Nigeria Economy Archives - Independent Digital News Network

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

IDNN2 weeks ago2 weeks ago

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

IDNN2 weeks ago2 weeks ago

2 weeks ago2 weeks 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

IDNN1 month ago1 month ago

1 month ago1 month 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

IDNN1 month ago1 month ago

1 month ago1 month 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

IDNN1 month ago1 month ago

1 month ago1 month 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

IDNN2 months ago2 months ago

2 months ago2 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....

CBN naira abuse warning: Cardoso urges Nigerians to keep currency clean

IDNN2 months ago2 months ago

2 months ago2 months ago0

The Central Bank of Nigeria has warned against spraying, hawking, or mutilating the naira, calling it a national symbol that must be treated with respect....

NNPCL: International Syndicates Behind Oil Theft in Nigeria

IDNN3 months ago3 months ago

3 months ago3 months ago0

The Nigerian National Petroleum Company Limited (NNPCL) has warned that crude oil theft in Nigeria is being driven by sophisticated international syndicates. Group CEO Mele Kyari’s successor, Bashir Ojulari, revealed that intensified collaboration between security and intelligence agencies has restored confidence in pipelines and crippled organised theft networks....

Makinde Defends ₦63.4 Billion Govt House Renovation, Blames Naira Crash

IDNN5 months ago

5 months ago0

Oyo State Governor Seyi Makinde says the ₦63.4bn renovation of the Government House is due to the naira crash and foreign loan repayment stress....

IMF Confirms Nigeria’s Full Repayment of $3.4 Billion COVID Loan, But $30m Charges Remain

IDNN6 months ago

6 months ago0

Nigeria has completed full repayment of the $3.4bn IMF COVID-era loan but faces $30m annual SDR charges...

Nigeria Economy

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

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

Tinubu @65: Economic Milestones vs Nigerians’ Reality

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

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

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

CBN naira abuse warning: Cardoso urges Nigerians to keep currency clean

NNPCL: International Syndicates Behind Oil Theft in Nigeria

Makinde Defends ₦63.4 Billion Govt House Renovation, Blames Naira Crash

IMF Confirms Nigeria’s Full Repayment of $3.4 Billion COVID Loan, But $30m Charges Remain

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