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Economy
Nigerians Expect Inflation to Ease in Six Months Despite Ongoing Price Pressures –…
Despite ongoing pressure on household budgets, Nigerians are beginning to believe that inflation may slow down in…
Nigeria’s Economic Reforms Gain IMF Backing as FG Pledges Sustained Policy Drive
The Federal Government has reaffirmed its commitment to sustaining ongoing economic reforms following a positive…
AfDB Pledges $86m to Boost Nigeria Agro-Industrial Zones as SAPZ Gains Fresh…
The African Development Bank (AfDB) has pledged $86 million to support Nigeria’s Special Agro-Industrial Processing…
FX Reforms Boost Global Naira Card Usage as Banks Raise Dollar Limits
Improved foreign exchange liquidity in Nigeria, driven by sweeping economic reforms, is reshaping how Nigerians use…
Intra-African Trade Set to Hit $250bn in 2026 as AfCFTA Pushes Economic…
Intra-African trade is on track for a major milestone in 2026, with projections indicating it could rise to $250…
Business Confidence in Nigeria Climbs as CBN Survey Signals Stronger Economic…
Nigeria's business community showed renewed optimism in May 2026 as confidence levels improved significantly…
Dangote Refinery Hits $39.1 Billion Valuation as Investors Rush Into $1 Billion…
The Dangote Petroleum Refinery has reached a remarkable valuation of $39.1 billion as it moves to raise fresh…
Nigeria Imports N654.94bn Worth of Goods from Africa in Q1 2026 — South Africa,…
Nigeria’s African Imports Hit N654.94bn in Q1 2026 as South Africa Tops Trade Partners
Nigeria’s import trade with…
Naira Holds at N1,361/$ as Dollar Strengthens on Strong U.S. Jobs Data and Fed…
The Nigerian naira maintained a relatively stable position against the U.S. dollar, settling around N1,361/$ in…
Nigeria’s Foreign Debt Projected to Hit $72.6bn by 2027 Amid Election Spending…
Nigeria’s external debt is projected to rise sharply to $72.6bn by 2027, according to the International Monetary…
Stock Futures Fall After U.S. Strikes Iran Amid Rising Middle East Tensions
U.S. stock futures slipped early Wednesday as investors reacted sharply to escalating geopolitical tensions after…
CBN Drains N1.69 Trillion in Fierce Liquidity Mop-Up as Investors Rush Long-Term…
The Central Bank of Nigeria stepped up its liquidity control measures on June 8, 2026, draining a massive N1.69…
Tinubu’s Nigeria Sees $10bn Capital Inflow, But Investors Prefer Lending Over…
Nigeria’s capital inflows have hit a new record under President Bola Tinubu, with $10 billion entering the country…
Foreign capital inflows into manufacturing sector drop by 50.7% in Q1
Nigeria’s manufacturing sector has suffered a steep setback in attracting foreign investment, with capital inflows…
IMF cautions Nigeria on $5bn Abu Dhabi swap deal
The International Monetary Fund (IMF) has urged Nigeria to exercise caution over its proposed $5 billion Total…
Dangote Named Africa’s Most Admired Brand for 8th Straight Year
Dangote Industries Limited has once again cemented its reputation as Africa’s most admired brand, retaining the top…
Nigeria Records ₦7.54 Trillion Trade Surplus in Q1 2026 as Oil Exports Surge (Up…
Nigeria has recorded a massive trade breakthrough in the first quarter of 2026, posting a trade surplus of ₦7.54…
Nigeria Stock Market Slowdown Linked to New T+1 Settlement Cycle as Foreign…
Nigeria’s stock market is experiencing a noticeable slowdown just days after the launch of its new T+1 settlement…
Nigeria Trade Surplus Hits N7.55 Trillion in Q1 2026 as Oil Exports Drive 340%…
Nigeria’s external trade performance opened 2026 on a strong note as the country recorded a massive trade surplus…
Lagos Targets $300 Billion Economy, Strengthens Position as Africa’s Investment…
Lagos State has reaffirmed its position as Africa’s leading investment destination, unveiling ambitious plans to…
Nigeria Seeks €59m EU Support to Combat Illegal Fishing and Boost Blue Economy
Nigeria has moved to secure a major €59 million support package under the West Africa Sustainable Ocean Programme…
CBN Tightens FX Rules, Slaps N100 Million Fine on Banks Over Non-Compliant…
The Central Bank of Nigeria (CBN) has rolled out a major overhaul of its foreign exchange regulations, introducing…
Dangote Refinery IPO Could Lift NGX Market Cap to N236 Trillion – Rewane
Bismarck Rewane, Managing Director of Financial Derivatives Company (FDC), has projected that the planned initial…
Reps Recover ₦521.7m VAT from CBN in Remita Revenue Leak Probe
The House of Representatives Public Accounts Committee has recovered ₦521.77 million in unremitted Value Added Tax…
Global Markets in Turmoil as Middle East Tensions Spark Sell-Off — Asia Leads…
Global financial markets were thrown into uncertainty on Monday as rising tensions in the Middle East triggered a…
Equities market succumbing to rising risk, loses nearly N5tr in one week
Nigeria’s equities market suffered one of its steepest weekly declines in recent years, with investors losing…
CBN Mops Up N3.04 Trillion in Massive OMO Auction as Investor Demand Hits Record…
The Central Bank of Nigeria withdrew N3.04 trillion from the banking system in a single OMO auction after investors…
Nigeria Stock Market Decline Deepens as Analysts Explain N5.14 Trillion Drop
The Nigerian stock market has entered a sharp correction phase, erasing more than N5.14 trillion in market value…
NGX Market Crash: Investors Lose N5.15 Trillion in Just Four Trading Days Amid…
The Nigerian stock market has suffered a sharp setback as investors on the Nigerian Exchange Limited (NGX) lost a…
UK Calls Nigeria Stability a Priority Amid Rising Economic and Electoral Interests
The British Government has emphasized that Nigeria’s stability remains a top priority, citing its deep economic,…