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Economy
FG Raises 2026 Borrowing to N29.2 Trillion as Nigeria’s Fiscal Deficit Widens
The Federal Government of Nigeria has raised its borrowing plan for 2026 to N29.2 trillion, reflecting a sharp…
Rising Oil Prices Weaken African Currencies, Deepen Inflation Risks Across the…
African economies are facing a sharp financial strain as global oil prices surge by over 50 percent, pushing crude…
US-Iran War Sparks Economic Strain on Nigerian Businesses and Consumers
The Nigerian business economy is under renewed strain as the ongoing war between the United States and Iran, which…
Nigeria’s Foreign Reserves Drop by $850 Million Amid Election Spending and FX…
Nigeria’s foreign reserves have declined by about $850 million within three weeks, raising fresh concerns among…
Ghana Reference Rate Drops to 10.06% as Lending Costs Start to Ease
Ghana’s financial landscape is seeing a welcome shift as the Ghana Reference Rate (GRR) falls to 10.06% in April…
Nigeria’s Economic Growth Slows in March 2026 Amid Rising Costs – CBN PMI Report
Nigeria’s economy maintained its growth streak in March 2026, with the Central Bank of Nigeria (CBN) reporting a…
Nigeria Eyes Global Markets to Boost Trade Amid Structural Challenges
The federal government is accelerating its push toward an export-driven economic model, with Finance and…
Nigerian States Return to Borrowing Despite FAAC Windfall: Debt Hits N4 Trillion
Nigerian states are returning to heavy borrowing even as allocations from the Federation Account Allocation…
Hot Money Inflows Drive Nigeria’s $23B Capital Surge, But Analysts Warn of…
Nigeria’s capital importation surged to $6.44 billion in the fourth quarter of 2025, pushing total inflows for the…
Naira Strengthens as Remittance Reforms Boost FX Liquidity Despite Falling…
Nigeria’s currency, the naira, started April 2026 on a positive note, posting gains across key foreign exchange…
German Firms Target Nigeria’s €222bn Food Market to Boost Agri-Tech Investment
German companies are ramping up their interest in Nigeria’s burgeoning food sector, projected to reach €222 billion…
President Tinubu Seeks Senate Approval to Raise 2026 Budget by N9 Trillion
President Bola Tinubu has officially requested the Senate’s approval to raise Nigeria’s 2026 Appropriation Bill by…
Africa Loses $88 Billion Annually to Illicit Financial Flows – Edun Highlights…
Africa loses an estimated $88 billion each year to illicit financial flows (IFFs), Finance Minister and…
FG Plans to Bridge N9tn Budget Gap with Oil Windfall and $6bn Loans
The Federal Government has requested the National Assembly’s approval for a N9.09tn increase to the 2026 budget,…
Naira Weakens to N1,387/$ as Nigeria’s Foreign Reserves Fall to $49.29 Billion
The Nigerian naira weakened slightly to N1,387 per dollar on Tuesday, up from N1,386.75/$ recorded in the previous…
Nigeria’s Oil Sector in Crisis: Urgent Reforms Needed Before Wells Run Dry
For decades, Nigeria’s oil sector has been the backbone of the nation’s economy, funding government budgets and…
Middle East Conflict Could Slash Africa’s Economic Growth by 1.5% – AfDB Warns
The African Development Bank (AfDB) has cautioned that the ongoing conflict in the Middle East could significantly…
Nigeria’s Banks Face Credit Challenge as Recapitalisation Ends
Nigeria’s banking sector has grown significantly following the Central Bank of Nigeria’s (CBN) sweeping…
Tax Reforms Drive Nigeria’s Economic Growth: Experts Highlight Opportunities and…
Analysts and tax professionals at the 20th Annual Tax Week have hailed Nigeria’s 2025 tax reforms as a key driver…
Insurance Sector Growth Outpaces Banking but Fails to Boost Nigeria’s GDP…
Nigeria’s insurance sector continues to face a paradox: strong growth rates but minimal contribution to the…
Nigeria’s Foreign Reserves Fall $547 Million in Two Weeks Amid Market Pressures
Nigeria’s foreign reserves have declined by approximately $547 million over a 15-day period in March 2026,…
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…
Naira Slides Again as Nigeria’s Forex Reserves Drop: CBN Moves to Boost Currency…
Nigeria’s currency, the Naira, recorded its second consecutive weekly decline against the US dollar, closing at…
CBN Cuts Treasury Bill Rates as Investors Pour N2.7 Trillion into One-Year…
The Central Bank of Nigeria (CBN) has lowered interest rates on longer-term Treasury bills following a surge in…
World Bank Moves to Support Economies Hit by Middle East Conflict Amid Rising…
The World Bank Group has announced plans to support emerging economies grappling with the ripple effects of the…
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…
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…
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…
EU Launches €290m Nigeria Investment to Boost Healthcare, Agriculture, and Digital…
The European Union has announced a €290 million investment package to strengthen Nigeria’s healthcare, digital, and…
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…