Nigeria economy Archives - Freedom Online ...express yourself Fri, 18 Sep 2026 16:39:39 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0.6 https://freedomonline.com.ng/wp-content/uploads/2015/08/cropped-icon-32x32.png Nigeria economy Archives - Freedom Online 32 32 Finance Ministry, CBN Sign MoU to Strengthen Nigeria’s Economic Stability and Inflation Control https://freedomonline.com.ng/finance-ministry-cbn-sign-mou-to-strengthen-nigerias-economic-stability-and-inflation-control/?utm_source=rss&utm_medium=rss&utm_campaign=finance-ministry-cbn-sign-mou-to-strengthen-nigerias-economic-stability-and-inflation-control https://freedomonline.com.ng/finance-ministry-cbn-sign-mou-to-strengthen-nigerias-economic-stability-and-inflation-control/#respond Fri, 18 Sep 2026 16:39:39 +0000 https://freedomonline.com.ng/?p=284860 The Federal Ministry of Finance and the Central Bank of Nigeria (CBN) have introduced a new framework aimed at improving coordination between fiscal and monetary policies as the country works to strengthen economic stability and manage inflation. The two institutions signed a Memorandum of Understanding (MoU) designed to improve information sharing, policy alignment and cooperation […]

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]]> https://freedomonline.com.ng/finance-ministry-cbn-sign-mou-to-strengthen-nigerias-economic-stability-and-inflation-control/feed/ 0 Subsidy Return Could Reverse Nigeria’s Economic Gains, Mohammed Idris Warns https://freedomonline.com.ng/subsidy-return-could-reverse-nigerias-economic-gains-mohammed-idris-warns/?utm_source=rss&utm_medium=rss&utm_campaign=subsidy-return-could-reverse-nigerias-economic-gains-mohammed-idris-warns https://freedomonline.com.ng/subsidy-return-could-reverse-nigerias-economic-gains-mohammed-idris-warns/#respond Mon, 24 Aug 2026 17:07:28 +0000 https://freedomonline.com.ng/?p=283297 The Minister of Information and National Orientation, Mohammed Idris, has warned that bringing back petrol subsidy could undermine Nigeria’s fiscal improvements and reverse gains recorded under President Bola Tinubu’s economic reforms. Idris said restoring the subsidy would also risk weakening investor confidence and recreating some of the financial pressures that made the previous system difficult […]

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]]> https://freedomonline.com.ng/subsidy-return-could-reverse-nigerias-economic-gains-mohammed-idris-warns/feed/ 0 Naira Gains N8.07 Against Dollar, Closes at N1,349.53 at Official Market https://freedomonline.com.ng/naira-gains-n8-07-against-dollar-closes-at-n1349-53-at-official-market/?utm_source=rss&utm_medium=rss&utm_campaign=naira-gains-n8-07-against-dollar-closes-at-n1349-53-at-official-market https://freedomonline.com.ng/naira-gains-n8-07-against-dollar-closes-at-n1349-53-at-official-market/#respond Mon, 17 Aug 2026 18:19:24 +0000 https://freedomonline.com.ng/?p=282880 The Nigerian naira strengthened against the U.S. dollar at the official foreign exchange market on Monday, gaining N8.07 to close at N1,349.53 per dollar. The latest movement extends the currency’s recent run of gains at the official market. Naira Extends Winning Streak Data from the Central Bank of Nigeria (CBN) showed that the naira improved […]

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]]> https://freedomonline.com.ng/naira-gains-n8-07-against-dollar-closes-at-n1349-53-at-official-market/feed/ 0 Nigeria Targets $100bn Investment in Oil, Gas, Energy, Mining, Other Sectors https://freedomonline.com.ng/nigeria-targets-100bn-investment-in-oil-gas-energy-mining-other-sectors/?utm_source=rss&utm_medium=rss&utm_campaign=nigeria-targets-100bn-investment-in-oil-gas-energy-mining-other-sectors https://freedomonline.com.ng/nigeria-targets-100bn-investment-in-oil-gas-energy-mining-other-sectors/#respond Tue, 11 Aug 2026 17:20:21 +0000 https://freedomonline.com.ng/?p=282534 Nigeria could attract more than $100 billion in investment across oil and gas, renewable energy, technology, agriculture, mining and other sectors under an investment mobilisation initiative announced by the Business Summit Group. Haider Uzzaman, President of the Business Summit Group, disclosed the plan during a news conference in Abuja on Tuesday, August 11. According to […]

