Browsing Category
Economy
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…
UAE Reaffirms Long-Term Investment Commitment to Nigeria as Trade Ties Deepen
The United Arab Emirates has reaffirmed its commitment to long-term investments in Nigeria, underscoring the…
FG Releases Just 4.9% of N54.93tn Road Budget as Funding Gaps Threaten Key Highway…
Despite allocating a massive N54.93 trillion for road construction, rehabilitation and maintenance projects between…
West African Trade Ministers Push Regional Industrialisation Drive at ECOWAS…
West African trade and industry leaders have taken a major step toward deepening regional economic integration…
CBN offers N450 billion Treasury Bills for auction on Wednesday, June 17
The Central Bank of Nigeria (Central Bank of Nigeria) is set to conduct a N450 billion Treasury Bills auction on…
Nigeria External Reserves Rise by $1.01bn in Two Weeks, Cross $50bn as Investor…
Nigeria’s external reserves have continued their upward momentum, rising by more than $1.01 billion in just two…
Stablecoin Inflows in Nigeria Dominate Sub-Saharan Africa, IMF Report Reveals…
Nigeria has emerged as a central hub for digital asset movement in Africa, accounting for about 60% of stablecoin…
Foreign Investors Pour $3.3bn Into Nigerian Bonds as High Yields Drive Confidence…
Foreign investors have significantly increased their exposure to Nigeria’s debt market, injecting about $3.23bn…
IMF Says Naira Undervalued by 25.6%, Estimates Fair Exchange Rate at N1,142 per…
The International Monetary Fund (IMF) has revealed that the Nigerian naira remains significantly undervalued…
Dangote Refinery Cuts Petrol Price by N75 Amid Global Oil Price Drop
Dangote Petroleum Refinery has announced a reduction in the gantry price of Premium Motor Spirit (petrol), slashing…
CBN Liquidity Tightening – N3.83 Trillion Withdrawn Shakes Nigeria’s Financial…
Nigeria’s financial system came under pressure last week as the Central Bank of Nigeria intensified its liquidity…
US–Iran Peace Deal Sends Shockwaves Through Global Markets — What It Means for…
Global relief as US–Iran peace deal calms energy markets
A newly announced peace agreement between the United…
U.S. Stock Futures Flat After Dow Record Close on U.S.–Iran Deal; Asian Markets…
U.S. stock futures were mostly unchanged on Tuesday following a strong rally in the previous session that pushed…
Naira strengthens to N1,356/$ amid rising reserves — strongest level since April…
The Nigerian naira recorded a fresh gain on Monday, strengthening to N1,356 per US dollar at the official foreign…
Nigeria Gas Production Hits 7.93bcf/d in May 2026 as Output Strengthens
Nigeria’s natural gas sector recorded a modest but steady growth in May 2026, with average daily production rising…
Nigeria Inflation Rate Climbs to 15.93% in May as Rising Prices Continue to…
Nigeria's inflation rate rose to 15.93% in May 2026, highlighting the continued pressure of rising prices on…
Nigeria’s Corporate Giants Reap Reform Windfall as Cash Flows Surge 247% in Three…
Three years after President Bola Tinubu introduced sweeping economic reforms, Nigeria’s largest listed companies…
Nigeria Overtakes Morocco as Africa’s Second-Largest Stock Market Amid Record…
Nigeria has climbed to become Africa’s second-largest stock market, overtaking Morocco after a remarkable rally…