Nigeria Positions for Stronger AfCFTA Gains with Subnational Export Expansion
The Federal Government has reaffirmed its commitment to delivering tangible results under the African Continental Free Trade Area (AfCFTA), emphasizing…
Category: Economy
FG Introduces New Presumptive Tax Rules to Simplify Compliance for MSMEs
The federal government of Nigeria has introduced new presumptive tax rules aimed at Micro, Small, and Medium Enterprises (MSMEs) nationwide.…
Manufacturers Optimistic as CBN Interest Rate Cuts Promise Credit Boost Beyond N7tn
Manufacturers in Nigeria are eyeing a rebound in access to bank credit after lending to the sector dropped to N7.09…
Nigerian Pension Funds Hit N28 Trillion as Contributor Base Tops 11 Million
The Nigerian pension fund industry has kicked off 2026 with remarkable growth, reaching a new high of N28.04 trillion in…
Naira Holds Strong at N1,850/£1 Amid UK Pound Weakness and Rising Local Demand
The Nigerian naira settled at N1,850 per British pound (GBP) in the official foreign exchange market on Wednesday, maintaining stability…
Nigeria to Launch National Single Window Digital Trade Platform on March 27
Nigeria is set to officially launch its National Single Window (NSW) digital trade platform on March 27, a move hailed…
IMF Warns Middle East Conflict Could Trigger Global Economic Shock
The International Monetary Fund (IMF) has issued a stark warning that the ongoing conflict in the Middle East could have…
CBN Forex Reforms Boost Reserves and Stabilize Naira Amid Economic Recovery
Nigeria’s Central Bank (CBN) forex reforms have yielded significant results, with the country’s external reserves climbing to $50.45 billion and…
CBN Reforms Push Naira to First Annual Gain in 13 Years
Nigeria’s currency recorded a historic turnaround in 2025 as reforms by the Central Bank of Nigeria (CBN) helped the naira…
Nigerian Crude Oil Surges Past $80 Amid Middle East Tensions – Highest Since 2024
Nigerian crude oil prices have climbed past $80 per barrel, marking the highest levels since mid-2024. The spike follows recent…
Nigeria’s Net Reserves Soar to $34.8 Billion in Two Years, Boosting Economic Confidence
Nigeria’s net external reserves have skyrocketed by 772 percent over the past two years, reaching $34.8 billion at the end…
Nigeria’s Reform Dividend: Experts Predict Economic Growth Surge in 2026
Nigeria is set to reap the benefits of its ongoing reform cycle in 2026, with households and businesses expected to…
Petrol Prices Could Hit ₦1,000/Litre as Dangote Refines Strategy Amid Global Oil Volatility
The price of Premium Motor Spirit (PMS), commonly known as petrol, may soon reach between ₦980 and over ₦1,000 per…
Nigeria’s Net FX Reserves Soar 772% to $34.8 Billion, Signaling Stronger Economic Stability
Nigeria’s net foreign exchange reserves soared to $34.80 billion at the end of 2025, marking a remarkable 772 per cent…
CBN Cuts Interest Rate to 26.5% as Disinflation and FX Stability Strengthen Outlook
The Central Bank of Nigeria has reduced its Monetary Policy Rate (MPR) by 50 basis points to 26.5 per cent,…
Nigeria Secures $1.3 Billion Alumina Refinery Deal with AFC to Boost Mining Sector
In a major stride for the country’s mining industry, the Federal Government of Nigeria has signed a $1.3 billion investment…
Nigeria Spends N6.32 Trillion on Domestic Debt in 9 Months Amid Rising Interest Costs
The Nigerian federal government spent a staggering N6.32 trillion on domestic debt servicing between January and September 2025, surpassing the…
Naira Depreciates to N1,368/$ Following CBN’s 304th MPC Meeting
The naira faced a steady decline throughout the week, closing at N1,368/$ in the official market, following the Central Bank…
Rising Public Debt Clouds CBN Rate Cut Despite Economic Gains
Economic experts say Nigeria’s recent macroeconomic improvements are being tempered by a rising public debt profile, even as the Central…
Global Markets Tumble as U.S.-Israel Strikes on Iran Trigger European Stock Slump
European stock markets are bracing for a sharp downturn at the start of the trading week following major military strikes…
Foreign Transactions on Nigerian Exchange Plunge 75% as Block Trades Disappear
Foreign investor activity on the Nigerian Exchange Limited fell sharply in January 2026, with total foreign transactions dropping by a…
NGX Loses N1.40tn as Bearish Sentiment Dominates Market
Nigeria’s equities market ended February on a weak note as bearish sentiment swept across the trading floor of the Nigerian…
States Back Executive Order 9, Say Nigeria Could Gain N1.5 Trillion Annually
The Forum of State Commissioners of Finance has expressed strong support for President Bola Tinubu’s Executive Order 9, emphasizing that…
Tinubu Extends Raw Shea Nuts Export Ban to 2027 to Boost Nigeria’s Processing Industry
President Bola Tinubu has approved a one-year extension of the ban on the export of raw shea nuts, effective from…
Nigeria Revenue Service Targets N40.7 Trillion in 2026 Following Tax Reforms
The Nigeria Revenue Service (NRS) has announced an ambitious plan to collect N40.7 trillion in taxes and royalties in 2026,…
Nigeria Targets 12% Annual Growth to Achieve $1 Trillion Economy
Nigeria will need to maintain annual economic growth of between 10 and 12 percent over the next decade if it…
Investing in Early Childhood Key to Nigeria’s $1tn Economy by 2050 – World Bank
Nigeria’s ambition to become a $1 trillion economy by 2050 may rely more on its youngest citizens than previously recognized.…
Naira Slides to N1,359/$ After CBN Interest Rate Cut to 26.5%
The naira slid to N1,359 per dollar on Tuesday after the Central Bank of Nigeria (CBN) announced a 50 basis…
CBN Cuts Interest Rate to 26.5% as OPS Hails Move as Growth Signal
Nigeria’s apex bank has trimmed its benchmark lending rate in what business leaders describe as a cautious but encouraging step…
Nigeria’s FX Reserves Rise to $50.4bn – CBN Governor Cardoso
Nigeria’s foreign exchange (FX) reserves have climbed to $50.45 billion, marking the highest level recorded in 13 years, according to…