Browsing Category
Economy
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…
Nigeria’s Borrowing Costs Fall as Treasury Bills and FGN Bonds Rally on Strong…
Nigeria’s borrowing costs eased across its fixed-income market on Thursday, February 19, 2026, as yields on…
Naira Hits Two-Year High at N1,347/$ as FX Liquidity Improves
The naira has surged to its strongest level in nearly two years, trading at N1,347.78/$ in the official market,…
Nigeria’s Business Travel FX Spending Surges 366% to $672M Amid Growing Global…
Nigeria has witnessed a remarkable surge in foreign exchange (FX) spending for business travel, with expenditures…
Bank Recapitalisation Could Bridge $120B African Trade Finance Gap, Says…
Afreximbank has advised the Nigerian government to use ongoing bank recapitalisation as a strategic tool to address…
CBN Governor Urges Banks to Drive Africa’s Industrialisation and Green Finance
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has called on banks and development finance…
Nigeria’s Foreign Reserves Hit $48.5bn, Highest Level Since 2013
Nigeria’s foreign reserves have climbed to $48.5 billion, marking the highest level recorded since May 2013.…
Nigeria’s World Bank IDA Debt Rises to $18.7bn as External Borrowing Pressures…
Nigeria’s debt to the International Development Association (IDA), the concessional lending arm of the World Bank,…
Ghana Government Pays GH¢10 Billion Interest Under Domestic Debt Exchange…
The Government of Ghana has successfully settled GH¢10 billion in interest obligations under the Domestic Debt…
FG Asset Sales in 2026: Revenue Generation Overshadows Efficiency, Analysts Warn
Analysts have raised concerns over the Federal Government’s (FG) plan to sell selected state-owned assets and…
Naira Strengthens to N1,337/$ Amid Global Peace Talks: What It Means for Nigeria’s…
The Nigerian Naira has shown signs of recovery, strengthening to N1,337 per U.S. dollar at the official foreign…
FG Launches GROW Fund to Empower 6,122 Young Entrepreneurs in Nigeria
The Federal Government of Nigeria has officially launched the GROW Fund, a financing initiative aimed at supporting…
Tinubu Advocates for Fairer African Financial System to End High Borrowing Costs
President Bola Tinubu has called for a more equitable global financial system, highlighting that African countries…
Nigeria’s Stock Market Rally Signals Strong Economic Growth, Says President Tinubu
President Bola Tinubu has highlighted the sustained rally in the Nigerian stock market as a clear reflection of the…
No Power, No Growth: Aliko Dangote Urges Urgent National Retreat to Fix Nigeria’s…
The President and Chairman of Dangote Industries Limited, Aliko Dangote, has warned that Nigeria cannot achieve…
Nigeria Tax Reform Committee Clarifies No 25% Levy on Construction or Bank Funds
The Presidential Fiscal Policy and Tax Reforms Committee has dismissed circulating claims of a 25 per cent tax on…
NRS Launches E-Invoicing for Medium-Sized Businesses to Boost Tax Transparency
The Nigeria Revenue Service (NRS) is introducing a major digital shift for medium-sized enterprises with its new…
Dangote Group Invests $400 Million in Equipment to Expand Refinery and Boost…
Dangote Group has taken a major step to accelerate its industrial ambitions, signing a $400 million agreement with…
65% of Nigerians Demand Lower Interest Rates Ahead of CBN MPC Meeting
As the Central Bank of Nigeria prepares for its 304th Monetary Policy Committee (MPC) meeting on February 23–24,…