Browsing Category
Economy
High Interest Rates Push 51% of Nigeria’s Informal Businesses Away from Loans
Rising interest rates and tougher lending conditions are discouraging more Nigerian informal businesses from taking…
Governor Seyi Makinde Unveils Oyo’s AfCFTA Strategy to Boost Trade, Create Jobs,…
Oyo State Governor Seyi Makinde has reaffirmed his administration’s commitment to unlocking economic prosperity…
CBN Charts Nigeria’s Economic Future in Washington, Targets 7% Growth by 2028
Nigeria’s economic leadership took the global stage in Washington, DC, this week, unveiling a bold and data-driven…
NGX Market Loses ₦4bn as Trading Volume Plummets by 58%
The Nigerian Exchange Limited (NGX) witnessed a mild setback on Tuesday, October 15, 2025, as market…
African Finance Ministers Applaud Ghana’s GOLDBOD Model as Blueprint for…
At a high-level meeting on the sidelines of the 2025 IMF–World Bank Annual Meetings in Washington, Ghana’s…
Naira Weakens Slightly to N1,467/$1 Despite Rising Foreign Reserves
Nigeria’s currency began the week on a mild downward note as the naira slipped to N1,467 per dollar on Tuesday,…
Nigeria’s $36.7 Billion 2025 Budget Among Africa’s Lowest Despite Fiscal Reforms
Nigeria’s 2025 budget, set at $36.7 billion, ranks among the lowest on the African continent, despite ongoing…
Analysts Warn Nigeria Risks Losing FTSE Frontier Market Status Over Capital Gains…
Financial experts have raised alarms that Nigeria may jeopardize its fragile progress toward regaining a spot in…
Ghana Cedi Named Africa’s Best-Performing Currency in 2025 – World Bank
Eight months into 2025, the Ghanaian cedi has emerged as Africa’s best-performing currency, according to the World…
World Bank Urges Nigeria to Deepen Economic Reforms, Enforce Fiscal Discipline,…
The World Bank has called on the Nigerian government to sustain its current wave of economic reforms by tightening…
FRC, SEC Champion Ethical Corporate Governance as SCGN Marks 20 Years of Integrity…
As Nigeria continues to navigate waves of technological disruption and economic uncertainty, the Financial…
European Steel Stocks Surge as EU Plans to Halve Tariff-Free Import Quotas
European markets climbed on Wednesday as investors reacted positively to the European Union’s proposal to slash…
$2 Billion Nigerian Broadband Project to Drive GDP Growth and Digital Inclusion
Nigeria is set to witness a major digital transformation as the government launches a $2 billion broadband project…
Nigeria’s Dele Alake Urges Africa to Industrialise Its Minerals and Build a Green…
Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, has called on African nations to end the era of…
Nigeria’s Intra-African Trade Rises by ₦610bn Amid Weak Naira, Shifting Global…
Nigeria’s trade with other African countries surged by ₦610 billion in the first half of 2025, reflecting a…
Tony Elumelu Foundation Donates ₦1 Billion to Empower 18,500 Nigerian Women Under…
In a major push for women’s economic inclusion, the Tony Elumelu Foundation (TEF) has donated ₦1 billion to the…
Naira Rises to ₦1,465 per Dollar as FX Inflows Strengthen and Dollar Weakens
The Nigerian naira extended its rally last week, closing at ₦1,465 per U.S. dollar at the official market, buoyed…
Dangote Launches $2.5bn Fertiliser Plant in Ethiopia to Boost Africa’s Food…
Africa’s richest man and President of the Dangote Group, Aliko Dangote, has broken ground on a $2.5 billion…
Capital Market Operators Push for Bold Reforms to Restore Investor Confidence in…
Capital market operators have renewed calls for the Federal Government to implement bold reforms that would…
Full Implementation of Industrial Policy Vital for Nigeria’s Economic Growth – MAN
The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to fully implement the forthcoming…
CBN Cuts Interest Rate to 27% to Ease Borrowing Costs for SMEs and Households
The Central Bank of Nigeria (CBN) has lowered its benchmark Monetary Policy Rate (MPR) by 50 basis points to 27…
PenCom Launches “Pension Revolution 2.0” to Expand Health Insurance and Secure…
The National Pension Commission (PenCom) has unveiled a bold new initiative dubbed “Pension Revolution 2.0,” aimed…
Infrastructure Expert Urges Nigerian Government to Embrace Innovation for Lasting…
Infrastructure specialist Isaac Oyawoye has called on the Federal Government to make massive investments in…
Chagoury, the Lebanese -Nigerian industrialist
Gilbert Ramez Chagoury, a Lebanese-born entrepreneur, has built a remarkable bridge between his hometown of…
Importers Warn 4% FOB Levy Could Add N4 Trillion to Freight Costs, Fuel Inflation…
The Importers Association of Nigeria (IMAN) has raised alarm over the Federal Government’s proposed 4 percent…
Reps Panel Orders Finance Minister Wale Edun to Withdraw 2025 Budget…
Nigeria’s House of Representatives Committee on Appropriation has issued a firm directive to Finance and Economy…
FG Gazettes Nigeria’s New Tax Reform Laws, Exempts Small Businesses and Cuts…
The Federal Government has officially published Nigeria’s sweeping new tax reform laws in the national gazette,…
Senate Urges CBN to Extend Loan Forbearance Deadline to Protect Investors
The Senate has called on the Central Bank of Nigeria (CBN) to extend the deadline for banks to end loan…
Renewed Hope Housing Programme: FG Tackles Nigeria’s 17 Million Housing Deficit…
Nigeria’s housing landscape is undergoing a transformative shift under the Renewed Hope Housing Programme, a…
Clearing Agents Urge Customs to Extend Deadline on 905 Overtime Cargoes in Lagos…
Licensed clearing agents have appealed to the Nigeria Customs Service (NCS) to extend its two-week ultimatum for…