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]]> https://freedomonline.com.ng/nigeria-targets-100bn-investment-in-oil-gas-energy-mining-other-sectors/feed/ 0 Naira Rebounds, Gains ₦5.54 Against Dollar at Official Market https://freedomonline.com.ng/naira-rebounds-gains-%e2%82%a65-54-against-dollar-at-official-market/?utm_source=rss&utm_medium=rss&utm_campaign=naira-rebounds-gains-%25e2%2582%25a65-54-against-dollar-at-official-market https://freedomonline.com.ng/naira-rebounds-gains-%e2%82%a65-54-against-dollar-at-official-market/#respond Mon, 10 Aug 2026 20:24:53 +0000 https://freedomonline.com.ng/?p=282491 The Nigerian naira strengthened against the United States dollar on Monday, reversing recent losses at the official foreign exchange market. The local currency traded at ₦1,360.14 per dollar, according to exchange-rate data from the Central Bank of Nigeria (CBN). The latest rate represents an appreciation of ₦5.54, compared with the ₦1,365.68 per dollar level recorded […]

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]]> https://freedomonline.com.ng/naira-rebounds-gains-%e2%82%a65-54-against-dollar-at-official-market/feed/ 0 Presidency Rejects Atiku’s Criticism, Defends Tinubu’s Economic Reforms https://freedomonline.com.ng/presidency-rejects-atikus-criticism-defends-tinubus-economic-reforms/?utm_source=rss&utm_medium=rss&utm_campaign=presidency-rejects-atikus-criticism-defends-tinubus-economic-reforms https://freedomonline.com.ng/presidency-rejects-atikus-criticism-defends-tinubus-economic-reforms/#respond Mon, 03 Aug 2026 16:24:44 +0000 https://freedomonline.com.ng/?p=282155 The Presidency has rejected former Vice President Atiku Abubakar’s criticism of the Federal Government’s economic policies, arguing that his assessment failed to consider more recent developments in the Nigerian economy. Presidential spokesperson Bayo Onanuga responded in a statement issued on Sunday, August 2, 2026, titled “Facts, Not Fear: A Point-by-Point Response to Atiku Abubakar on […]

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]]> https://freedomonline.com.ng/presidency-rejects-atikus-criticism-defends-tinubus-economic-reforms/feed/ 0 CBN Rate Hold Expected Amid Global Uncertainty, Says Muda Yusuf https://freedomonline.com.ng/cbn-rate-hold-expected-amid-global-uncertainty-says-muda-yusuf/?utm_source=rss&utm_medium=rss&utm_campaign=cbn-rate-hold-expected-amid-global-uncertainty-says-muda-yusuf https://freedomonline.com.ng/cbn-rate-hold-expected-amid-global-uncertainty-says-muda-yusuf/#respond Tue, 21 Jul 2026 17:03:36 +0000 https://freedomonline.com.ng/?p=281473 Chief Executive Officer of CPPE, Dr Muda Yusuf, made the remark while reacting to the outcome of the 306th meeting of the Monetary Policy Committee. The MPC retained the Monetary Policy Rate at 26.50 per cent and left other policy parameters unchanged. Yusuf said the decision reflected the cautious position of the apex bank amid […]

