Labour leaders and economic experts have called for a new development model for Nigeria, saying the Structural Adjustment Programme introduced 40 years ago failed to deliver sustainable growth, industrialisation, and improved living standards.
Tag: Nigeria Economy
Nigeria’s net foreign exchange reserves have surged from $3 billion to $40 billion, according to CBN Governor Olayemi Cardoso, highlighting improved external liquidity, stronger investor confidence, and the impact of ongoing monetary reforms on Africa’s largest economy.
Kano, Jigawa Customs Revenue Surges to ₦63.07 Billion in First Half of 2026, Strengthening Nigeria’s Non-Oil Earnings!
Kano/Jigawa Area Command of the Nigeria Customs Service generated ₦63.07 billion in revenue between January and June 2026, surpassing 2025 collections and reinforcing Nigeria’s drive to boost non-oil revenue through customs reforms, trade facilitation, and enhanced compliance.
Nigeria’s Economy Showing Strong Foundations Despite Reform Challenges, Tinubu Tells Deloitte Africa!
President Bola Tinubu says Nigeria’s economy is making foundational progress despite the challenges of ongoing reforms, as Deloitte Africa commends the government’s economic agenda aimed at driving sustainable growth, investment, and long-term stability.
Customs Auctions 20,500 Litres of Intercepted Petrol in Lagos, Intensifies Crackdown on Fuel Smuggling!
Nigeria Customs Service auctioned 20,500 litres of intercepted petrol in Lagos under Operation Whirlwind, intensifying efforts to combat fuel smuggling, protect national revenue, and strengthen Nigeria’s energy security.
US-Iran Conflict Fuels Global Fuel Market Shift as Dangote Refinery Emerges a Major Beneficiary!
Escalating US-Iran tensions are boosting global demand for refined petroleum products, positioning Nigeria’s Dangote Refinery as a major beneficiary while strengthening export earnings, refining margins, and Africa’s energy security.
Dangote Refinery Strengthens Nigeria’s Economy as Afreximbank Credits Project for Easing Forex Pressure and Stabilising the Naira!
Afreximbank says the Dangote Refinery is easing Nigeria’s foreign exchange pressure and helping stabilise the naira by reducing fuel imports. Discover how the refinery is reshaping Nigeria’s economy, boosting industrialisation and strengthening Africa’s energy security.