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Economy
Taiwo Oyedele: High Financing Costs, Currency Risks Hold Back Africa’s Economic…
Africa’s push for stronger economic growth and better infrastructure is being held back by expensive financing,…
Nigeria’s Rate Cut Narrows Carry-Trade Advantage as Ghana Offers Wider Real Return
Nigeria’s latest interest-rate cut has changed the dynamics of the West African investment landscape, with…
Nigeria’s FX Supply Rises 20.5% to $8.94bn in 2025 as Dollar Liquidity Improves
Nigeria’s foreign exchange supply rose significantly in 2025, reaching $8.94bn, up 20.5 per cent from the…
Naira Faces Depreciation Pressure as CBN Slashes Interest Rate to 23% — Rewane
The naira could come under renewed depreciation pressure following the Central Bank of Nigeria’s (CBN)…
NSIA, Africa50 launch $300m Nigeria DRE Fund to accelerate renewable energy…
The Nigeria Sovereign Investment Authority (NSIA), Africa50 and Sustainable Energy for All (SEforALL) have…
67.4% of Nigerians Back Petrol Subsidy Return as Fuel Prices Dominate Public…
A new survey by SBM Intelligence has revealed that 67.4 per cent of Nigerians surveyed want the Federal…
Digital Invoicing Must Unlock Affordable Working Capital for Nigerian SMEs,…
Nigeria’s Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has called for the country’s National…
CBN Cuts Interest Rate to 23% as Inflation Eases, Lowest Level Since February 2024
The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) to 23 percent, marking the first…
Nigeria’s Foreign Reserves Hit $55 Billion, Highest Level in Over 18 Years
Nigeria’s foreign reserves have crossed the $55 billion mark, reaching their highest level in more than 18…
CBN’s 350bps Rate Cut Could Spur Economic Growth, Raise FX Pressure Risks
The Central Bank of Nigeria (CBN) has taken a major step toward supporting economic growth, cutting its…
Cash Outside Banks Rises to N4.87 Trillion in August After Three-Month Decline
Cash outside banks in Nigeria rose to N4.87 trillion in August 2026, reversing a three-month downward trend,…
NMDPRA Says It Does Not Fix Petrol Prices as Pump Prices Rise to N1,450
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that it…
CPPE Raises Alarm Over Growing Presence of Foreign Traders in Nigeria’s Retail…
The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns over the growing…
Nigeria’s Foreign Reserves Rise $12.76bn in One Year to $54.61bn
Nigeria’s gross foreign exchange reserves have climbed by $12.76 billion in one year, reaching $54.61 billion as of…
Nigeria’s Exports to Africa Hit N10.72tn as Oil Dominates Trade Growth
Nigeria’s exports to African countries surged to N10.72tn in the first half of 2026, representing a 122.26 per cent…
FG, States and LGs Share N2.34tn as FAAC Revenue Falls 22.2%
The Federal Government, states and local government councils shared N2.338 trillion in August 2026 revenue, marking…
Nigeria Raises N748.6bn From FGN Bonds as Borrowing Rates Ease
Nigeria’s Federal Government has raised N748.64bn through its September 2026 FGN bond auction, as investors showed…
FG Begins Six-Week Review of Nigeria’s New Tax Laws Amid Business Concerns
The Federal Government has commenced a six-week review of Nigeria’s new tax laws following concerns from businesses…
World Bank Mobilises Record $112bn Private Capital for Developing Economies
The World Bank Group has mobilised a record $112 billion in private capital for developing economies in its 2026…
UK Inflation Rises to 3.1% as Petrol and Diesel Prices Surge
The United Kingdom’s inflation rate climbed to 3.1 percent in August 2026, up from 2.9 percent in July, as rising…
Fuel Price Warning: Oil Shock Could Push Brent to $120, Raise Costs for Nigerians
Nigeria is facing a fresh fuel price warning as disruptions to global oil supplies threaten to push Brent crude…
PenCom Extends Pension Verification Deadline to December as 118,901 Federal…
The National Pension Commission (PenCom) has extended the deadline for the mandatory verification and enrolment of…
Nigeria’s Energy Inflation Rises to 4.69% in August as Fuel and Power Costs Remain…
Nigeria’s energy inflation rose to 4.69% in August 2026, reversing the decline recorded in July and highlighting…
Nigeria, Spain Move to Deepen Trade and Investment as Ambassador Calls for…
Nigeria and Spain are looking to strengthen their economic relationship, with Nigeria’s Ambassador to Spain, Okezie…
Nigeria’s Forex Reserves Hit $54bn: What Is Driving the Surge?
Nigeria’s foreign exchange reserves have climbed above the $54 billion mark, giving the country a stronger external…
JPMorgan Relisting: FG Projects $17.5bn Inflow as Nigeria Returns to Global Bond…
The Federal Government has projected that Nigeria’s JPMorgan relisting could attract about $17.5bn into the…
Tinubu Seeks BRICS Investment in AI, Digital Infrastructure and Critical Minerals
President Bola Tinubu has called for stronger investment cooperation between Nigeria and BRICS countries, with a…
Lower Vehicle Tariffs May Not Bring Auto Imports Back to Lagos as Port Costs…
The Federal Government’s decision to reduce vehicle tariffs may have lowered the cost of importing cars into…
India Wants More Nigerian Crude as Shettima, Modi Move to Revive $9bn Trade Ties
India is seeking to increase its purchases of Nigerian crude oil as Abuja and New Delhi move to…
Dangote Refinery IPO: Rewane Sees Nigeria’s Economy Hitting $600bn as IPMAN Urges…
The planned Dangote Refinery IPO is attracting growing attention as the Independent Petroleum Marketers Association…