The Federal Government is trying to hold the line on two major household costs as Nigerians continue to deal with higher living expenses: electricity tariffs and petrol prices. On September 21, 2026, the Minister of Power, Joseph Tegbe, said there were no plans to increase electricity tariffs for now, following reports that another hike could…
Nigeria is facing renewed economic pressure as exceptionally high interest rates combine with renewed weakness in the naira, raising concerns over borrowing costs, business activity and household purchasing power. The Central Bank of Nigeria has maintained its benchmark Monetary Policy Rate at 26.5 per cent, following its July 20–21 Monetary Policy Committee meeting. The decision…
There is good news coming out of Nigeria’s economy in 2026. There is also a catch — and it’s a big one. Nigeria recorded the greatest improvement in business activity among eight major African economies in May 2026, defying mounting inflationary pressures triggered by escalating tensions in the Middle East that have pushed up global…
