Nigerian economy 2026 News

Latest Articles

• Obidient Movement backs NLC demand for ₦154,000 minimum wage amid rising inflation

  Published: May 1, 2026

  Section: Africa

  The Obidient Movement has declared its support for the Nigeria Labour Congress (NLC) in its push for a new national minimum wage of ₦154,000. National Coordinator Yunusa Tanko urge...

• Rotimi Amaechi Predicts Presidential Defeat for Bola Tinubu in 2027 if ADC Secures Ballot Access

  Published: Apr 17, 2026

  Section: Africa

  Former Transport Minister Rotimi Amaechi claimed during a Friday interview on Channels Television that President Bola Tinubu cannot secure a second term if the African Democratic C...

• Peter Obi Rejects Tinubu’s "Self-Consolatory" Comparison to Kenya; Cites Stark Statistical Realities

  Published: Apr 13, 2026

  Section: Africa

  Former presidential candidate Peter Obi has criticized President Bola Tinubu for suggesting Nigerians should find solace in being "better off than Kenya." In a detailed response sh...

• Wema Bank Reports Record 116% Profit Growth To N222 Billion In 2025 Financial Year

  Published: Apr 9, 2026

  Section: Africa

  Wema Bank Plc has announced a historic financial performance for 2025, with profit before tax surging to N221.85 billion. The lender’s growth was driven by a 103% rise in net inter...

• Nigerian Banking Sector Credit Hits N111.4 Trillion Following Successful National Recapitalisation Exercise

  Published: Apr 6, 2026

  Section: Africa

  Domestic lending by Nigerian banks rose to N111.39 trillion in February 2026, marking the highest credit level since late 2024. The increase was primarily driven by a surge in gove...

• Nigerian Exchange Group and Asagba of Asaba Launch Strategic Partnership to Catalyze Delta State Economic Development

  Published: Mar 31, 2026

  Section: Africa

  The Nigerian Exchange Group has partnered with Traditional Ruler Epiphany Azinge to establish the Corporate Nigeria Investment Forum aimed at unlocking capital for Delta State. The...

• Fallacy of Nominal Comparison: Former AfDB Adviser Argues Nigerian Petrol Costs Among Highest Globally Based on Labor-Time Metrics

  Published: Mar 30, 2026

  Section: Africa

  Economist Banji Oyelaran-Oyeyinka has challenged the narrative that Nigeria enjoys "cheap" fuel, labeling direct currency comparisons as an economic fallacy. By measuring purchasin...

• CBN Reports 772% Surge in Nigeria’s Net Foreign Reserves to $34.8 Billion, Crediting Transparent Policy Reforms

  Published: Mar 3, 2026

  Section: Africa

  The Central Bank of Nigeria (CBN) has announced a significant milestone in its economic recovery efforts, with net foreign exchange reserves skyrocketing by 772% over a two-year pe...