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Economy
Naira Depreciates to N1,368/$ Following CBN’s 304th MPC Meeting
The naira faced a steady decline throughout the week, closing at N1,368/$ in the official market, following the…
Rising Public Debt Clouds CBN Rate Cut Despite Economic Gains
Economic experts say Nigeria’s recent macroeconomic improvements are being tempered by a rising public debt…
Global Markets Tumble as U.S.-Israel Strikes on Iran Trigger European Stock Slump
European stock markets are bracing for a sharp downturn at the start of the trading week following major military…
Foreign Transactions on Nigerian Exchange Plunge 75% as Block Trades Disappear
Foreign investor activity on the Nigerian Exchange Limited fell sharply in January 2026, with total foreign…
NGX Loses N1.40tn as Bearish Sentiment Dominates Market
Nigeria’s equities market ended February on a weak note as bearish sentiment swept across the trading floor of the…
States Back Executive Order 9, Say Nigeria Could Gain N1.5 Trillion Annually
The Forum of State Commissioners of Finance has expressed strong support for President Bola Tinubu’s Executive…
Tinubu Extends Raw Shea Nuts Export Ban to 2027 to Boost Nigeria’s Processing…
President Bola Tinubu has approved a one-year extension of the ban on the export of raw shea nuts, effective from…
Nigeria Revenue Service Targets N40.7 Trillion in 2026 Following Tax Reforms
The Nigeria Revenue Service (NRS) has announced an ambitious plan to collect N40.7 trillion in taxes and royalties…
Nigeria Targets 12% Annual Growth to Achieve $1 Trillion Economy
Nigeria will need to maintain annual economic growth of between 10 and 12 percent over the next decade if it hopes…
Investing in Early Childhood Key to Nigeria’s $1tn Economy by 2050 – World Bank
Nigeria’s ambition to become a $1 trillion economy by 2050 may rely more on its youngest citizens than previously…
Naira Slides to N1,359/$ After CBN Interest Rate Cut to 26.5%
The naira slid to N1,359 per dollar on Tuesday after the Central Bank of Nigeria (CBN) announced a 50 basis points…
CBN Cuts Interest Rate to 26.5% as OPS Hails Move as Growth Signal
Nigeria’s apex bank has trimmed its benchmark lending rate in what business leaders describe as a cautious but…
Nigeria’s FX Reserves Rise to $50.4bn – CBN Governor Cardoso
Nigeria’s foreign exchange (FX) reserves have climbed to $50.45 billion, marking the highest level recorded in 13…
How Nigeria’s Naira Rally Can Be Sustained in 2026 – Expert Insights
Nigeria’s naira continues its impressive comeback, marking its strongest performance in 13 years with a 7.5 percent…
Global Mobility Boosts Nigeria’s Economy, Not Capital Flight — Optiva Capital…
The rising trend of Nigerians seeking opportunities abroad is fueling economic growth rather than draining national…
CBN Drives Cross-Border Payment Reforms to Boost Nigerian MSMEs
The Central Bank of Nigeria (CBN) is spearheading reforms in cross-border digital payments to drive growth and…
Nigeria Capital Market Contribution to GDP Hits 33% as Market Cap Surges by…
Nigeria’s capital market has recorded a remarkable expansion, with its contribution to the nation’s Gross Domestic…
FG Targets $5.7bn China Investment Deal to Boost Power, Mining and Manufacturing
Nigeria’s Federal Government is intensifying efforts to secure a $5.7bn China investment deal aimed at transforming…
FG Moves to Secure $5.7bn China Investments to Boost Power, Mining and…
Nigeria’s Federal Government is making a major push to attract up to $5.7 billion in new Chinese investments to…
FG and Japan Launch $50 Million Innovation Fund to Boost Nigerian Startups
The Federal Government of Nigeria, in collaboration with the Japan International Cooperation Agency (JICA), has…
CBN Set to Ease Rates as Inflation Cools and Naira Strengthens
As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) begins its meeting today, analysts are…
Nigeria’s Capital Market Contribution to GDP Hits 33% as Market Surges Past N123…
Nigeria’s capital market has recorded a historic surge, with its contribution to the country’s Gross Domestic…
Nigeria Allocates 5% of GDP to Industrial Financing in Bold Move to Boost…
The Federal Government of Nigeria has unveiled plans to allocate up to 5% of the nation’s Gross Domestic Product…
European Markets Slide as Trump’s 15% Global Tariffs Rattle Investors
European markets are set to open lower on Monday as investors react to U.S. President Donald Trump’s announcement…
FG Commits 5% of GDP to Manufacturing Growth Under Nigeria Industrial Plan
The Federal Government has pledged to channel up to five per cent of Nigeria’s Gross Domestic Product annually into…
Tinubu’s Executive Order to Boost FG, State, and LG Revenues by N15tn: Direct Oil…
President Bola Tinubu’s latest Executive Order is set to transform Nigeria’s oil and gas revenue system, with…
MPC Weighs Policy Easing as Inflation Declines, Analysts Eye Possible Rate Cut
Nigeria’s Monetary Policy Committee (MPC) is preparing for its February 23–24 meeting amid growing debate over…
CBN Warns Digital Payment Growth Could Spark Currency Substitution and FX…
The Central Bank of Nigeria (CBN) has raised alarms over the rapid expansion of digital payments, warning that…
Nigeria Eyes 18% Tax-to-GDP Ratio Through Digital Reforms – Finance Minister Edun
Nigeria is aiming to raise its tax-to-GDP ratio to 18 percent in the medium term, thanks to a series of tax reforms…
FMDQ Exchange Records N676.7 Trillion Turnover in 2025, Signals Strong Market…
Nigeria’s fixed income and foreign exchange market achieved a landmark turnover of N676.71 trillion on the FMDQ…