Afreximbank Loans US$190 million to Zimbabwe’s CBZ Bank
The African Export-Import Bank (Afreximbank) has strengthened its commitment to Zimbabwe’s economic growth by approving financing facilities worth $190 million…
Category: Economy
CBN says naira FX gap falls below 2% as reserves top $52.5 billion
The Central Bank of Nigeria (CBN) has announced that its monetary and foreign exchange reforms are beginning to deliver measurable…
Nigeria’s $4.5bn Oil-Backed Loan Refinancing Set to Boost Naira, Strengthen Foreign Reserves
Nigeria’s efforts to stabilize the naira have received a major boost after the National Economic Council (NEC) approved the refinancing…
CBN Cuts Government Financing as Assets Surge Above N138 Trillion in Push for Economic Stability
The Central Bank of Nigeria (CBN) has taken another major step toward strengthening the country’s economy by reducing its financial…
Nigeria’s purchase cost inflation hits five-month low as PMI stays above 52
Nigeria’s private sector remained on a growth path in July, with businesses benefiting from stronger customer demand even as the…
Renewed demand lifts Nigeria Eurobonds after previous selloff
Nigeria’s Eurobond market has bounced back strongly after a brief period of losses, with renewed investor demand signaling growing confidence…
AfDB: West Africa misallocates capital despite $100 billion annual development needs
West Africa is not facing a shortage of money to fund its development ambitions—it is facing a much deeper problem…
Nigeria earns N24tn from crude exports in six months
Nigeria earned an estimated N24.02 trillion from crude oil exports between January and June 2026, reinforcing the country’s dependence on…
Top Nigeria Business Events to Watch This Week: NBS IGR Report, Investment Expo and Economic Updates
As a new week begins, attention is turning to a series of major economic events and policy announcements that could…
Ghana’s Cedi Loses Crown as Africa’s Top Currency After Stunning 2025 Rally
After delivering one of Africa’s most remarkable currency recoveries in 2025, Ghana’s cedi has suffered a dramatic turnaround in 2026,…
Nigeria First Policy Must Work For Manufacturing Sector – Stakeholders
Nigeria’s manufacturing sector could be on the verge of a major transformation following the Federal Government’s introduction of the ‘Nigeria…
Nigeria’s $1tn economy by 2030 not slogan but target – Oyedele
Nigeria’s ambition to become a $1 trillion economy by 2030 is more than an ambitious promise—it is a measurable national…
Nigeria’s Private Sector FX Demand Soars as Foreign Exchange Outflows Hit $16.3 Billion in 2025
Foreign exchange demand from Nigeria’s private sector surged dramatically in 2025, with autonomous foreign exchange outflows jumping by an impressive…
Nigeria’s E-Invoicing Rollout Exposes Compliance Challenges for Large Businesses
As Nigeria officially enters a new era of digital tax administration, many of the country’s largest businesses are discovering that…
FG to publish detailed account of petrol subsidy savings, says Taiwo Oyedele
The Federal Government has announced plans to publish a comprehensive breakdown of how funds saved from the removal of petrol…
Cardoso Predicts Lower Interest Rates as CBN Reforms Strengthen Nigeria’s Economy
Nigeria’s high interest rates may not remain for much longer, according to Central Bank of Nigeria (CBN) Governor Olayemi Cardoso,…
US tariff threatens Nigerian exports, foreign investment, group warns
The Sea Empowerment & Research Centre (SEREC) has warned that the United States’ decision to increase import tariffs on goods…
NESG Warns Nigeria’s Economic Recovery Could Stall Without Sustained Reforms
Nigeria’s economic recovery is showing encouraging signs, but the progress could quickly unravel if the Federal Government fails to strengthen…
Nigeria risks missing AI revolution, World Bank economist warns
Nigeria could miss out on one of the biggest technological transformations of the century unless it acts quickly to embrace…
Non-Oil Exports Drive Nigeria’s $71bn FX Inflows
Nigeria’s push to diversify its economy is beginning to pay off, as stronger non-oil exports helped drive autonomous foreign exchange…
FG Exceeds Borrowing Target by ₦4.79tn as Revenue Shortfall Deepens Nigeria’s Fiscal Crisis
Nigeria’s fiscal challenges have come into sharper focus after the Federal Government exceeded its 2024 borrowing target by a staggering…
Nigerians Cut Petrol Use by 22% as Pump Prices Nearly Doubled in H1—Marketers
The sharp rise in petrol prices across Nigeria has significantly changed consumer spending habits, with millions of Nigerians cutting back…
Nigeria’s 2026 VAT Reform: How the New Consumption-Based Formula Could Reshape State Revenue
Nigeria’s tax landscape is entering a new era as the Nigeria 2026 VAT reform introduces a major change in how…
CBN: Nigeria’s FX inflows hit $109.9 billion as autonomous sources drive growth
Nigeria’s foreign exchange (FX) inflows recorded a significant boost in 2025, reaching $109.86 billion, according to the Central Bank of…
India’s Economic Growth Faces Slowdown as Rising Oil Prices Shake GDP Outlook
India’s economic growth is expected to lose momentum in the current fiscal year as soaring global oil prices and sluggish…
Cash outside banks hits seven-month low, drops by N485.80 billion in 2026
Nigeria’s banking sector recorded a significant milestone in June 2026 as cash held outside banks dropped to N4.92 trillion, the…
Businesses Fault U.S. Tariff, Seek Urgent FG Action
The Organised Private Sector (OPS) has expressed growing concern over the United States’ decision to impose a 12.5 per cent…
Nigeria’s FX Market Hits Record $4.4 Billion Turnover
Nigeria’s foreign exchange market has reached a historic milestone, recording its highest weekly turnover of 2026 as trading activity surged…
Nigeria’s manufacturers say they are sinking, with no relief in sight
Nigeria’s manufacturing sector is facing one of its toughest periods in recent years as soaring production costs, expensive energy, and…
Nigeria Reaffirms Commitment to IMF Reforms as Government Targets Stronger Economic Growth
The Federal Government has reaffirmed its commitment to working closely with the International Monetary Fund (IMF) as it continues implementing…