,…...
CBN targets single-digit inflation, stable exchange rate
3+ hour, 38+ min ago (521+ words) March 27, 2026 by The Nation The Central Bank of Nigeria has unveiled its monetary policy agenda for 2026, with a focus on bringing inflation down to single-digit, stabilising the exchange rate, and strengthening the country's financial system. "The bank's Governor,"Olayemi Cardoso,…...
FG plans against global shocks to protect Nigeria's economy
9+ hour, 58+ min ago (324+ words) March 26, 2026 by The Nation The Federal Government has said it is closely monitoring the fighting in the Middle East and other global troubles to ensure they do not crush the Nigerian economy. Speaking at a meeting organized by J.P. Morgan in…...
Nigeria's total capital importation hit $6.4b in Q4 2025
17+ hour, 40+ min ago (221+ words) March 26, 2026 by The Nation The National Bureau of Statistics (NBS) has said the Nigeria's total capital importation hit $6.443 billion in the fourth quarter of 2025. The importation was an indication of 26.16 per cent rise over the $5.089 billion recorded in the Q4 2024. This…...
Urban Inflation And The Changing Lagos Basket
1+ mon, 3+ week ago (395+ words) February 2, 2026 by The Nation Lagos is a city that edits its shopping list in real time. As transport, power and food costs climb, households do not simply buy less of everything. They reshuffle, protect a core set of must-haves and…...
Food prices in Lagos, others ease
2+ mon, 1+ day ago (430+ words) January 26, 2026 by The Nation Food price pressures are showing early signs of easing this January as the country moves into a year although relief remains uneven and fragile, with key staples such as rice and eggs still climbing, according to…...
How Nigeria can achieve ICT's 21% GDP target – MTN boss
6+ mon, 2+ week ago (684+ words) September 7, 2025 by The Nation Nigeria's ambition to raise the contribution of Information and Communications Technology (ICT) to 21 percent of Gross Domestic Product (GDP) by 2027 will depend on policy stability, investor confidence, and flexible tariff regimes, MTN Nigeria's Chief Executive Officer,…...
Africa’s top 10 richest families controlling billions in 2026
1+ mon, 4+ day ago (538+ words) February 22, 2026 by The Nation From industrial giants in Nigeria to luxury conglomerates in South Africa, and telecom and construction empires in Egypt, these dynasties control vast assets that create jobs, deepen infrastructure, and drive growth across key sectors. Here are…...
‘Hosting IATF shows Lagos’ strength as economic hub’
6+ mon, 2+ week ago (664+ words) September 8, 2025 by Our Reporter "Minister of Trade and Investment Dr. Jumoke Oduwole (left) and Mrs. Bada-Ambrose holding the IATF flag in Algiers, Algeria, as a symbolic nomination of Lagos to host the 2027 IATF AfCFTA Marketplace" at the weekend. Lagos State…...
‘Middle East crisis could trigger inflation’
1+ week, 1+ day ago (593+ words) March 18, 2026 by Kelvin Osa Okunbor A" Senior Market Analyst- Africa at FXTM Academy, Matthew Anthony has raised concerns on how the crisis in the Middle East could send shock waves across global markets with possibilities of stoking fresh inflationary triggers…...