US-Iran Conflict Drives Food Prices Up in Nigeria, Deepening Poverty Crisis
Soaring fuel prices linked to the ongoing US-Iran conflict are pushing food prices higher across Nigeria, hitting households already struggling…
Category: Economy
Naira Slides Again as Nigeria’s Forex Reserves Drop: CBN Moves to Boost Currency Liquidity
Nigeria’s currency, the Naira, recorded its second consecutive weekly decline against the US dollar, closing at N1,380.58 in the official…
CBN Cuts Treasury Bill Rates as Investors Pour N2.7 Trillion into One-Year Securities
The Central Bank of Nigeria (CBN) has lowered interest rates on longer-term Treasury bills following a surge in investor demand,…
World Bank Moves to Support Economies Hit by Middle East Conflict Amid Rising Global Costs
The World Bank Group has announced plans to support emerging economies grappling with the ripple effects of the ongoing Middle…
CBN Approves 100% Forex Repatriation for Oil Companies in Major Market Reform
The Central Bank of Nigeria (CBN) has approved the full repatriation of foreign exchange earnings for International Oil Companies (IOCs),…
FG and NGX Champion Women’s Participation in Nigeria’s Capital Market
The federal government and the Nigerian Exchange Group (NGX) are intensifying efforts to boost women’s participation in Nigeria’s capital market,…
European Markets Rise as U.S.-Iran Talks Ease War Tensions
European stock markets are poised for a stronger open on Wednesday, lifted by growing optimism that tensions between the United…
EU Launches €290m Nigeria Investment to Boost Healthcare, Agriculture, and Digital Growth
The European Union has announced a €290 million investment package to strengthen Nigeria’s healthcare, digital, and agricultural sectors, marking a…
Dangote Refinery Expands Africa Fuel Supply Amid Global Shortages
The Dangote Petroleum Refinery has made a major move to support Africa’s energy needs, exporting 12 cargoes of refined petroleum…
CBN Sets Sights on Single-Digit Inflation with New Monetary Policy Framework
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to bringing inflation down to single-digit levels as it transitions…
European Stocks Rebound as Trump Signals Iran War De-escalation
European stock markets staged a strong comeback on Monday after U.S. President Donald Trump hinted at a potential de-escalation in…
Fuel Price Surge in Nigeria Strains Households and Businesses Amid Middle East Tensions
Commuters and business owners in Nigeria were left shocked this weekend as petrol prices surged unexpectedly, with Lagos stations selling…
European Markets Slide as Trump’s Hormuz Deadline Rattles Investors
European markets are bracing for a sharp downturn as geopolitical tensions between the United States and Iran intensify, sending shockwaves…
CBN Targets Single-Digit Inflation as Nigeria Shifts to New Monetary Policy Framework
Nigeria’s central banking authority, Central Bank of Nigeria (CBN), has reaffirmed its commitment to bringing inflation down to single digits,…
Nigeria’s Imports from Europe Plunge 23% as Asia, Especially China, Take the Lead
Nigeria’s imports from Europe fell sharply by N5.36 trillion in 2025, highlighting a shift in the country’s trade patterns toward…
Food Bills Soar in Nigeria, Outstrip Household Spending Despite Easing Inflation
Nigerian households are grappling with a sharp rise in food expenses, now spending significantly more on meals than on rent,…
CBN Survey Shows Nigerian Families Strained as Banks Set to Raise Interest Rates
Nigerian households are feeling the squeeze as rising costs and tightening credit conditions continue to limit their spending power, according…
Nigeria’s Diaspora Remittances Surge 97% YoY to $107.47 Million in January 2026
Nigeria’s diaspora remittances have shown remarkable resilience, with total inflows reaching $1.22 billion in 2025 and maintaining strong momentum into…
Nigeria’s Economic Reforms Drive Growth and Investment under President Tinubu
Nigeria is witnessing renewed economic momentum as the administration of President Bola Tinubu implements major reforms aimed at stabilizing the…
Exchange Rate Stability and Rising Demand Boost Nigerian Business Confidence – CBN Survey
Businesses across Nigeria are showing strong optimism for the coming months, fueled by improving demand, easing cost pressures, and expectations…
Nigeria Secures £746M UK Financing to Modernize Lagos Ports – Boost for Trade and Economy
Nigeria has secured a £746 million financing agreement with the United Kingdom to modernize its key Lagos ports, the Apapa…
Global Investor Confidence Boosts Nigeria’s Equity Market – Temi Popoola
Nigeria’s equity market is attracting renewed global attention as investor confidence grows, according to Temi Popoola, Group Managing Director and…
Naira Slips to N1,385/$ as Middle East Tensions Shake Global Markets
The Nigerian naira has come under renewed pressure, weakening to N1,385 against the US dollar as escalating tensions in the…
Taiwo Oyedele Pledges Swift Implementation of Nigeria’s Tax Reforms as Minister of State for Finance
Newly appointed Minister of State for Finance, Mr. Taiwo Oyedele, has vowed to ensure Nigeria’s tax reforms move from paper…
Nigeria’s $1 Trillion Economy Goal: Oyedele and Uzoka-Anite Commit to Fiscal Discipline and Private Sector Growth
Newly sworn-in ministers of state, Finance, Taiwo Oyedele, and Budget & Economic Planning, Doris Uzoka-Anite, have outlined ambitious plans to…
Nigeria Sees $96bn in Crypto Transactions as SEC Moves to Strengthen Oversight
Nigeria’s digital finance ecosystem has reached a staggering $96 billion in cryptocurrency and other virtual asset transactions, the Director-General of…
AfDB Grants $5.52M to Boost Tax Systems in Nigeria and West Africa
The African Development Bank (AfDB) has approved a $5.52 million grant to strengthen tax systems in Nigeria and several West…
Nigeria’s New Tax Reforms to Ease Burden on Workers and Small Businesses
Nigeria’s latest tax reforms are set to bring relief to workers and small businesses, according to Joseph Tegbe, Chairman of…
Cash Outside Banks Drops by N198bn as Nigeria’s Money Supply Dips in January 2026
Nigeria saw a significant reduction in cash held outside the banking system in January 2026, with N197.68bn returning to formal…
European Markets Set to Open Higher as Oil Prices and Middle East Tensions Dominate Investor Focus
European markets are expected to begin the week on a positive note, even as investors remain cautious about rising oil…