Nigerian Economy - BizNest Daily

Nigeria ranks 56th among the world’s 60 poorest countries by GDP per capita at purchasing power parity in 2026.

Nigeria Ranks 56th Among World’s 60 Poorest Nations

BizNest Daily1 month ago1 month ago05 mins

Nigeria has ranked 56th among the world’s 60 poorest countries by GDP per capita at purchasing power parity, falling from 44th position in 2025.

Information Minister Mohammed Idris speaks on the economic risks of restoring Nigeria’s fuel subsidy.

Restoring Fuel Subsidy Risks Nigeria’s Economic Gains

BizNest Daily1 month ago1 month ago05 mins

Mohammed Idris says restoring petrol subsidy could return Nigeria to the fiscal pressures, market distortions and economic challenges that made the old regime unsustainable.

Nigeria state budgets rise in 2026 as capital spending share declines

State Budgets Hit N40tn as Capital Spending Share Falls

BizNest Daily2 months ago2 months ago09 mins

The 36 states and FCT increased their combined 2026 budgets by 47.5 per cent to N40.14tn, while the share allocated to capital projects fell to 64.34 per cent.

President Bola Tinubu delivering his Democracy Day address while outlining Nigeria's security, economic and power sector reforms.

Fierce Warning: Tinubu Vows Terror Financiers Will Pay Dearly as 13,000 Terrorists Are Neutralised

BizNest Daily4 months ago4 months ago08 mins

President Bola Tinubu has issued a stern warning to bandits, kidnappers and financiers of terrorism, declaring that those responsible for violence against Nigerians must surrender or face the full weight of the law. Speaking during Nigeria’s 27th consecutive Democracy Day celebration and his fourth Democracy Day address since assuming office in 2023, the President said…