Nigeria’s real estate sector demonstrated notable resilience in the year under review despite persistent macroeconomic challenges, including high inflation and elevated interest rates, as rapid urbanisation, population growth and a massive housing deficit continued to drive demand, resulting in rising property prices, affordability pressures and renewed investor confidence across key markets. Although figures on Nigeria’s housing shortfall vary, industry experts estimate the

Despite a significant revenue shortfall in the 2025 fiscal year, Nigeria’s economy has recorded notable improvements across key macroeconomic indicators, signalling a gradual but steady recovery driven by policy reforms and improved fiscal and monetary coordination. Inflation, which remained in double digits for most of the past 35 years and peaked at 34.6 per cent in November 2024, declined sharply to 14.45 per cent by November 2025, while foreign reserves rose to about $46

The International Institute of Tropical Agriculture (IITA) and the International Fund for Agricultural Development (IFAD), alongside key development partners, have announced plans to scale up the AgriHub programme to empower at least 30,000 rural youths across Nigeria. The announcement was made in Abuja during a roundtable themed “Creating Rural Youth Employment Opportunities/Support to Agribusiness Hubs in Nigeria”, which brought together government agencies, donors, financi

The Federal Government and the World Bank have reaffirmed their commitment to expanding social protection systems and broadening economic opportunities for poor and vulnerable Nigerians. The pledge was made during the visit of the World Bank’s Regional Manager for Social Protection and Labour for West and Central Africa, Mr. Robert Chase, to the Minister of Budget and Economic Planning, Senator Abubakar Bagudu, in Abuja. Welcoming the delegation, Bagudu expressed gratitude fo

The Central Bank of Nigeria has introduced new cash withdrawal regulations, officially discontinuing the special authorisation that previously allowed individuals to withdraw N5 million and corporate bodies N10 million once a month. The policy update was contained in a circular issued on Tuesday, December 2, 2025, and signed by the Director of Financial Policy & Regulation Department, Dr. Rita I. Sike, who explained that earlier cash policies were designed to suit evolving ec

The Managing Director of the South-West Development Commission (SWDC), Dr Charles Akinola, has reaffirmed that the commission’s drive to revive old and unserviced rail lines across the region is aimed at building a modern rail ecosystem that will reduce transportation costs, expand market access, and create jobs for youths. Akinola stated this on Monday during an interaction with journalists in Lagos, where he commended the Managing Director of the Nigerian Railway Corporatio

Nigeria’s economy expanded by 3.98 per cent in the third quarter of 2025, showing a slight improvement over the 3.86 per cent recorded in the same period of 2024, according to the National Bureau of Statistics (NBS). The services sector contributed the largest share at 53.02 per cent, followed by agriculture at 31.21 per cent. Real GDP rose to N57.03tn in the quarter, up from N54.85tn in Q3 2024, while nominal GDP grew by 18.12 per cent to N113.59tn. The NBS report highlighte

The naira recorded a stronger performance last week, appreciating to 1,446.74 per dollar, representing a 0.69 per cent gain from the previous week’s rate of 1,456.72/$. The currency traded largely below 1,450/$ at the official window, while at the parallel market it slightly strengthened to N1,476/$. The positive trend followed a week of sharp volatility, with analysts noting improved stability at both market ends as liquidity conditions deepened and bid–offer spreads narrowe

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has called for deeper collaboration between Nigerian tertiary institutions and the tax authority to drive innovation and develop practical solutions to national economic challenges. Adedeji made the appeal while delivering the 2025 Distinguished Lecture at the University of Ilesa, Osun State, where he analysed Nigeria’s fiscal realities and outlined reforms aimed at strengthening economic

Nigeria’s headline inflation rate eased to 16.05 per cent in October 2025 from 18.02 per cent in September, the National Bureau of Statistics (NBS) has revealed. This represents a 1.96 per cent decrease, according to the latest Consumer Price Index (CPI) report released on Monday. Data from the report indicate that the country has now recorded seven consecutive months of declining inflation since April 2025. On a year-on-year basis, the headline inflation rate in October 2025

The Lagos State Government has reaffirmed its commitment to supporting Micro, Small and Medium Enterprises (MSMEs) through enhanced visibility, capacity building, and improved market access as it closed the 2025 Lagos International Trade Fair (LITF) on Sunday. Governor Babajide Sanwo-Olu, represented by the Commissioner for Information and Strategy, Mr. Gbenga Omotoso, said investors continue to choose Lagos because of its scale, connectivity, dynamism, and a business climate

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