Nigeria economy

Nigeria has received another positive signal from international investors after Moody’s Ratings changed the country’s sovereign outlook from stable to positive.The decision reflects stronger foreign exchange reserves, improved external balances and better-than-expected economic growth.But the development is not an...

Dangote Petroleum Refinery is increasingly looking toward export markets for surplus refined products as rising petrol imports create uncertainty over the level of demand it can expect from the Nigerian market.The refinery said imported Premium Motor Spirit (PMS), commonly...

Dangote Petroleum Refinery's petrol pricing has entered another period of volatility, with the refinery making four adjustments in less than a month since returning to naira-denominated sales.The latest increase took effect on August 26, taking the refinery's Premium Motor...

President Bola Tinubu signed a landmark Executive Order (EO) today. This order strips the Nigerian National Petroleum Company Limited (NNPCL) of its power to retain large oil and gas revenues.By ending NNPCL’s revenue deductions, Tinubu aims to boost the...

Nigeria, Africa’s fourth-largest economy in 2025, is poised to climb to third place in 2026, according to the International Monetary Fund (IMF). Data from the IMF’s World Economic Outlook (October 2025 edition) shows Nigeria’s gross domestic product (GDP) at current...