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Economy
FG Exceeds Borrowing Target by ₦4.79tn as Revenue Shortfall Deepens Nigeria’s…
Nigeria’s fiscal challenges have come into sharper focus after the Federal Government exceeded its 2024 borrowing…
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…
Nigeria’s 2026 VAT Reform: How the New Consumption-Based Formula Could Reshape…
Nigeria's tax landscape is entering a new era as the Nigeria 2026 VAT reform introduces a major change in how Value…
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…
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…
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…
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…
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…
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,…
Nigeria Reaffirms Commitment to IMF Reforms as Government Targets Stronger…
The Federal Government has reaffirmed its commitment to working closely with the International Monetary Fund (IMF)…
Top 10 African Countries with the Highest Interest Rates in July 2026
African economies are navigating one of the toughest monetary policy environments in recent years, with central…
South Africa keeps interest rate at 7% amid rising inflation, rand weakness
South Africa's central bank has left its benchmark interest rate unchanged at 7%, opting for caution as…
IMF Urges Nigeria, African Nations to Improve Data Transparency to Attract Global…
Nigeria and other African countries have been urged by the International Monetary Fund (IMF) to strengthen economic…
Tinubu Turns to World Bank Loans to Expand Social Programmes Amid Rising Poverty
President Bola Tinubu's administration is increasingly relying on World Bank financing to drive its social…
Nigeria’s Money Supply Rises to N133.25tn Despite CBN’s Tight Monetary Policy
Nigeria's broad money supply increased to N133.25 trillion in June 2026, highlighting continued liquidity growth…
Inflows, FX reforms lift external reserves 58% under Cardoso
Nigeria’s external reserves have recorded a remarkable 58 per cent increase since Olayemi Cardoso assumed office as…
Nigeria bonds: Top issuers paid up to 20% to raise debt in H1 2026
Corporate and government-backed institutions in Nigeria paid as much as 20% in coupon rates to raise funds from the…
Nigeria’s External Reserves Hit $52 Billion, Surpass CBN’s 2026 Target
Nigeria’s external reserves have climbed above the $52 billion mark for the first time in over 17 years, exceeding…
CBN Holds Interest Rate at 26.5% as Economists Push for Cuts to Ease Borrowing…
The Central Bank of Nigeria (CBN) has once again kept its benchmark interest rate at 26.5%, a decision that…
Nigeria, Germany Strengthen Strategic Partnership as Bilateral Trade Rises by 10%
Nigeria and Germany have reaffirmed their commitment to strengthening diplomatic and economic relations following a…
Nigeria’s Money Supply Climbs to N133.25 Trillion Despite High Interest Rate…
Nigeria’s broad money supply surged to N133.25 trillion in June 2026, highlighting continued liquidity growth in…
CBN Explains N100, N200 Note Scarcity as Digital Payments Gain Ground in Nigeria
The Central Bank of Nigeria (CBN) has attributed the growing scarcity of N100 and N200 notes across the country to…
Nigeria’s FX Reserves Climb to $52.5bn as Crude Oil Tax Revenue Boosts External…
Nigeria’s foreign exchange reserves have recorded a significant increase, reaching $52.52 billion as of July 17,…
Financial stability remains foundation for growth – Oyedele
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has stressed that financial…
CBN Holds Interest Rate at 26.5% as Businesses Back Cautious Approach Amid Global…
Nigeria’s business community and leading economists have thrown their support behind the Central Bank of Nigeria’s…
Outgoing British High Commissioner Hails Tinubu’s Economic Reforms
As his tenure in Nigeria draws to a close, outgoing British High Commissioner Richard Montgomery has thrown his…
Tinubu’s Economic Reforms Laying Foundation for Nigeria’s Long-Term Growth, Says…
Nigeria’s Minister of Information and National Orientation, Mohammed Idris, has expressed confidence that President…
Nigeria’s Oil Revenue Surges as Higher Crude Prices and Pipeline Security Boost…
Nigeria is poised to benefit from a fresh wave of oil-driven revenue growth as global crude prices continue to…
Industrial Stocks Pull NGX Lower Despite Banking Rally and Easing Inflation
Nigeria’s stock market ended the week on a cautious note as losses in industrial stocks overshadowed a strong rally…
External reserves cross $52 billion, surpass CBN’s 2026 forecast
Nigeria’s external reserves have crossed the $52 billion mark for the first time in more than 17 years, surpassing…