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Economy
CBN Sets Sights on Single-Digit Inflation with New Monetary Policy Framework
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to bringing inflation down to single-digit levels…
European Stocks Rebound as Trump Signals Iran War De-escalation
European stock markets staged a strong comeback on Monday after U.S. President Donald Trump hinted at a potential…
Fuel Price Surge in Nigeria Strains Households and Businesses Amid Middle East…
Commuters and business owners in Nigeria were left shocked this weekend as petrol prices surged unexpectedly, with…
European Markets Slide as Trump’s Hormuz Deadline Rattles Investors
European markets are bracing for a sharp downturn as geopolitical tensions between the United States and Iran…
CBN Targets Single-Digit Inflation as Nigeria Shifts to New Monetary Policy…
Nigeria’s central banking authority, Central Bank of Nigeria (CBN), has reaffirmed its commitment to bringing…
Nigeria’s Imports from Europe Plunge 23% as Asia, Especially China, Take the Lead
Nigeria’s imports from Europe fell sharply by N5.36 trillion in 2025, highlighting a shift in the country’s trade…
Food Bills Soar in Nigeria, Outstrip Household Spending Despite Easing Inflation
Nigerian households are grappling with a sharp rise in food expenses, now spending significantly more on meals than…
CBN Survey Shows Nigerian Families Strained as Banks Set to Raise Interest Rates
Nigerian households are feeling the squeeze as rising costs and tightening credit conditions continue to limit…
Nigeria’s Diaspora Remittances Surge 97% YoY to $107.47 Million in January 2026
Nigeria’s diaspora remittances have shown remarkable resilience, with total inflows reaching $1.22 billion in 2025…
Nigeria’s Economic Reforms Drive Growth and Investment under President Tinubu
Nigeria is witnessing renewed economic momentum as the administration of President Bola Tinubu implements major…
Exchange Rate Stability and Rising Demand Boost Nigerian Business Confidence – CBN…
Businesses across Nigeria are showing strong optimism for the coming months, fueled by improving demand, easing…
Nigeria Secures £746M UK Financing to Modernize Lagos Ports – Boost for Trade and…
Nigeria has secured a £746 million financing agreement with the United Kingdom to modernize its key Lagos ports,…
Global Investor Confidence Boosts Nigeria’s Equity Market – Temi Popoola
Nigeria’s equity market is attracting renewed global attention as investor confidence grows, according to Temi…
Naira Slips to N1,385/$ as Middle East Tensions Shake Global Markets
The Nigerian naira has come under renewed pressure, weakening to N1,385 against the US dollar as escalating…
Taiwo Oyedele Pledges Swift Implementation of Nigeria’s Tax Reforms as Minister of…
Newly appointed Minister of State for Finance, Mr. Taiwo Oyedele, has vowed to ensure Nigeria’s tax reforms move…
Nigeria’s $1 Trillion Economy Goal: Oyedele and Uzoka-Anite Commit to Fiscal…
Newly sworn-in ministers of state, Finance, Taiwo Oyedele, and Budget & Economic Planning, Doris Uzoka-Anite,…
Nigeria Sees $96bn in Crypto Transactions as SEC Moves to Strengthen Oversight
Nigeria’s digital finance ecosystem has reached a staggering $96 billion in cryptocurrency and other virtual asset…
AfDB Grants $5.52M to Boost Tax Systems in Nigeria and West Africa
The African Development Bank (AfDB) has approved a $5.52 million grant to strengthen tax systems in Nigeria and…
Nigeria’s New Tax Reforms to Ease Burden on Workers and Small Businesses
Nigeria’s latest tax reforms are set to bring relief to workers and small businesses, according to Joseph Tegbe,…
Cash Outside Banks Drops by N198bn as Nigeria’s Money Supply Dips in January 2026
Nigeria saw a significant reduction in cash held outside the banking system in January 2026, with N197.68bn…
European Markets Set to Open Higher as Oil Prices and Middle East Tensions…
European markets are expected to begin the week on a positive note, even as investors remain cautious about rising…
Mixed Auction Results Weigh on Nigeria’s Fixed-Income Market as Investors Remain…
Nigeria’s fixed-income market faced a difficult week as mixed auction results and cautious investor sentiment…
China, US, and Key Global Players Dominate Nigeria’s N17.25 Trillion Import Market…
Nigeria’s import trade in the fourth quarter of 2025 remained heavily concentrated, underlining the country’s…
Tinubu’s Economic Reforms Push Nigeria’s Poverty Rate to 63% – Report
Economic reforms under President Bola Tinubu have pushed Nigeria’s poverty rate to a staggering 63%, according to a…
NGX Group, CSCS, WIMBIZ Champion Women’s Empowerment Through Capital Markets
Nigerian Exchange Group Plc (NGX Group), in partnership with Central Securities Clearing System Plc (CSCS) and…
Petrol Price Hikes in Nigeria Hit Poor Families Hardest, Says Agora Think-Tank
Rising petrol prices and electricity tariffs in Nigeria are disproportionately affecting the country’s poorest, a…
Petroleum Subsidies and FX Distortions Cost Nigeria 6% of GDP – CBN Reveals…
Nigeria’s economy narrowly avoided a collapse as years of mismanaged petroleum subsidies and foreign exchange…
FG Cuts Domestic Debt Service by 38% in January 2026, Signaling Stronger Fiscal…
The Federal Government (FG) of Nigeria has significantly reduced its domestic debt service payments, spending…
CBN-Led Bank Recapitalisation Boosts Nigeria’s Path to a $1 Trillion Economy
The Central Bank of Nigeria (CBN) is nearing the completion of a landmark bank recapitalisation exercise set to…
Nigeria’s Economy Resilient Amid US-Iran Tensions, Says CBN Governor
Nigeria’s economy is poised to withstand potential shocks from escalating tensions in the Middle East, according to…