Higher fuel costs force firms in Nigeria to raise prices to 16-month high – Report
Nigeria’s private sector has maintained expansion in April 2026, but rising fuel costs driven by global tensions pushed firms to...
Foreign borrowing rises as 32 states, FCT got nearly $1 billion fresh loans
External debt owed by 32 Nigerian states and the Federal Capital Territory (FCT) rose by a combined $944.12 million in...
Cheapest and most expensive states to be a worker in Nigeria
As Nigerian workers mark Workers’ Day on May 1, the latest inflation data shows that the cost-of-living burden remains uneven...
PMI falls below 50 as Nigeria records first contraction in 16 months – Report
Nigeria’s economic activity slipped into contraction in April 2026 as the Purchasing Managers’ Index (PMI) fell to 49.4, marking the...
Nigeria records surge in foreign currency tax receipts to N6.33 trillion
Nigeria’s tax receipts from foreign currency-denominated payments rose to N6.33 trillion in 2025, highlighting the growing role of dollar-linked transactions...
Jollof cooking cost hits N30,435 as fuel shock hits households – Report
Nigeria’s average cost of cooking a pot of jollof rice for a family of five climbed to N30,435 in March...
Nigeria’s military spending jumps 55% to $2.1 billion amid worsening insecurity – Report
Nigeria’s military expenditure surged sharply in 2025, rising by 55% year-on-year to $2.1 billion, as worsening insecurity across the country...
CBN caps bank fees, mandates transparency in proposed guidelines
The Central Bank of Nigeria (CBN) has unveiled a draft of its revised ‘Guide to Charges by Banks and Other...
FG plans N700 billion bond sale in April as rates climb
The Federal Government, through the Debt Management Office (DMO), plans to raise N700 billion from the domestic debt market in...
Nigeria spends N16 trillion servicing debt in 2025
Nigeria’s total debt service rose to about N16 trillion in 2025, driven by higher domestic interest payments and sustained external...
