Economy
News and analysis on the Nigerian economy
Nigeria’s Economic growth to hit 3.6% in 2025, driven by Dangote Refinery, policy reforms – Afreximbank
Nigeria’s economy is expected to grow at a faster pace, with real GDP projected to rise from 3.0% in 2024...
Read moreDetails
Nigeria’s trade exports hit $50.4 billion as exchange rate depreciation and fuel subsidy removal boost trade balance
Nigeria’s total trade exports surged to $50.4 billion in 2024, driven by exchange rate depreciation and the elimination of fuel...
Read moreDetails
Lagos state faces $29 billion climate cost as climate crisis threatens infrastructure, food shortages
As a coastal megacity with over 27 million residents, Lagos is increasingly vulnerable to rising sea levels, coastal erosion, and...
Read moreDetails
Jigawa earmarks N90 billion for social welfare programmes, strengthens UNICEF partnership
The Jigawa State Government has allocated N90 billion for social welfare programmes in the 2025 fiscal year as part of...
Read moreDetails
Reps pass Insurance Reform Act 2024 to protect interests of policyholders in Nigeria
The House of Representatives has passed the Nigeria Insurance Industry Reform Act, 2024, establishing a comprehensive legal and regulatory framework...
Read moreDetails
Trump threatens 200% tariff on European alcohol amid trade war escalation
President Donald Trump on Thursday threatened to impose a massive 200% tariff on European alcoholic beverages in response to the...
Read moreDetailsReps committee adopts Tax Reform Bills as a working document, maintains VAT at 7.5%
Nigeria's Value Added Tax (VAT) of 7.5% will remain unchanged as the House of Representatives has adopted the Tax Reform...
Read moreDetails
Finance ministry urges MOFI to ensure transparency in asset valuation and management
The Ministry of Finance Incorporated (MOFI) has been tasked with developing and submitting a comprehensive roadmap for the remuneration and...
Read moreDetails
Nigeria must hedge against US-China trade war – NESG warns
The Nigerian Economic Summit Group (NESG) has raised concerns over the ongoing trade war between the United States and China,...
Read moreDetails
Canada imposes 25% tariffs on $20 billion worth of U.S. goods in retaliation to Trump’s aluminum duties
Canada announced on Wednesday that it will impose 25% tariffs on more than $20 billion worth of U.S. goods in...
Read moreDetails