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]]> https://freedomonline.com.ng/cbn-rate-hold-expected-amid-global-uncertainty-says-muda-yusuf/feed/ 0 Lagos State Achieves N2.6 Trillion Revenue in 2025, Maintains Low Debt Ratio https://freedomonline.com.ng/lagos-state-achieves-n2-6-trillion-revenue-in-2025-maintains-low-debt-ratio/?utm_source=rss&utm_medium=rss&utm_campaign=lagos-state-achieves-n2-6-trillion-revenue-in-2025-maintains-low-debt-ratio https://freedomonline.com.ng/lagos-state-achieves-n2-6-trillion-revenue-in-2025-maintains-low-debt-ratio/#respond Fri, 22 May 2026 12:14:25 +0000 https://freedomonline.com.ng/?p=277715 The Lagos State Government has confirmed a stable debt profile while achieving a record N2.6 trillion in revenue for 2025, marking a 16% increase from N2.3 trillion in 2024. Commissioner for Finance, Abayomi Oluyomi, revealed the figures during the 2026 Ministerial Press Briefing at the Bagauda Kaltho Press Centre, Alausa, Ikeja, celebrating the seventh year […]

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]]> https://freedomonline.com.ng/lagos-state-achieves-n2-6-trillion-revenue-in-2025-maintains-low-debt-ratio/feed/ 0 CBN’s New Foreign Subsidiary Rule Sparks N1.92 Trillion Loss on NGX https://freedomonline.com.ng/cbns-new-foreign-subsidiary-rule-sparks-n1-92-trillion-loss-on-ngx/?utm_source=rss&utm_medium=rss&utm_campaign=cbns-new-foreign-subsidiary-rule-sparks-n1-92-trillion-loss-on-ngx https://freedomonline.com.ng/cbns-new-foreign-subsidiary-rule-sparks-n1-92-trillion-loss-on-ngx/#respond Fri, 08 May 2026 12:26:43 +0000 https://freedomonline.com.ng/?p=276904 ### Rewritten Article:   **CBN’s Foreign Subsidiary Rule Sparks N1.92 Trillion Loss on NGX**   By Taiye Olayemi Lagos, May 7, 2026 (NAN) – The Nigerian Stock Exchange (NGX) ended Thursday’s session in the red, with investors losing a total of N1.92 trillion amid sell-offs in banking and cement stocks. This decline came in reaction […]

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]]> https://freedomonline.com.ng/cbns-new-foreign-subsidiary-rule-sparks-n1-92-trillion-loss-on-ngx/feed/ 0 Fuel and Energy Costs Driving Inflation in Nigeria – Economists https://freedomonline.com.ng/fuel-and-energy-costs-driving-inflation-in-nigeria-economists/?utm_source=rss&utm_medium=rss&utm_campaign=fuel-and-energy-costs-driving-inflation-in-nigeria-economists https://freedomonline.com.ng/fuel-and-energy-costs-driving-inflation-in-nigeria-economists/#respond Sun, 19 Apr 2026 16:38:03 +0000 https://freedomonline.com.ng/?p=275914 Economic analysts have identified rising fuel and energy costs as the key factors behind Nigeria’s recent increase in inflation, warning that price pressures may persist without structural reforms. Speaking in Abuja, experts noted that increases in petrol, diesel, and gas prices are driving up transportation and production costs, leading to higher prices for goods and […]

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]]> https://freedomonline.com.ng/fuel-and-energy-costs-driving-inflation-in-nigeria-economists/feed/ 0 Nigeria Inflation Rate Rises to 15.38% in March 2026 – NBS https://freedomonline.com.ng/nigeria-inflation-rate-rises-to-15-38-in-march-2026-nbs/?utm_source=rss&utm_medium=rss&utm_campaign=nigeria-inflation-rate-rises-to-15-38-in-march-2026-nbs https://freedomonline.com.ng/nigeria-inflation-rate-rises-to-15-38-in-march-2026-nbs/#respond Wed, 15 Apr 2026 16:11:05 +0000 https://freedomonline.com.ng/?p=275703 Nigeria’s headline inflation rate increased to 15.38 percent in March 2026, according to the latest report released by the National Bureau of Statistics (NBS). The figure reflects a 0.32 percentage point rise from the 15.06 percent recorded in February, indicating that the overall cost of goods and services continued to climb during the period. The […]

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