Economy

Nigeria’s reliance on imported transport equipment and spare parts intensified in 2025, with the country spending about N6.54 trillion on...

Nigeria’s import trade in the fourth quarter of 2025 remained heavily concentrated among a small group of countries, reflecting the...

The United Nations Office for the Coordination of Humanitarian Affairs (UN-OCHA) has secured $8.7 billion in funding and pledges for its 2026...

The Federal Government has reaffirmed its commitment to market-based petrol pricing, saying it will not introduce price controls despite rising...

Nigeria’s spending on the importation of food and beverage products surged to N7.65 trillion in 2025, highlighting the country’s increasing...

Nigeria spent $5.21 billion on external debt service in 2025, accounting for over 72% of the country’s total international payments,...

Nigeria’s importation of textiles and textile-related products surged to N1.06 trillion in 2025. 

Nigeria’s non-oil exports rose significantly in 2025, reaching N12.36 trillion between January and December. 

The Federal Government has indicated it may recalibrate economic policies if the escalating geopolitical tensions in the Middle East begin...

The Central Bank of Nigeria has introduced new technology-driven regulations requiring banks and other financial institutions to deploy automated anti-money...