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Economy
Naira Slides to N1,359/$ After CBN Interest Rate Cut to 26.5%
The naira slid to N1,359 per dollar on Tuesday after the Central Bank of Nigeria (CBN) announced a 50 basis points…
CBN Cuts Interest Rate to 26.5% as OPS Hails Move as Growth Signal
Nigeria’s apex bank has trimmed its benchmark lending rate in what business leaders describe as a cautious but…
Nigeria’s FX Reserves Rise to $50.4bn – CBN Governor Cardoso
Nigeria’s foreign exchange (FX) reserves have climbed to $50.45 billion, marking the highest level recorded in 13…
How Nigeria’s Naira Rally Can Be Sustained in 2026 – Expert Insights
Nigeria’s naira continues its impressive comeback, marking its strongest performance in 13 years with a 7.5 percent…
Global Mobility Boosts Nigeria’s Economy, Not Capital Flight — Optiva Capital…
The rising trend of Nigerians seeking opportunities abroad is fueling economic growth rather than draining national…
CBN Drives Cross-Border Payment Reforms to Boost Nigerian MSMEs
The Central Bank of Nigeria (CBN) is spearheading reforms in cross-border digital payments to drive growth and…
Nigeria Capital Market Contribution to GDP Hits 33% as Market Cap Surges by…
Nigeria’s capital market has recorded a remarkable expansion, with its contribution to the nation’s Gross Domestic…
FG Targets $5.7bn China Investment Deal to Boost Power, Mining and Manufacturing
Nigeria’s Federal Government is intensifying efforts to secure a $5.7bn China investment deal aimed at transforming…
FG Moves to Secure $5.7bn China Investments to Boost Power, Mining and…
Nigeria’s Federal Government is making a major push to attract up to $5.7 billion in new Chinese investments to…
FG and Japan Launch $50 Million Innovation Fund to Boost Nigerian Startups
The Federal Government of Nigeria, in collaboration with the Japan International Cooperation Agency (JICA), has…
CBN Set to Ease Rates as Inflation Cools and Naira Strengthens
As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) begins its meeting today, analysts are…
Nigeria’s Capital Market Contribution to GDP Hits 33% as Market Surges Past N123…
Nigeria’s capital market has recorded a historic surge, with its contribution to the country’s Gross Domestic…
Nigeria Allocates 5% of GDP to Industrial Financing in Bold Move to Boost…
The Federal Government of Nigeria has unveiled plans to allocate up to 5% of the nation’s Gross Domestic Product…
European Markets Slide as Trump’s 15% Global Tariffs Rattle Investors
European markets are set to open lower on Monday as investors react to U.S. President Donald Trump’s announcement…
FG Commits 5% of GDP to Manufacturing Growth Under Nigeria Industrial Plan
The Federal Government has pledged to channel up to five per cent of Nigeria’s Gross Domestic Product annually into…
Tinubu’s Executive Order to Boost FG, State, and LG Revenues by N15tn: Direct Oil…
President Bola Tinubu’s latest Executive Order is set to transform Nigeria’s oil and gas revenue system, with…
MPC Weighs Policy Easing as Inflation Declines, Analysts Eye Possible Rate Cut
Nigeria’s Monetary Policy Committee (MPC) is preparing for its February 23–24 meeting amid growing debate over…
CBN Warns Digital Payment Growth Could Spark Currency Substitution and FX…
The Central Bank of Nigeria (CBN) has raised alarms over the rapid expansion of digital payments, warning that…
Nigeria Eyes 18% Tax-to-GDP Ratio Through Digital Reforms – Finance Minister Edun
Nigeria is aiming to raise its tax-to-GDP ratio to 18 percent in the medium term, thanks to a series of tax reforms…
FMDQ Exchange Records N676.7 Trillion Turnover in 2025, Signals Strong Market…
Nigeria’s fixed income and foreign exchange market achieved a landmark turnover of N676.71 trillion on the FMDQ…
Nigeria’s Borrowing Costs Fall as Treasury Bills and FGN Bonds Rally on Strong…
Nigeria’s borrowing costs eased across its fixed-income market on Thursday, February 19, 2026, as yields on…
Naira Hits Two-Year High at N1,347/$ as FX Liquidity Improves
The naira has surged to its strongest level in nearly two years, trading at N1,347.78/$ in the official market,…
Nigeria’s Business Travel FX Spending Surges 366% to $672M Amid Growing Global…
Nigeria has witnessed a remarkable surge in foreign exchange (FX) spending for business travel, with expenditures…
Bank Recapitalisation Could Bridge $120B African Trade Finance Gap, Says…
Afreximbank has advised the Nigerian government to use ongoing bank recapitalisation as a strategic tool to address…
CBN Governor Urges Banks to Drive Africa’s Industrialisation and Green Finance
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has called on banks and development finance…
Nigeria’s Foreign Reserves Hit $48.5bn, Highest Level Since 2013
Nigeria’s foreign reserves have climbed to $48.5 billion, marking the highest level recorded since May 2013.…
Nigeria’s World Bank IDA Debt Rises to $18.7bn as External Borrowing Pressures…
Nigeria’s debt to the International Development Association (IDA), the concessional lending arm of the World Bank,…
Ghana Government Pays GH¢10 Billion Interest Under Domestic Debt Exchange…
The Government of Ghana has successfully settled GH¢10 billion in interest obligations under the Domestic Debt…
FG Asset Sales in 2026: Revenue Generation Overshadows Efficiency, Analysts Warn
Analysts have raised concerns over the Federal Government’s (FG) plan to sell selected state-owned assets and…
Naira Strengthens to N1,337/$ Amid Global Peace Talks: What It Means for Nigeria’s…
The Nigerian Naira has shown signs of recovery, strengthening to N1,337 per U.S. dollar at the official foreign…