Nigeria’s Economic Growth Strengthens as PMI Hits 56.4 in November
The Nigerian economy continued its upward momentum in November as the Composite Purchasing Managers’ Index (PMI) rose to 56.4 points,…
Category: Economy
CBN Struggles to Recover N629 Billion Anchor Borrowers’ Loans, Audit Reveals
Nigeria’s Auditor General has raised serious concerns over the management of the Central Bank of Nigeria’s (CBN) flagship Anchor Borrowers’…
Dangote Group Partners with Kano State to Boost Trade, SMEs, and Social Programmes at 2025 Trade Fair
The Dangote Group and the Kano State government have announced a strengthened partnership aimed at boosting business activities and social…
Africa Must Turn to Private Capital as Global Aid Declines — Edun Warns
Africa must increasingly rely on private capital and regional investment as global development aid continues to decline, Nigeria’s Minister of…
Bank of Ghana Targets Deeper Lending Rate Cuts to Boost Private-Sector Growth
The Bank of Ghana (BoG) is stepping up efforts to bring down lending rates, with Governor Dr. Johnson Asiama reaffirming…
High Lending Rates in Nigeria Strangling Production, MAN Urges CBN to Cut Interest Rates
The Manufacturers Association of Nigeria (MAN) has raised fresh concerns over the country’s high lending rates, warning that steep borrowing…
Analysts Warn CBN’s 27% MPR Could Stifle Growth as Businesses Face Rising Credit Pressures
The Central Bank of Nigeria’s (CBN) decision to keep the Monetary Policy Rate (MPR) at 27 percent has sparked fresh…
Nigeria to Host 2026 ACI Africa Conference as Aviation Leaders Endorse Country’s Readiness
Nigeria has officially announced its readiness to host the 2026 Airports Council International (ACI) Africa Regional Conference and Exhibition. The…
Nigeria’s Tax Reform Push: How VAT, Free Zones and Capital Gains Changes Aim to Rebuild Fiscal Fairness
Nigeria’s push to rebuild fiscal fairness is reshaping how businesses, investors and everyday citizens experience taxation. After decades of oil-dependence,…
LASG to Invest N244.82 Billion Bond Proceeds in Key Sectors for Sustainable Growth
Lagos State Government (LASG) has unveiled plans to strategically deploy the proceeds from its latest bond issuance, totaling N244.82 billion,…
Naira Weakens to ₦1,456.72/$ Amid Rising FX Demand Despite Growing Reserves
The naira closed the week on a weaker note as pressure in the foreign exchange market pushed the currency down…
Strong Disinflation and Lower Interest Rates Set Stage for Ghana’s 2026 Economic Recovery
Ghana is poised for a significant economic rebound in 2026, thanks to strong disinflation trends and declining interest rates, according…
Dangote Group Strengthens SME Support at Kano International Trade Fair 2025
The Dangote Group is set to make a significant impact at the Kano International Trade Fair, running from November 22…
FG Begins Testing for National Single Window Ahead of 2026 Rollout
The Federal Government has officially kicked off User Acceptance Testing for the National Single Window (NSW), marking a major milestone…
Nigeria Economic Growth Outlook Brightens as Business Activity Strengthens
Nigeria’s economy is showing signs of recovery as it heads into 2026, driven by stronger business momentum, easing inflation, and…
High Clean-Tech Tariffs Threaten Africa’s Renewable Energy Growth, UNCTAD Warns
Africa’s ambitious shift toward 100% renewable energy is at risk due to high tariffs on clean technologies and persistent trade…
Nigeria’s Private Sector Records 11-Month Expansion as PMI Rises to 55.4
Nigeria’s private sector continued its impressive run of growth in October, marking the 11th straight month of expansion as business…
Tax Incentives to Boost Nigeria’s Manufacturing Growth to 3.1% in 2026 — MAN
Nigeria’s manufacturing sector is set to record a projected 3.1 per cent growth in 2026, up from the 1.6 per…
PenCom targets 80m informal workers with micro-pension plan
The National Pension Commission (PenCom) is intensifying efforts to bring Nigeria’s massive informal workforce—estimated at 70 to 80 million people—into…
Nigeria’s Private Sector Expands for 11th Month as PMI Hits 55.4 Points
Nigeria’s private sector sustained its growth streak for the 11th consecutive month in October, driven by gains across industry, services,…
Power Shortages and Insecurity Threaten Nigerian Businesses’ Growth – CBN Survey
Insecurity and unreliable electricity remain the biggest threats to business stability and profitability in Nigeria, according to the Central Bank…
Only 44% of Social Benefits Reach Poor Nigerians, Warns World Bank
A new World Bank report has revealed that Nigeria’s social safety-net programs are failing to reach the citizens who need…
Experts Urge Productive Investments as Key to Nigeria’s Eurobond Repayment
Nigeria’s recent $2.35 billion Eurobond issuance, its largest in four years, has reignited discussions on the country’s debt sustainability and…
Nigeria Seeks $500 Million World Bank Loan to Boost MSME Financing
The Federal Government of Nigeria has formally requested a $500 million loan from the World Bank to improve financing for…
ABCON Calls on CBN to Empower BDCs, Boost Forex Inflows and Stabilise Naira
The Association of Bureau De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to empower…
Nigeria, Germany Deepen Skills and Tech Partnership to Power $1 Trillion Economy Goal
Nigeria is strengthening its partnership with Germany to accelerate its drive toward a $1 trillion economy by 2030. The collaboration…
Over 700 SMEs Receive ₦1.1 Trillion Boost as Nigeria’s Impact Investing Market Gains Momentum
Over 700 small and medium enterprises (SMEs) across Nigeria have received a combined ₦1.1 trillion in funding through development finance…
China and Nigeria Strengthen Economic Partnership to Boost Global Supply Chain Stability
China has reaffirmed its commitment to bolstering economic and industrial cooperation with Nigeria, with a pledge to inject new energy…
Nigeria’s Eurobond Success Set to Boost FX Reserves to $45 Billion by Year-End
Nigeria’s foreign exchange reserves are on track to hit $45 billion by the end of 2025, buoyed by strong investor…
Federal Government Launches Digital Project Board to Boost Nigeria’s Equipment Leasing Industry
The Federal Government has inaugurated a ministerial project approval board to drive digital transformation in Nigeria’s equipment leasing sector. The…