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Finance & Economy - Page 146

Rebasing Nigeria's GDP Inflation and Impact on Economy

Business·FEATURES·Finance & Economy·Nigeria·Top Stories

9 Economic Signals Investors Are Watching in Nigeria Right Now

Nigeria’s economy is showing signs of recovery as of March 2026, following reforms introduced in 2023. Q4 2025 GDP growth hit 4.07%, while inflation has eased for ten consecutive months, reaching 15.1% in January 2026. Investors are keeping a close eye on

March 10, 2026

Christmas: Nigerians Slash Budget For Rice, Other Items As Costs Hit Harder

Agro-Economy·Business

Local Rice Prices Skyrocket By 73.2% Despite Govt Support, Farmers Dispute Inflation Figures

The price of locally produced rice in Nigeria has surged by a 73.2% in just one year, despite efforts by the Central Bank of Nigeria to bolster the rice value chain. This rise, which contradicts the aim of reducing importation, has seen

January 4, 2024

NNPC, Oil Marketers Disagree Over Fuel Subsidy Regime Contract

Business·Oil & Gas

How Fuel Subsidy Removal Forced Many Marketers Out Of Business – IPMAN

IPMAN voiced its concern over the crippling effects of President Bola Tinubu's removal of fuel subsidies, highlighting the immense financial strain on their members.

January 4, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency

Naira Falls To N1,035/$1, As Depreciation Persists

The Nigerian Naira encountered a steep fall, culminating in a close at N1,035.12 per dollar in the official market on January 3, 2024, indicating a 4.72% decline from the previous closure. The consistent slide of the Naira beyond the N1,000/$ mark for

January 3, 2024

Business·Oil & Gas

No Plan To Increase Petrol Pump Price, NNPC Assures Nigerians

The Nigerian National Petroleum Company (NNPC) Limited says it has no plan to increase the pump price of Premium Motor Spirit (PMS) commonly known as petrol. This was made known in a statement signed by the NNPCL Chief Corporate Communications Officer, Olufemi

January 3, 2024

Business·Currency

Nigerian Naira Depreciates To N988/$ Despite $2.25bn Injection In Forex Market

The Nigerian naira spiraled downwards by 8.97% against the dollar, closing at N988.46/$1 despite a $2.25 billion infusion from Afreximbank.

January 3, 2024

10 Nigerian States With Highest Food Inflation In June 2025

Agro-Economy·Business

Nigeria, Other West African Countries To Endure Soaring Food Prices In 2024 – Report

A looming crisis in West Africa's food security emerges as experts predict a distressing surge in staple food prices across the region in 2024.

January 3, 2024

How Strong Competitive Market Will Stabilise Fuel Price In Nigeria

Business·Oil & Gas

NNPC, Marketers Bicker On Fuel Subsidy Payment As Naira Depreciation Deepens

Further depreciation of naira while the pump price of Premium Motor Spirit (PMS) popularly called petrol sells between N617 and N650 have resurrected contentious debates between independent petroleum marketers and the Nigerian National Petroleum Company Limited NNPC

January 3, 2024

Nigeria Optimistic On Achieving 1.7mpd Crude Despite November Output Drop

Business·Oil & Gas

Nigeria’s Petroleum Minister Targets 2 Million Barrels Daily Crude Oil Production In 2024

Minister of State for Petroleum Resources, Heineken Lokpobiri, has set a target for Nigeria's crude oil production, eyeing a jump to 2 million barrels per day in 2024.

January 2, 2024

Finance & Economy

BRICS Capital Inflow To Nigeria Plummets By 59.84% In Q3 2023 – NBS

The National Bureau of Statistics (NBS) released a report unveiling a 59.84% drop in foreign capital from BRICS nations during Q3 of 2023.

January 2, 2024

Why Tinubu Govt Is Against Borrowing To Fund 2024 Budget - Edun

Finance & Economy·News

Nigeria Will Rely More On Revenue To Implement 2024 Budget – Finance Minister

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced a move by the federal government to move away from heavy reliance on borrowing for the implementation of the 2024 budget. Emphasizing a commitment to augmenting revenue sources,

January 2, 2024

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Oil Production: Nigeria Again Exceeds OPEC Quota In 2025

6 Things Nigerians Should Know About the Current Oil Market Trends

The global oil market is once again at the centre

Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

Cooking gas prices in Nigeria have jumped about 40 percent

Dangote Cement Records 20% Increase in 2025 Revenue

Dangote Cement Plc reported a 20.3 percent rise in revenue

Aston Martin to Cut 20% of Workforce Over Rising Losses

British luxury carmaker Aston Martin has announced plans to reduce

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Finance & Economy - Page 146

9 Economic Signals Investors Are Watching in Nigeria Right Now

Local Rice Prices Skyrocket By 73.2% Despite Govt Support, Farmers Dispute Inflation Figures

How Fuel Subsidy Removal Forced Many Marketers Out Of Business – IPMAN

Naira Falls To N1,035/$1, As Depreciation Persists

No Plan To Increase Petrol Pump Price, NNPC Assures Nigerians

Nigerian Naira Depreciates To N988/$ Despite $2.25bn Injection In Forex Market

Nigeria, Other West African Countries To Endure Soaring Food Prices In 2024 – Report

NNPC, Marketers Bicker On Fuel Subsidy Payment As Naira Depreciation Deepens

Nigeria’s Petroleum Minister Targets 2 Million Barrels Daily Crude Oil Production In 2024

BRICS Capital Inflow To Nigeria Plummets By 59.84% In Q3 2023 – NBS

Nigeria Will Rely More On Revenue To Implement 2024 Budget – Finance Minister

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Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

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Sanwo-Olu Commissions Lagos Electricity Regulatory Board to Reform Power Sector

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