Economy

Nigeria’s inflation rate has continued to decline, but the improvement has yet to translate into widespread financial relief as households contend with elevated food prices, expensive transportation, weak purchasing power and the cost of essential services.

Nigeria’s latest economic narrative presents a troubling contradiction: An economy expanding at a faster pace, a government celebrating international validation of its reforms, and a population in which tens of millions remain deprived of basic healthcare, education and acceptable living standards.

Nigerian women entrepreneurs can apply for Her Startup’s second accelerator cohort, which offers paid-for training, a monthly stipend, and an opportunity to pitch for business financing. Applications close on October 26, 2026.

The International Monetary Fund (IMF) has warned that the global economy’s resilience to successive shocks is approaching its limits, citing rising energy prices, mounting public debt, higher borrowing costs and vulnerabilities linked to the artificial intelligence (AI) boom.

At the commission’s 2026 annual media conference in Lagos recently, PenCom’s director-general, Ms Omolola Oloworaran, presented a catalogue of reforms and performance indicators showing a pension industry that has expanded significantly in assets, membership, compliance and investment reach.

Since the inauguration of President Bola Ahmed Tinubu in May 2023, the MPR has maintained an upward trajectory; rising from about 18.05 per cent to 27.50 per cent as of September 2025, when it was reduced marginally by 50 basis points to 27 percent.

Countries receiving little of the investment pouring into artificial intelligence still face the rising energy costs and financial pressures reshaping the global economy, International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned on Wednesday.

To evaluate President Bola Tinubu's stewardship fairly, one must first confront the catastrophic baseline from which this administration began exercising its mandate.

Nigeria’s real Gross Domestic Product (GDP) grew by 4.43 percent year-on-year in the second quarter of 2026, up from 4.23 percent in Q2 2025 and 3.89 percent in Q1 2026.

The Central Bank of Nigeria’s (CBN) decision to cut the Monetary Policy Rate (MPR) from 26.5 per cent to 23 per cent is a significant development for an economy that has endured an exceptionally tight monetary environment