Economy
Nigeria Signs Key Cooperation Agreement with IFC to Boost Bankable Infrastructure Projects
The federal government, through the Ministry of Budget and Economic Planning, has signed a cooperation agreement with the International Finance...
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Nigeria Saves Over N6 Trillion on Petroleum Imports Through Bold Downstream Reforms – NMDPRA
Nigeria’s downstream petroleum sector has saved over N6 trillion in petroleum product imports in just the first nine months of...
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FG Flags $120bn Annual Loss on Imported Refined Petroleum, Pushes for Local Refining
The federal government has expressed concern over Africa’s estimated $120 billion annual expenditure on imported refined petroleum products, describing it...
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FG Proposes N3.6tn FAAC Deduction to Fund Electricity Subsidies Over Three Years
The Federal Government has proposed a total deduction of N3.6 trillion from the Federation Account to fund electricity subsidies between...
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World Bank Hails Nigeria as Example of Credible Reform Leadership
The World Bank has described Nigeria as a country increasingly cited around the world as an example of steady and...
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Edun: Economic Reforms, Private Sector Key to Nigeria’s 7% Growth Target by 2028
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has said sustained economic reforms and stronger...
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Standard Chartered Sees Optimistic Growth Outlook for Nigeria in 2026
Standard Chartered Bank Nigeria Limited has expressed optimism about Nigeria’s economic growth prospects for 2026, projecting improved performance driven by...
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FG Allocates N881m to NEPC Capital Projects Following $6.1bn Non-Oil Export Record
The Federal Government has earmarked N881.13 million for the Nigerian Export Promotion Council (NEPC) in the 2026 Appropriation Bill, following...
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Rising Costs, New Taxes Slow Nigeria’s Business Expansion in January — NESG
Nigeria’s business expansion slowed sharply in January 2026 as rising operational costs, new tax reforms, fuel price adjustments and persistent...
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FG to Share Electricity Subsidy Burden Across Federal, State, LGs from 2026
The Federal Government has announced plans to end the practice of bearing electricity subsidy costs alone, unveiling a new framework...
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