Nigeria Economy Archives - Independent Digital News Network

Egg Prices Hit ₦8,500 as Poultry Crisis Deepens in Nigeria

Egg prices in Nigeria have surged to as high as ₦8,500 per crate, reflecting a deepening poultry crisis driven by rising feed costs, inflation, and supply disruptions. Farmers warn of further increases as production struggles intensify, placing additional pressure on households already battling food inflation and weakening purchasing power across major cities nationwide.

Tinubu Reforms Trigger Public Backlash as Nigerians Debate Economic Hardship and Policy Direction

IDNN1 month ago1 month ago0

Tinubu reforms backlash is intensifying as Nigerians react to rising living costs, fuel prices, and electricity tariffs linked to recent policy changes. While the government defends the reforms as necessary for long-term stability, public sentiment reflects growing frustration, with citizens and analysts debating whether the economic pain is a temporary sacrifice or a sign of deeper structural strain.

IMF Global Growth Outlook 2026 Nigeria Ranks Among Top Contributors

IDNN3 months ago3 months ago0

Nigeria has been listed among the world’s top contributors to global economic growth in 2026, according to the International Monetary Fund. The IMF global growth outlook 2026 Nigeria projection places the country ahead of several advanced economies in the Fund’s latest ranking and underscores a wider shift toward emerging markets as the main engines of world expansion.

Rewane Projects Inflation Averaging 16% in 2026

IDNN3 months ago3 months ago0

Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane, has projected that inflation averaging 16% will define Nigeria’s economic outlook in 2026. He attributes the forecast to base-year effects from the new CPI methodology, exchange rate pressures and debt servicing costs, urging businesses to prioritise strategic liquidity and risk management amid lingering macroeconomic uncertainty.

Confidence Abroad, Contraction at Home: The Split Reality of Nigeria’s 2025 Economy

IDNN6 months ago6 months ago0

Nigeria is winning praise abroad but losing traction at home. From FATF reforms that restored global confidence to Dangote’s refinery expansion signaling industrial ambition, the country looks renewed on paper — yet on the ground, manufacturing is stalling, demand is collapsing, and inflation keeps biting. This is Nigeria’s new economic paradox.

Nigeria Exits FATF Grey List as CBN Declares Confidence Restored in Financial System

IDNN6 months ago6 months ago0

Nigeria’s removal from the Financial Action Task Force (FATF) grey list marks a major credibility win for the country’s financial system. The Central Bank says it reflects stronger anti-money laundering reforms, improved compliance, and renewed investor confidence — potentially unlocking billions in foreign capital inflows and lowering compliance risks for banks.

Tinubu @65: Economic Milestones vs Nigerians’ Reality

IDNN7 months ago7 months ago0

President Bola Tinubu marked Nigeria’s 65th Independence Day by listing 12 “remarkable economic milestones,” but citizens question the impact amid high living costs.

FG Brokers Peace in Dangote–PENGASSAN Face-Off After 48-Hour Standoff

IDNN7 months ago7 months ago0

After two days of tense conciliation talks, the Federal Government has brokered peace between PENGASSAN and Dangote Refinery, securing redeployment for sacked workers and a phased strike suspension.

Tinubu’s Tax Tsunami: From “Runs Girls” to Influencers, All Income Now Taxable

IDNN7 months ago7 months ago0

Tinubu’s sweeping tax reforms declare every form of income taxable, from sex work to social media influencing, triggering shockwaves across Nigeria’s economy and culture.

Dangote DAPPMAN subsidy dispute deepens as refinery dares marketers to go to court

IDNN8 months ago8 months ago0

Dangote Refinery has challenged petroleum marketers to seek legal redress over subsidy demands, rejecting calls for a ₦1.5trn intervention to balance fuel prices.