Browsing Category
Economy
Africa’s top 15 agro-exports driving trade growth
Africa’s agricultural sector is proving to be one of the continent’s strongest economic engines, with cocoa,…
Dangote refinery eyes $2bn in historic listing – Report
Africa’s largest refinery is preparing to make history as Dangote Petroleum Refinery moves closer to a landmark…
Tinubu Urges Africa to End Raw Material Exports, Embrace Industrialisation for…
President Bola Tinubu has challenged African nations to break away from the decades-long cycle of exporting raw…
El Niño Threatens Nigeria’s Power Supply as Hydropower Generation Faces Major…
Nigeria’s electricity sector could be heading toward another period of instability as climate experts warn that the…
Nigeria’s Intra-African Trade Hits $9bn as AfCFTA and Policy Reforms Drive Growth
Nigeria’s trade with other African countries climbed to $9.02 billion in 2025, marking a significant increase from…
Analysts Predict Mixed Outlook for Nigerian Stocks in H2 2026
After an exceptional first half of 2026, Nigeria's stock market is entering a critical phase that could redefine…
Naira Suffers Sharpest Fall Since April as Dollar Strength Pushes Exchange Rate to…
Nigeria's currency came under renewed pressure on Wednesday, recording its sharpest single-day depreciation since…
FG Pushes African Cross-Border Payment Card to Boost Trade and Reduce Dollar…
The Federal Government has unveiled plans to champion the creation of an African cross-border payment card that…
ACCI Warns FG Against Tax Policies That Could Hurt Businesses as Nigeria Pursues…
As Nigeria intensifies efforts to build a $1 trillion economy, the Abuja Chamber of Commerce and Industry (ACCI)…
OMO Maturities Inject N3.39tn Liquidity into Nigeria’s Banking System, Drive…
The Nigerian financial system is set for a major liquidity boost this week, with an estimated N3.39 trillion…
MAN Seeks N1 Trillion Stabilisation Fund as Manufacturing Credit Plunges by 22.5%
Nigeria's manufacturing sector is facing mounting financial pressure after commercial bank credit to the industry…
Trump Orders Probe Into Alleged Petrol Price Gouging by Major Oil Companies
President Donald Trump has directed the US Department of Justice to investigate major oil companies over…
Nigeria Inflation Outlook Brightens as Analysts Predict Gradual Decline from July
Nigeria's inflation outlook is showing signs of improvement as financial analysts project a gradual easing of price…
Naira Falls to Four-Week Low as Stronger U.S. Dollar Puts Pressure on Nigeria’s…
The Nigerian naira slipped to N1,373 against the U.S. dollar at the official foreign exchange market on June 23,…
Petrol Price Drop Sparks Fears of CNG Abandonment as Nigerian Motorists Reconsider…
The recent decline in petrol prices across Nigeria is beginning to reshape consumer behavior, with oil marketers…
Fitch warns Nigeria against $5bn Abu Dhabi loan, says financing method poses risks
Nigeria’s proposed $5 billion financing arrangement with First Abu Dhabi Bank has come under fresh scrutiny after…
Lithium Demand Set to Surge 353% by 2040 as Nigeria Attracts Global Scramble for…
Global demand for lithium is expected to skyrocket by 353 per cent by 2040, according to projections from the…
Nigerians Hold N5.19 Trillion Cash Outside Banks as Cash Usage Defies Digital…
Nigeria’s push toward a cashless economy continues to face strong resistance, as new data shows that Nigerians are…
Nigeria Among Nine Countries Responsible for 83% of Global Gas Flaring, World Bank…
Nigeria has once again been identified as one of the world’s top contributors to gas flaring, as a new World Bank…
SEC Nigeria Pushes for Stronger African Capital Market Collaboration as Nigeria…
The Securities and Exchange Commission (SEC) Nigeria has renewed its push for deeper integration among African…
Nigeria, Rwanda Strengthen Capital Markets Ties with New Regulatory Partnership
Nigeria and Rwanda have taken a significant step toward deeper financial integration in Africa following the…
Nigeria’s Money Supply Climbs to N129.21 Trillion as Liquidity Expands Despite…
Nigeria’s broad money supply (M3) rose to N129.21 trillion in May 2026, highlighting continued liquidity growth in…
Nigeria Businesses Face Tax Deadline Pressure as CIT Filing and E-Invoicing Rules…
Nigerian businesses are entering a high-pressure compliance season as two major tax obligations converge at the end…
Nigeria Inflation Rate May Ease to 15.8% in June 2026 Despite Cost Pressures –…
Nigeria’s inflation outlook may be heading for slight relief as analysts project that the Nigeria inflation rate…
Nigeria FX Market Turnover Rises to $2.32bn as FX Forwards Surge 129% Amid…
Nigeria’s foreign exchange market recorded a noticeable uptick in activity, with total turnover in the FX spot and…
Nigeria’s Foreign Reserves Hit $51.04 Billion, Highest Level in 17 Years as…
Nigeria’s foreign reserves have surged to $51.04 billion, reaching their highest level in nearly 17 years and…
DBN Secures €200m EIB Funding to Power Nigeria’s Green and Digital Economy Push
Nigeria’s push toward a greener and more digitally driven economy has received a major boost as the Development…
Nigeria’s Tax Revenue Surges 49% to N15.8 Trillion in Five Months on Strong Oil…
Nigeria’s tax revenue recorded a sharp increase in the first five months of 2026, rising by 49% year-on-year to…
Nigerian Stock Market Loses N2.5 Trillion in Three Days as Weak Sentiment Hits…
The Nigerian stock market extended its losing streak on Wednesday, wiping out about N2.5 trillion in just three…
Naira Gains as British Pound Falls to N1,825/£ Amid UK Political Uncertainty
The Nigerian naira recorded a notable gain against the British pound, trading around N1,825/£1, as uncertainty in…