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Economy
Nigeria’s Oil Sector Contributes 3.92% to GDP in Q1 2026 Despite Improved Growth…
Nigeria’s oil sector accounted for 3.92% of the country’s real Gross Domestic Product (GDP) in the first quarter of…
Naira Weakens to N1,375/$ Amid Rising FX Pressure Despite $48.72bn External…
The Naira weakened to N1,375.46 per dollar in the official market last week, marking a 0.32% decline as pressure…
MPC Holds Interest Rate at 26.5% as Inflation Pressures Rise: What It Means for…
At its 305th meeting, Nigeria’s Monetary Policy Committee (MPC) chose to keep the Monetary Policy Rate (MPR)…
Nigeria’s Economic Pulse: NBS GDP Report, AfDB Meetings, Dangote Refinery IPO and…
Nigeria and the wider African business landscape are set for a packed week of economic signals and…
Cooking Gas Crisis in Nigeria: Prices Hit ₦1,500/kg as Marketers Warn of Scarcity…
Nigeria’s cooking gas market is under fresh pressure as marketers raise alarm over worsening scarcity and a sharp…
Nigeria’s Foreign Reserves Rebound by $551 Million in May, Boosting Confidence in…
Nigeria’s foreign reserves have recorded a remarkable recovery, rising by approximately $551 million within the…
CBN Sells N829.32bn Treasury Bills as Investors Rush Long-Term Papers Amid Strong…
The Central Bank of Nigeria (CBN) has allotted a total of N829.32 billion at its Treasury Bills Primary…
Naira Strengthens to ₦1,840/£1 as UK Political Tensions Weigh on Pound Sterling
The Nigerian naira has recorded a fresh gain against the British pound sterling, trading at ₦1,840/£1 according to…
Trade growth: Nigeria’s maritime sector shows early gains from reforms
Nigeria’s maritime industry is beginning to show clear signs of recovery and expansion, with new data from…
Asia-Pacific Markets Rally as Investors Weigh U.S.-Iran Peace Deal Prospects
Asia-Pacific stock markets ended Friday on a strong note as investors reacted positively to ongoing diplomatic…
CBN Holds Interest Rate at 26.50%: What It Means for Mutual Funds, Pension Returns…
The Central Bank of Nigeria (CBN) has maintained its Monetary Policy Rate (MPR) at 26.50%, a decision that is…
Naira Strengthens Against Euro as CBN Holds Interest Rate at 26.5% Amid Economic…
The Nigerian Naira has recorded a notable gain against the Euro, strengthening by about 5.4% since the start of the…
World Bank Group Targets $23bn Private Capital Push to Power Africa’s Jobs and…
The World Bank Group has announced an ambitious plan to mobilise around $23 billion in private capital for Africa,…
CBN Interventions Drop Below 2% as FX Market Deepens, Says Cardoso
The Central Bank of Nigeria (CBN) has stated that its direct involvement in the foreign exchange market has…
CBN Retains Interest Rate at 26.5% as External Shocks Drive Inflation Pressure in…
The Central Bank of Nigeria (CBN) has maintained its benchmark interest rate at 26.5 percent, following its…
Insurance Firms Double Tax Payments to N15.2bn Despite 15% Drop in Profit Before…
Nigeria’s insurance sector recorded a significant rise in tax contributions in 2025, with 11 major insurance…
Dangote Refinery Listing to Open Africa’s Industrial Future to Investors
President of the Dangote Group, Aliko Dangote, has revealed that the planned listing of Dangote Petroleum Refinery…
Africa Set to Receive $6.4 Billion Annual Investment Guarantees as World Bank Arm…
Africa is set for a major boost in development financing as the World Bank’s Multilateral Investment Guarantee…
How Africa’s misaligned gas commercial model hurts its economies
Across Africa, a strange economic contradiction is unfolding: countries rich in natural gas reserves continue to…
Nigeria’s Oil Sector Booms as Local Content Policy Drives 117 Operating Firms and…
Nigeria’s oil and gas sector is undergoing a major transformation as local content policies continue to reshape the…
W’Bank flags skills deficit across African economies
A growing mismatch between the skills African workers have and what employers actually need is becoming a major…
FGN Bond Subscriptions Drop 45% as Investors React to Higher Yields in 2026…
Investor confidence in Federal Government of Nigeria (FGN) bonds weakened in May 2026, as total subscriptions…
European Stocks Slip as Bond Yield Surge, Inflation Data Weigh on Investor…
European stock markets opened in negative territory on Wednesday as investors grappled with rising global bond…
World Bank says global carbon pricing revenue tops $107 billion in 2025
Global carbon pricing revenue climbed above $107 billion in 2025, marking another milestone in the worldwide push…
CBN Set to Maintain Tight Monetary Policy as Inflation and Global Oil Shock Deepen…
Financial analysts and economists are widely expecting the Central Bank of Nigeria (CBN) to maintain its current…
Tax reform: FG opens free dispute resolution channels
The Federal Government has launched a new free tax dispute resolution system in Nigeria, allowing taxpayers to…
CBN Likely to Hold Interest Rate at 26.5% as Inflation Pressures Persist —…
Nigeria’s monetary policy direction is once again in focus as the Central Bank of Nigeria (CBN) prepares for its…
AKK Gas Pipeline Project Set to Revolutionize Nigeria’s Economy and Industrial…
Nigeria’s ambitious $2.8 billion Ajaokuta–Kaduna–Kano (AKK) gas pipeline project is being described as a…
CBN Monetary Policy Rate Decision: Analysts Expect Hold at 26.5% Amid Rising…
Analysts are widely expecting the Central Bank of Nigeria (CBN) to keep its Monetary Policy Rate (MPR) unchanged at…
Asia Markets Mixed as Oil Prices Ease After Trump Delays Iran Strike Amid Global…
Asia-Pacific financial markets traded in a mixed pattern on Tuesday as investors reacted to easing oil prices and…