Foreign Trade in Nigeria Soars to N138 Trillion Amid Naira Devaluation
Nigeria’s foreign trade reached a major milestone in 2024, with total merchandise trade growing by a remarkable 106.6%, amounting to…
Category: Economy
Nigeria’s Competitiveness Reaches 25-Year High Amidst Weak Naira
Nigeria’s economic competitiveness has surged to its highest level in 25 years, thanks to a significant devaluation of the naira.…
FG Targets Wealth Creation with N1.5tn BOA Recapitalization
The Nigerian Federal Government has unveiled plans to inject N1.5 trillion into the Bank of Agriculture (BOA) as part of…
Over 8,000 telecom subscribers switched operators in Jan – NCC report
Mobile number portability in Nigeria saw a significant rise of 190% in January 2025, according to the Nigerian Communications Commission…
Five Nigerian Firms Project Combined Profit of N54bn in Q2 2025
Five companies listed on the Nigerian Exchange (NGX) are expected to record a total profit after tax of N54.77 billion…
China Bond Yields Surge as Investors Reassess Rate Cut Expectations
China’s sovereign bond yields reached their highest levels of the year, as investor optimism about economic growth led to reduced…
U.S. Dollar Weakens Amid Trade War Fears, Safe-Haven Currencies Soar
The U.S. dollar is under pressure, trading near a four-month low against major currencies as concerns over a potential global…
Naira Declines Against Dollar Amid Increased Demand and Tight Liquidity
The Naira experienced a reversal of recent gains last week, depreciating against the U.S. dollar in both the official and…
China Faces Growing Economic Uncertainty Amid Trade Tensions and Domestic Challenges
China’s economy is grappling with increasing uncertainty on the international front, as well as domestic challenges, according to top economic…
IMF Highlights Nigeria’s Economic Stability Amid Reforms under Tinubu Government
The International Monetary Fund (IMF) has praised the reforms implemented by Nigeria’s Bola Ahmed Tinubu-led government, noting that these measures…
Ghana Government Considers Listing State-Owned Enterprises on Stock Exchange
The Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has confirmed that the Ghanaian government will consider the possibility of…
Naira Stability Outlook Strong as CBN Maintains FX Market Interventions
The Central Bank of Nigeria (CBN) is expected to maintain the stability of the naira in the coming weeks through…
Bank of Ghana Suspends Gold-for-Oil Programme Amid Policy Challenges
The Bank of Ghana (BoG) has decided to suspend its Gold-for-Oil program due to operational and policy challenges that resulted…
Nigeria Customs Service Enhances Trade Efficiency with Full Bank Integration and B’Odogwu System
The Nigeria Customs Service (NCS) has announced the full integration of all commercial banks for Form ‘M’ openings, a significant…
Selling Price Inflation Eases in Nigeria, Business Activity Accelerates in February
Nigeria’s selling price inflation slowed to a seven-month low in February, according to the latest Stanbic IBTC Bank Nigeria Purchasing…
CBN Strengthens Nigeria’s Financial System with Strategic Policy Recalibration
The Central Bank of Nigeria (CBN), under the leadership of Governor Olayemi Cardoso, is recalibrating its monetary policy tools to…
Nigeria’s Key Economic Sectors Stagnant, Urgent Reforms Needed for Growth – Economist
Nigeria’s economy has been facing significant challenges, with key sectors that are crucial for its economic growth remaining stagnant or…
Nigeria’s Real Estate Sector Becomes the Third Largest Contributor to GDP
Nigeria’s real estate sector has gained significant attention as it emerged as the third largest contributor to the country’s GDP…
Rewane: CBN’s Intervention Policies Strengthen Naira Stability
Economist Bismarck Rewane, CEO of Financial Derivative Company, has praised the Central Bank of Nigeria’s (CBN) recent foreign exchange market…
Vietnam to Raise 2025 GDP Growth Target to 8% Amid Global Trade Risks and U.S. Tariffs
Vietnam is set to revise its 2025 GDP growth target upwards, now aiming for at least 8% compared to the…
Nigeria, UAE Strengthen Aviation Ties with Amended Bilateral Air Service Agreement
Nigeria and the United Arab Emirates (UAE) have signed an amended Bilateral Air Service Agreement (BASA), aimed at enhancing aviation…
CBN Reschedules February 2025 MPC Meeting Amid CPI Release Delays
The Central Bank of Nigeria (CBN) has officially announced a new date for its 299th Monetary Policy Committee (MPC) meeting,…
VP Shettima Launches Committee to Drive Nigeria’s Trillion-Dollar Economic Vision by 2030
Vice President Kashim Shettima recently inaugurated the Presidential Committee on Economic and Financial Inclusion (PreCEFI) as part of the Nigerian…
CBN postpones February MPC meeting as NBS delays rebased CPI report
The Central Bank of Nigeria (CBN) has delayed its first Monetary Policy Committee (MPC) meeting for 2025 until March due…
Telecom tariff hike: NLC suspends planned nationwide protest
The Nigeria Labour Congress (NLC) has suspended its planned nationwide protest, which was set for February 4, 2025, in response…
PTAD Clears N1.18bn in Pension Arrears Amid Ongoing Retiree Concerns
The Pension Transitional Arrangement Directorate (PTAD) has disbursed N1.18bn in pension arrears over the past five years, benefiting thousands of…
CBN nears completion of $2.4bn FX backlog verification, payments to begin soon
The Central Bank of Nigeria (CBN) is finalizing the verification process for the remaining $2.4 billion foreign exchange (FX) backlog,…
NECA Applauds CBN’s FX Code, Calls for Effective Implementation
The Nigeria Employers’ Consultative Association (NECA) has commended the Central Bank of Nigeria (CBN) for introducing the Nigerian Foreign Exchange…
Telecoms 50% tariff hike: Subscribers head for court as NCC talks deadlocked
Nigerian telecom subscribers, led by the National Association of Telecommunications Subscribers (NATCOMS), are taking legal action against the Nigerian Communications…
Heavy sanctions for FX code breaches, CBN warns banks
The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has warned financial institutions that violations of the newly introduced Nigeria…