Economy

Nigeria’s private sector returned to expansion in February, as the Stanbic IBTC Bank Purchasing Managers’ Index rose to 53.2 from...

A few major states account for a large chunk of Nigeria’s debt profile, yet some others continue to maintain low...

Nigeria’s net foreign exchange reserves rose to $34.80 billion at the end of 2025, marking a sharp improvement in the country’s external...

Nigeria may struggle to fully capitalize on rising oil prices triggered by escalating tensions in the Middle East, as global...

The Federal Government has commenced the implementation of Executive Order 9 of 2026, which mandates the direct remittance of oil revenues into...

While the effect of the escalation is still unfolding, it is important to examine what this action means for the...

The Federal Government has signed a $1.3 billion investment partnership with the Africa Finance Corporation (AFC) to develop an alumina...

Economic activities in the telecommunication industry boosted the contribution of the Information and Communication Technology (ICT) sector to the nation’s...

Nigeria’s manufacturing sector accounted for 8.05% of real GDP in 2025, down from 8.24% recorded in 2024. 

Nigeria’s finance and insurance sector recorded a 14.54% growth rate in 2025, representing a sharp increase from the 2.95% growth...