Nigeria’s trade with the rest of the world has changed significantly over the past year, with the country selling more goods to its African neighbours, finding a major new market for fertiliser in the United States, and sharply reducing its dependence on American imports. The changes, seen in Nigeria’s trade figures from the second quarter …
Nigeria’s economy is gaining momentum, with growth accelerating to 4.43 per cent in the second quarter of 2026 and foreign exchange reserves climbing to a 17-year high of $53.11 billion. The improvement in headline indicators, however, has yet to translate into meaningful gains for millions of Nigerians, the Alliance for Economic Research and Ethics has …
Nigeria is winning back the confidence of international investors and global rating agencies, but the government still faces a major problem at home, as much of its revenue is being swallowed by debt payments. Foreign reserves have climbed to their highest level in more than 17 years. The naira has become more stable, inflation has …
Uber is not leaving Nigeria because it ran out of money. It is leaving while the global company is growing, generating billions of dollars in cash and preparing to pour more than $10 billion into autonomous mobility. Yet in Nigeria, the same platform that once estimated it supported ₦34 billion in economic activity has become …
Nigeria’s economic reforms have pushed state government revenues to record levels, but the gains have yet to translate fully into better living conditions for millions of Nigerians, according to a new analysis by civic organisation BudgIT. The report comes shortly after the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said Nigeria’s …
Nigeria's ₦70,000 minimum wage may have represented a historic increase when it replaced the previous ₦30,000 wage floor, but a fresh comparison of minimum wages across three major African economies reveals a far more troubling reality. After adjusting for differences in the prices of goods and services, the purchasing power of Nigeria's minimum wage is …
The Central Securities Clearing System Plc (CSCS) has cut selected fees and scrapped others in a fresh move to reduce transaction costs, deepen retail investor participation and improve liquidity in Nigeria’s capital market. The revised pricing framework, announced on Wednesday, halves lien fees for retail investors, removes charges for qualifying securities transfers between immediate family …
Nigeria’s economy is gaining momentum and remains on track towards the Federal Government’s target of becoming a $1 trillion economy by 2030. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said in a statement on Tuesday, following the stronger growth recorded in Nigeria’s gross domestic product (GDP) in the second quarter …
Geregu Power Plc’s recent bond default has raised deeper questions about corporate cash availability, treasury management, and governance, with DataPro Limited arguing that the company’s reported ₦31.77 billion in short-term deposits did not necessarily translate into liquidity when its debt obligation fell due. In its Monthly Rating Brief for September 2026, titled “When Bonds Default: …
Nigeria’s improving economic indicators could come under pressure in the fourth quarter of the year as rising political spending ahead of the 2027 general elections tests the gains made in foreign exchange stability, inflation and liquidity management. According to economic policy analyst Dr Felix Ijeh, Nigeria is entering the final quarter of the year with …
