Nigeria Economy News
Latest articles and news about Nigeria Economy on AXL Media.
Latest Articles
- Naira Maintains Stability Against Dollar as May 2026 Parallel Market Trading Opens
Published: May 1, 2026
Section: Africa
The Nigerian Naira opened May 1, 2026, holding steady against the US Dollar with the parallel market selling rate at ₦1400. While the Central Bank of Nigeria maintains a lower offi...
- The Quiet Revolution: How Strategic Reforms and Infrastructure Projects are Reshaping Nigeria’s Economic Future
Published: May 1, 2026
Section: Africa
Nigeria is undergoing a fundamental shift toward institutional accountability through massive infrastructure projects and stringent banking reforms. On May 1, 2026, analysts highli...
- Lagos Chamber of Commerce demands urgent fiscal reform as N7.71 trillion in 2025 projects remain stalled
Published: May 1, 2026
Section: Africa
The Lagos Chamber of Commerce and Industry has criticized the federal government for significant delays in capital budget releases and persistent bureaucratic inefficiencies. LCCI...
- CBN Governor Olayemi Cardoso Challenges Banking Directors to Prioritize Institutional Stability Over Balance Sheet Size
Published: May 1, 2026
Section: Africa
Central Bank of Nigeria Governor Olayemi Cardoso has urged newly inducted directors of the Chartered Institute of Directors Nigeria to focus on long-term stability and ethical stew...
- Naira Maintains Stability Against Dollar in Parallel Market as April 2026 Concludes
Published: Apr 30, 2026
Section: Africa
The Nigerian Naira held steady against the US Dollar in the parallel market on April 30, 2026, with exchange rates hovering around 1400/1$. While the black market continues to see...
- NNPC Achieves Major Gas Milestone with Completion of Technically Challenging OB3 River Niger Pipeline Crossing
Published: Apr 30, 2026
Section: Africa
The Nigerian National Petroleum Company Limited has successfully completed the River Niger crossing for the 130-kilometer Obiafu-Obrikom-Oben (OB3) gas pipeline. Using advanced hor...
- Naira Halts Two-Week Decline with Marginal Gain at Official Market Following Recent Volatility
Published: Apr 30, 2026
Section: Africa
The Nigerian naira appreciated slightly on Wednesday, ending a nearly two-week downward trend. Trading data from the Central Bank of Nigeria shows the local currency gained N1.24 t...
- ADC Presidential Aspirant Mohammed Hayatudeen Declares Zoning Irrelevant Amid Worsening Security and 20-Year Economic Decline
Published: Apr 30, 2026
Section: Africa
Presidential aspirant and economist Mohammed Hayatudeen has criticized the national focus on zoning, arguing it distracts from a twenty-year period of economic underperformance tha...
- Nigeria Adopts Decade Long National Food Policy To Overhaul Nutrition Standards Across All Local Governments
Published: Apr 29, 2026
Section: Africa
The National Council on Nutrition has ratified the 2026–2035 National Policy on Food and Nutrition to address maternal and child health. Chaired by Vice President Kashim Shettima,...
- Three Years of "Renewed Hope": Nigerians Turn to Trekking, Urban Farming, and Meal Rationing to Survive Historic Cost-of-Living Crisis
Published: Apr 28, 2026
Section: Africa
As President Bola Tinubu enters the third year of his administration, Nigerians are grappling with the highest cost of living in nearly three decades. Spurred by fuel subsidy remov...
- Tinubu Praised for Adaptive Leadership Following Strategic Appointment of Taiwo Oyedele as Finance Minister
Published: Apr 27, 2026
Section: Africa
The Renewed Hope Labourers Network (RHLN) has hailed President Bola Tinubu’s appointment of fiscal expert Taiwo Oyedele as the new Minister of State for Finance. The group describe...
- Pension Investment in FGN Debt Securities Surges to ₦16.9 Trillion as Total Assets Hit ₦29.4 Trillion
Published: Apr 27, 2026
Section: Africa
Data from the National Pension Commission (PenCom) shows that pension fund investments in Federal Government of Nigeria (FGN) debt securities grew by 16.9% year-on-year to ₦16.925...