Real Time Financial News Website
A growing trust deficit is threatening the success of Nigeria’s latest tax reform, as citizens increasingly link compliance to tangible improvements in public services. According to a new SBM Intelligence…
Nigeria’s business environment faced mounting challenges in January 2026, as rising operational costs and weakening consumer demand slowed economic activity to its lowest level in six months. According to the…
Nigeria’s 2026 budget cycle is shaping up to be one of the most ambitious in recent years, as proposed spending by state governments surged to about N36.98 trillion, representing a…
Experts in information technology have underscored that cybersecurity is vital for Nigeria’s economic growth and digital development, warning that inadequate digital protection could leave the country lagging in the global…
The Federal Government of Nigeria has taken a major step to accelerate infrastructure development by signing a landmark cooperation agreement with the International Finance Corporation (IFC), part of the World…
Nigeria’s economy maintained a strong growth trajectory in January 2026, with the Central Bank of Nigeria’s (CBN) composite Purchasing Managers’ Index (PMI) rising to 55.7 points. This marks the fourteenth…
Nigeria’s private sector started 2026 on a cautious note, with the latest Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) showing a decline in business activity. The headline PMI slipped…
Nigeria’s foreign exchange environment is showing signs of a sustained recovery as reforms by the Central Bank of Nigeria (CBN) converge with rising global oil prices to strengthen the naira,…
Nigeria’s pension industry recorded one of its strongest performances in 2025, with assets under management rising by about ₦4.5 trillion to close the year at ₦27.45 trillion, largely driven by…
President Bola Ahmed Tinubu has reiterated that there is “no turning back” on Nigeria’s economic reform agenda, even as the World Bank praised the country for its consistent and credible…
Nigeria’s recent tax reforms are positioning the country as a rising contributor to the global economy, with the International Monetary Fund (IMF) projecting that Nigeria will account for 1.5 per…
Nigeria is positioning itself for stronger economic growth, with the Federal Government targeting a 7% expansion of the nation’s GDP by 2027–2028. Finance Minister and Coordinating Minister of the Economy,…
The Nigerian Economic Summit Group (NESG) has named two leading figures from the energy and corporate sectors to its Board of Directors, signaling a renewed push to leverage private-sector expertise…
The Federal Government of Nigeria raised a total of N1.5 trillion in its first bond auction of 2026, signaling strong investor confidence in government securities. The Debt Management Office (DMO)…
Nigeria’s oil revenue experienced a dramatic decline in 2025 as the Nigerian National Petroleum Company (NNPC) delivered only N604.61 billion to the Federation Account Allocation Committee (FAAC), far short of…
Nigeria’s oil exports will decline sharply in February as production from the Bonga Floating Production Storage and Offloading (FPSO) facility is temporarily halted for scheduled maintenance, cutting output by 225,000…
Eight major Nigerian manufacturing firms spent a combined N1.01 trillion on energy and raw materials in the nine months ending September 30, 2025, marking a 21.1% rise from N828.6 billion…
The Federal Government (FG) has disbursed a total of N2.45 trillion to Nigeria’s 36 states and the Federal Capital Territory (FCT) to support infrastructure development and security operations. According to…
Nigeria’s external reserves recorded a modest rebound in January, rising by $66 million as stronger oil prices and renewed foreign inflows provided support to the country’s foreign exchange position. The…
Nigeria is hosting senior World Bank officials this week as part of renewed efforts to accelerate economic growth, attract investment, and create jobs across the country. World Bank Managing Director…
The House of Representatives has passed President Bola Tinubu’s N58.4 trillion 2026 budget through its second reading, surprising many observers by skipping a full debate on the proposal. The “Budget…
The United States Federal Reserve has decided to keep its benchmark interest rate steady at 3.5–3.75%, citing the need to stabilize the labor market while bringing inflation closer to its…
Nigeria’s Federal Government sharply increased its domestic borrowing in 2025, drawing N9.19tn from financial institutions, data from the Central Bank of Nigeria (CBN) reveals. This surge came despite persistently high…
Nigeria is setting its sights on a major expansion of trade with China, aiming for a bilateral trade volume of 350 billion RMB (around $50 billion) by 2030. The ambitious…
Nigeria may be entering a long-awaited phase of economic recovery, as fresh data points to a decisive shift away from years of instability and oil dependence. According to the EnterpriseNGR…
Nigeria’s naira has broken below the N1,400-to-the-dollar threshold on the official foreign exchange market for the first time in more than a year, signalling a key psychological win for the…
The global economic landscape is undergoing a profound transformation, with rising protectionism and trade barriers reshaping traditional markets. Speaking at the World Economic Forum in Davos, AfCFTA Secretary-General Wamkele Mene…
Nigeria is positioning itself as a key gateway to Africa’s $1 trillion commodities market, aiming to capture $400 billion in opportunities through strategic collaboration with the United Arab Emirates. The…
Workers of the Nigeria Commodity Exchange (NCX) have appealed to President Bola Ahmed Tinubu to urgently intervene and prevent what they describe as the imminent collapse of the Exchange, citing…
Nigeria’s naira continued its upward momentum midweek, appreciating to around ₦1,400 per dollar at the official foreign exchange market, as global pressure on the US dollar intensified. The local currency…