Tag
NIGERIA ECONOMY
The Nigerian currency continued its bullish trend against the British pound due to Nigeria's strengthening economic fundamentals.
Nigeria’s current account surplus is projected to widen to $8.69 billion in the third quarter of 2026 from $7.54 billion recorded in the second quarter, the Financial Markets Dealers Association (FMDA) has said, citing lower import demand and persistently elevated crude oil prices.
The World Bank has raised Nigeria’s 2026 economic growth forecast to 4.3% from 4.0% in 2025, with growth...
Nigeria rose four places to eighth in the 2026 Bloomberg Economics Investment Risk-O-Meter, overtaking Rwanda, Tanzania, Kenya and Namibia as.
Nigeria’s formal financial inclusion rose to 73% in 2026, exceeding the 70% target under the National Financial Inclusion Strategy (NFIS), yet only 30.7% of formally included adults are financially healthy, leaving approximately 60.4 million adults financially vulnerable or merely coping.
Nigeria’s composite Purchasing Managers’ Index (PMI) rose to 53.0 points in September 2026, marking the fourth consecutive month of expansion in overall economic activity.
By headcount, Nigeria is Africa's largest country, with about 243 million people. By market size, it remains one...
President Bola Tinubu has declared that Nigeria has moved beyond the difficult phase of economic reforms and entered what he described as an “age of prosperity”, with the government now focused on lowering the cost of living, creating jobs and expanding economic opportunities.
Nigeria’s subnational governments generated a combined N5.15 trillion in Internally Generated Revenue (IGR) in 2025, representing a 40.93% increase from the N3.65 trillion recorded in 2024.
Recently, we saw crude oil prices dip below $60 per barrel, a sharp drop from over $65 earlier...
The Central Bank of Nigeria (CBN) has reported a 39% increase in inflows through International Money Transfer Operators (IMTOs) for the first quarter of 2024 compared to the same period in 2023.
President Bola Tinubu said Nigeria’s economy is flawed because of its reliance on exploitation of oil revenues alone.