Tag: Nigeria Economy

World Bank has projected that Nigeria could unlock as much as $400 billion in economic value by 2040 if it ...

FG Rules Out Fuel Subsidy Return, Doubles Down on Market Reforms

The Federal Government has made it clear that it will not reintroduce fuel subsidies or enforce price controls, reaffirming its ...

Economists Predict Slight Rise in Nigeria’s April Inflation Amid Persistent Cost Pressures

As Nigerians await the release of April inflation data from the National Bureau of Statistics (NBS), economists are expressing cautious ...

FG Moves to Clear Debts Owed to Local Contractors, Promises Transparent Process

The Federal Government has begun steps to settle long-standing debts owed to local contractors, in a move aimed at restoring ...

Ecuador’s $8.4bn Shrimp Boom Offers Nigeria a Blueprint for Export Diversification

For decades, Nigeria’s export strategy has rested almost entirely on crude oil, a volatile commodity that leaves Africa’s largest economy ...

Nigeria States’ External Debt Rises by $944m in 2025

Low Labour Costs Lift Nigeria’s Outsourcing Ranking Globally

A sharp edge in labour costs has propelled Nigeria higher in global outsourcing rankings, positioning Africa’s largest economy as an ...

Nigeria Ports Brace for 36 Incoming Vessels as Cargo Traffic Rises

The Nigerian Ports Authority (NPA) has projected a fresh wave of maritime activity, with 36 vessels scheduled to arrive at ...

Nigeria Risks Investor Flight Over Slow Business Registration, RMAFC Warns

Nigeria faces a growing risk of capital flight and diminished foreign direct investment (FDI) unless it urgently overhauls its notoriously ...

Rising Global Tensions Push Oil Prices Up, Straining Housing and Construction in West Africa