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Nigeria expects its federal fiscal deficit to come in below target this year as higher revenue and lower borrowing costs ease pressure on the West African nation’s budget, Finance Minister Taiwo Oyedele said.
The announcement by industrialist Aliko Dangote, comes weeks after he laid the foundation stone for an oil refinery in Kenya's Lamu port.
President Bola Tinubu said on Monday 19 October that Nigeria will not bring back the fuel subsidy, as petrol sells near US$1.05 a litre before the vote. The post Nigeria Fuel Subsidy Will Not Return 19 Oct appeared first on The Rio Times.
Deutsche Bank AG is betting the Nigerian naira will strengthen against the US dollar as it adds the West African nation to its frontier foreign exchange monitor, a tool it uses to watch currencies in smaller, less liquid markets.
Finance Minister Taiwo Oyedele said Nigeria targets 7% growth, above the IMF's 4.3%, and called the fund's projections too conservative. The post Nigeria Growth Target Is 7%, Above IMF 4.3% appeared first on The Rio Times.
Nasarawa is at the heart of Nigeria’s lithium boom, where artisanal miners hope to benefit from the clean energy race.
Nigeria's annual inflation slowed to 14.63% in September from 15.39% in August, while core prices rose 1.11% in the month, official data show. The post Nigeria September Inflation Falls to 14.63% appeared first on The Rio Times.
Nigeria's inflation rate faces a critical test as September data looms, testing whether disinflation can survive food and fuel pressures. The post Nigeria Inflation Rate Tested as September Data Looms appeared first on The Rio Times.
Nigeria's September inflation release on 15 October will show whether disinflation has stalled, with food prices forecast near 20%. The post Nigeria Inflation Rate Test Looms on 15 October appeared first on The Rio Times.
Shell has agreed to sell Shell Nigeria Gas, its domestic gas distribution unit serving over 130 industrial customers, to local firm Vaaris Energy. The post Shell Sells Its Nigeria Gas Unit to Vaaris Energy appeared first on The Rio Times.
Nigeria resources in one guide: oil and gas reserves, output, lithium and gold, farmland and water, who extracts and profits, and the toll on the Niger Delta. The post Nigeria Natural Resources Explained 2026 appeared first on The Rio Times.
Nigeria's public debt hit US$120.93 billion in June 2026, and the 13 October hearing will test whether revenue can cover rising interest costs. The post Nigeria Public Debt Hits US$120.93 Billion in 2026 appeared first on The Rio Times.
Zambia’s kwacha is up 14.8% against the US dollar in 2026 and Nigeria’s naira 8.5%, while Uganda’s shilling fell 10%: a ranking of 12 African currencies. The post Kwacha Leads African Currencies in 2026 appeared first on The Rio Times.
Nigeria foreign players explained: the World Bank, Eurobond buyers, China, Gulf banks, US and UK funds, oil majors and a US$22.8 billion diaspora. The post Foreign Powers and Investors in Nigeria 2026 appeared first on The Rio Times.
Nigeria's finance minister unveiled a raft of measures Thursday aimed at cushioning against energy shocks as the country prepares to go to the polls, including a petrol discount for public transport operators
Nigeria stocks lost about US$1.0 billion in one session on 8 October. Energy shares led the fall, while the naira held steady for dollar investors. The post Nigeria Stocks Shed US$1 Billion as Energy Shares Slide appeared first on The Rio Times.
Nigeria has put 40 oil and gas blocks up for bidding and will make every bidder name its real owners, a test of reforms watched by US oil investors. The post Nigeria Offers 40 Oil Blocks in New Licensing Round appeared first on The Rio Times.
A minister claims some Nigerian staple food prices have dropped by up to 50%, but official statistics show food cost about a fifth more than a year ago. The post Nigeria Says Food Prices Fell Up to 50%, Data Differ appeared first on The Rio Times.
Nigeria's aviation minister says ending the fuel subsidy, not loans, paid for a US$500 million Lagos airport rebuild. Who builds it and what is still open. The post Nigeria’s Aviation Minister Links Lagos Airport Rebuild to Fuel Subsidy Cut appeared first on The Rio Times.
DR Congo's electricity regulator says it reviewed US$2.3 billion of power projects in its first 100 days, with 2.6 GW of potential capacity. The post DR Congo Regulator Reviews US$2.3 Billion of Power Projects in 100 Days appeared first on The Rio Times.
Nigeria’s neighbours Benin, Niger, Chad and Cameroon shape its trade, security threats and road corridors; here is what newcomers should know. The post Nigeria Neighbours Explained, West Africa in 2026 appeared first on The Rio Times.