ECONOMY

Deposit Money Banks (DMBs) reduced lending to several major sectors of the Nigerian economy by N5.45 trillion in 2025, reflecting a broad adjustment in credit portfolios following regulatory changes by...

The International Monetary Fund (IMF) has cautioned that rising prices of essential goods and services could push more Nigerians into poverty and worsen food insecurity, even as recent economic reforms...

The Federal Government has dismissed reports suggesting it spent more than ₦8 trillion outside the 2026 Appropriation Act, insisting that the claims misrepresent the findings of the International Monetary Fund...

Global oil prices remained largely stable on Friday as investors weighed ongoing diplomatic efforts between the United States and Iran, with cautious optimism over easing tensions helping to calm fears...

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced plans to issue and closely monitor import permits to bridge an estimated 165,000-metric-tonne Liquefied Petroleum Gas (LPG) supply shortfall...

The International Monetary Fund (IMF) has urged Sub-Saharan African countries to urgently strengthen their domestic economies and institutions as international development assistance continues to decline, warning that the region can...

The prices of several staple food items, including tomatoes, beans, garri, onions and ginger, increased in April 2026 compared to the previous month, according to the latest Selected Food Prices...

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...