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Economy
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…
Fraud Losses Hit N134.48bn in Nigeria as CBN Flags Surge in Digital Banking Scams…
Banks and their customers in Nigeria lost a staggering N134.48bn to fraud between 2020 and 2025, according to new…
FG Unveils Guidelines for Tax Acts 2025 Implementation, Clarifies Transition to…
The Federal Government has released comprehensive guidelines to facilitate the implementation of the Tax Acts 2025,…
Nigeria Secures $3bn Solid Minerals Investment Inflow as Mining Reforms Boost…
Nigeria’s solid minerals sector has recorded a major boost, attracting about $3bn in investment inflows within the…
Afreximbank Urges Nigeria, Others to Boost Intra-African Trade to Shield Economy…
The African Export-Import Bank (Afreximbank) has called on Nigeria and other African countries to urgently deepen…
Nigeria’s Oil Boom Pushes Current Account Surplus to $4.98bn in Q1 2026
In a major boost to Nigeria’s external position, the country recorded a current account surplus of $4.98bn in the…
Oil Prices Crash by Over $7 Per Barrel as Brent Drops Below $80 Amid Global Easing…
Global oil markets experienced a sharp downturn this week as crude prices fell by more than $7 per barrel, marking…
DMO Raises N1.49 Trillion in Treasury Bills Auction as Investors Flood Market Amid…
Nigeria’s financial market recorded a major boost as the Debt Management Office (DMO) successfully raised N1.49…
33% Interest Rate Crisis Threatens Nigeria’s $1tr Economy Ambition, Telcos Warn
Nigeria’s telecommunications industry is under severe financial pressure as operators warn that Nigeria’s 33 per…
Foreign Investors Pour $3.3bn into Nigerian Bonds Amid Rising Yields and Strong…
Foreign investors injected $3.23bn into Nigerian bonds in the first quarter of 2026, underscoring growing…
Nigeria Rules Out New Taxes on Fuel and Telecom Services Amid IMF Report Backlash
The Federal Government has firmly dismissed reports suggesting that new taxes could soon be introduced on…
Naira Falls to N1,361.5/$ as FX Market Turnover Plunges 57% Despite Rising…
The Nigerian naira weakened slightly against the US dollar on Wednesday, closing at N1,361.5/$ in the Nigerian…
FG Rules Out New Fuel and Telecom Taxes Amid IMF Recommendations Debate
The Federal Government has moved to calm public concerns by ruling out any immediate plans to introduce new taxes…
FG Unveils Ward-Based Growth Strategy to Strengthen Economy Under Renewed Hope…
The Federal Government has unveiled a fresh development blueprint aimed at strengthening Nigeria’s economy through…