ECONOMY

The Lagos State government says it generated N2.6 trillion in total revenue in 2025, representing a 16 per cent increase from the N2.3 trillion recorded in 2024, as authorities pointed...

The United Nations has warned that nearly 35 million Nigerians could face acute hunger between June and August as worsening economic pressures, conflict and inadequate humanitarian funding deepen the nation’s...

The Central Bank of Nigeria on Wednesday retained its benchmark interest rate at 26.50 per cent, signalling a cautious approach as authorities seek to contain inflation and protect macroeconomic stability...

The price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, could rise sharply across Nigeria in the coming weeks as supply shortages emerge at major depots amid growing...

Nigeria supplied less than half of the crude oil volumes allocated to its domestic refineries in the first quarter of 2026, underscoring ongoing challenges in the country’s push to boost...

The Federal Government is considering expanding the Mortgage Refinancing and Equity Investment Fund (MREIF) following what officials describe as a strong early showing. A source at the Ministry of Finance...

Nigeria is aiming to begin delivering natural gas to Abuja by July through the long-awaited Ajaokuta-Kaduna-Kano (AKK) pipeline, in what officials describe as a major step forward for the country’s...

The Central Bank of Nigeria (CBN) has dismissed as false a viral image circulating on social media that claims to show a newly introduced N5,000 banknote bearing the image of...

The U.S. dollar weakened sharply on Wednesday after a surprise ceasefire agreement between the United States and Iran eased geopolitical tensions and revived investor appetite for risk. The greenback fell...

Fuel prices in Nigeria have surged to record highs despite the full operation of the Dangote Petroleum Refinery, raising fresh concerns about the country’s energy security and exposure to global...