The International Monetary Fund (IMF) has projected Nigeria’s inflation rate to average 26.5 percent in 2025 as structural constraints and weak income growth continue to challenge...
The Onne Multipurpose Terminal in Rivers State has recorded a new milestone following the successful berthing of Kota Carum, a 301.43-metre container ship with a capacity...
China has warned that it will respond firmly to any trade arrangements that undermine its national interests as several countries pursue tariff relief negotiations with the...
The Chairman of Transcorp Group, Tony Elumelu, has emphasized the need for the Federal Government of Nigeria to harness the electricity sector in order to build...
Electricity supply from Nigeria to the Niger Republic has been reduced by 42 percent following the Federal Government’s decision to maintain energy restrictions in place since...
Chinese President Xi Jinping has embarked on a strategic tour of Southeast Asia to foster deeper regional unity and counter the growing pressure from the United...
Nigeria’s annual inflation rate rose to 24.2 percent in March 2025, the first increase since the National Bureau of Statistics (NBS) rebased its inflation data in...
President Bola Tinubu’s effort to drive economic reform through a proposed increase in the Value-Added Tax (VAT) has suffered a major blow following rejection by the...
Nigeria’s leading seaports, Apapa and Tin-Can Island, recorded a combined revenue of N1.1 trillion in the first quarter of 2025, according to data released by the...
Fitch Ratings has upgraded Nigeria’s long-term foreign-currency issuer default rating from ‘B-’ to ‘B’ with a stable outlook, citing recent policy reforms that have improved macroeconomic...
