Nigeria Economy

Running on Fumes: Inside the Silent Collapse of Nigeria’s Small Businesses

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• Special Reports

Running on Fumes: Inside the Silent Collapse of Nigeria’s Small Businesses

Oluwafunbi Bello May 8, 2026 0

ABUJA, Nigeria – From barber shops to cafés and roadside kitchens, rising fuel prices, inflation and power...

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Nigeria Urged to Cut Drug Imports, Boost Local Pharmaceutical Industry

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Nigeria Urged to Cut Drug Imports, Boost Local Pharmaceutical Industry

Mirian Gom May 6, 2026 0

ILORIN, Nigeria – Nigeria faces calls to reduce medicine imports and strengthen local production to secure health...

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Tinubu Declares Insecurity, Poverty National Emergencies at Workers’ Day

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Tinubu Declares Insecurity, Poverty National Emergencies at Workers’ Day

Mirian Gom May 1, 2026 0

ABUJA, Nigeria – President Bola Tinubu has declared insecurity and poverty as national emergencies, warning that both...

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MTN’s ₦355bn Profit Surge Shadowed by Diesel Crisis, Network Strain

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MTN’s ₦355bn Profit Surge Shadowed by Diesel Crisis, Network Strain

Mirian Gom April 30, 2026 0

LAGOS, Nigeria – MTN Nigeria posted a staggering ₦355.5 billion profit in the first quarter of 2026,...

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Bite-Sized Survival: How Inflation Is Driving Nigeria’s Fast-Food Boom

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Bite-Sized Survival: How Inflation Is Driving Nigeria’s Fast-Food Boom

Koko Maxwella April 29, 2026 0

ABUJA, Nigeria – Nigeria’s fast-paced urban centres—Abuja, Lagos and Port Harcourt—a subtle but significant shift is reshaping...

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Nigeria’s Reserves Slide $731m in April, Stir FX Stability Concerns

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Nigeria’s Reserves Slide $731m in April, Stir FX Stability Concerns

Korede Abdullah April 27, 2026 0

LAGOS, Nigeria – Nigeria’s external reserves fell by $731 million within the first three weeks of April...

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From Corps to Capital: Nigeria’s NYSC Gamble on Youth Enterprise Faces Its Hardest Test Yet

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From Corps to Capital: Nigeria’s NYSC Gamble on Youth Enterprise Faces Its Hardest Test Yet

Chukwu Obinna April 27, 2026 0

ABUJA, Nigeria – When Adaeze Nwosu returned to Enugu after completing her National Youth Service Corps (NYSC)...

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Obi Raises Alarm Over ₦34trn Missing Federation Revenue Funds

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Obi Raises Alarm Over ₦34trn Missing Federation Revenue Funds

Edino Chubiyo Cornelius April 19, 2026 0

ABUJA, Nigeria – Former presidential candidate Peter Obi warns that Nigeria loses an estimated ₦34 trillion in...

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Nigeria Rejects IMF Loans Despite $50bn Global Financing Offer

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Nigeria Rejects IMF Loans Despite $50bn Global Financing Offer

Chukwu Obinna April 17, 2026 0

ABUJA, Nigeria – Nigeria rules out seeking new financing from the International Monetary Fund, even as the...

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Choked at Hormuz: How a Distant Maritime Crisis Is Quietly Tightening Africa’s Food Noose

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Choked at Hormuz: How a Distant Maritime Crisis Is Quietly Tightening Africa’s Food Noose

Korede Abdullah March 31, 2026 0

LAGOS, Nigeria – From the wheat fields of Eastern Europe to the bakeries of Lagos, the world’s...

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