The International Monetary Fund (IMF) has urged Nigeria to be prudent in spending following the implementation of hard economic reform that ...

It points to a shifting pattern as Nigerians grapple with one of the toughest economic crises in decades after President Bola Tinubu halted ...

Experts attribute the decline in food prices to enhanced security for farmers in rural areas. While this reduction offers some relief in ...

Achieving this goal will require significant policy changes, private-sector expansion, and increased investment in key sectors. Experts w...

  The cost of a 50kg bag has jumped from $16 to $60, far surpassing the country's minimum wage. With local production falling short and...

Nigeria's economic crisis is hitting renters in Lagos hard as landlords pass down the costs of spiralling inflation -- pushing residents...

Nigeria’s GDP per capita has dropped to 835 U.S. dollars, a significant decline from its 2023 range of 1,597–2,460 dollars, according to ...

Nigeria's President Bola Tinubu has increased the size of the 2025 budget to 54.2 trillion naira ($36.4 billion) from 49 trillion naira,...

The refinery, on Saturday, disclosed to Nigerians that it had decided to reduce its petrol price from N950 to N890 per liter. “In a bold mov...

Nigeria’s power prices need to rise by about two thirds for many customers to reflect the cost of supplying it and an increase can be expect...

Nigeria needs to double economic growth within the next year or two from an annualized rate of 3.5% in the third quarter to lift its populat...

The United Nations will this week appeal for $910 million to help tackle a humanitarian crisis in northeastern Nigeria, which has been in th...

Nigerian authorities said this week that the nation’s new partnership status with the BRICS bloc could unlock critical opportunities in trad...

Under its crude-for-loan arrangements, Nigeria allocated 272,500 barrels of oil daily to service debts until 2029. While these deals provi...

Nigeria's inflation rate rose for the fourth straight month in December, advancing to 34.80% in annual terms (NGCPIY=ECI) from 34.60% i...

Authorities in northern Nigeria's largest city have begun evacuating more than 5,000 street children seen as a "security threat...

The country endured record-high inflation and severe flooding that exacerbated food insecurity. CGTN

Record inflation, a petrol subsidy removal, the devaluation of the local currency, and several other issues combined to keep shoppers at ...

Nigerian President Bola Tinubu defended sweeping economic reforms implemented since he took power in May 2023 as necessary to prevent a nati...

Nigeria’s President Bola Tinubu presented a 47.9 trillion naira ($30 billion) budget for 2025 to parliament on Wednesday. The bill, Tinubu’s...