Economy

The government of Nigeria has raised ₦100 billion from unclaimed private funds, integrating the resources into its borrowing programme as the country’s domestic debt stock climbed to ₦80.49 trillion. The development was disclosed in the latest domestic debt report released by the Debt Management Office (DMO). The report shows that the funds were raised through […]

The equities market in Nigeria delivered its strongest weekly performance of 2026, with the benchmark index of the Nigerian Exchange Group (NGX) rising 6.57% for the week ended April 17, 2026. The All-Share Index (ASI) closed at 217,167.57 points, marking a historic milestone as the market crossed the 217,000 level for the first time. This

The stock market in Nigeria has reached a historic milestone as the benchmark index of the Nigerian Exchange Group (NGX) surpassed the 200,000-point mark, extending a powerful rally that has been building over the past year. The surge follows a remarkable 51.2% market return in 2025, with the All-Share Index (ASI) continuing its upward trajectory

The International Monetary Fund (IMF) has advised Nigeria to implement targeted and disciplined policy measures to cushion the growing cost-of-living pressure triggered by the ongoing tensions in the Middle East. Speaking during the presentation of the April 2026 Regional Economic Outlook for Sub-Saharan Africa, the Director of the IMF’s African Department, Abebe Aemro Selassie, outlined

The government of Nigeria has stated that it has no immediate plans to access a $50 billion financial support facility offered by the International Monetary Fund (IMF) to assist economies facing economic difficulties. Nigeria’s Minister of Finance and Coordinating Minister for the Economy, Wale Edun, made this known during a press briefing at the ongoing

The International Monetary Fund (IMF) has warned that rising transportation expenses are intensifying the cost-of-living crisis in Nigeria, as higher logistics costs continue to push food prices upward while limiting the government’s ability to respond through fiscal measures. The warning was issued during the 2026 Spring Meetings of the International Monetary Fund and the World

The government of Nigeria has announced the introduction of a green tax surcharge on high-engine vehicles, imposing a levy of between 2% and 4% as part of its 2026 fiscal policy measures scheduled to take effect from July 1, 2026. According to a government circular obtained by Reuters, the policy forms part of broader fiscal

Nigeria’s headline inflation rate increased to 15.38% in March 2026, up from 15.06% recorded in February, according to the latest data released by the National Bureau of Statistics (NBS). The figures indicate a renewed uptick in price pressures, with both annual and monthly indicators showing rising costs across several sectors of the economy. While inflation

The Centre for the Promotion of Private Enterprise (CPPE) has warned that Nigeria’s current inflation pressures are largely cost-push driven, citing rising energy prices, logistics bottlenecks, and structural inefficiencies as the main drivers. The position was outlined in a policy brief released after the latest inflation figures published by the National Bureau of Statistics (NBS).

Nigeria’s gig economy has expanded to an estimated $5.17 billion, with ride-hailing platforms playing a major role in creating flexible income opportunities across the country. This was revealed in a new report commissioned by Bolt and conducted by Ipsos, which was unveiled in Lagos on Tuesday. The study, which examined gig work trends across Nigeria,