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Economy
Nigeria’s External Reserves Drop by $855 Million in Five Weeks Amid Forex Pressure
Nigeria’s external reserves declined by approximately $855 million within five weeks, highlighting renewed pressure…
Nigeria’s Power Crisis Deepens Despite 300% Tariff Hike as Consumers Pay More for…
Two years after Nigeria introduced the controversial Band A electricity tariff system, many consumers say they are…
Dangote Targets 20,000MW Power Expansion as He Pushes Bold Industrial Drive Across…
Africa’s richest industrialist, Aliko Dangote, has announced an ambitious plan to enter the power sector with a…
Canada Posts Surprise Trade Surplus as Oil and Gold Boom Boost Exports
Canada has recorded an unexpected trade surplus, its first in six months, as rising oil and gold prices boosted…
Only Four African Economies Ready for Sustainable Industrialisation – RED Index…
A new 2025 RED Index of Industrial Development in Africa has revealed a sobering reality about the continent’s…
Political Stability Drives FDI in Africa as MAN Calls for Investment Reforms
Despite a gradual rise in foreign investment flows into Africa, the Manufacturers Association of Nigeria (MAN) has…
FX reforms stabilize Nigeria automotive industry despite rising costs
The Association of Automobile, Boatyards, Transport Equipment and Allied Employers of Nigeria (AABTEAEN) says…
Nigeria–China Zero-Tariff Policy Spurs Export Opportunities, but Concerns Persist
Nigeria’s export sector is entering a new phase as businesses begin to explore opportunities under the Nigeria…
Nigeria Capital Market Inflows to Hit N10.53trn in May – FMDA Forecasts Liquidity…
Nigeria’s financial system is set for a significant liquidity boost, with the Financial Markets Dealers Association…
Naira Exchange Rate Strengthens Against US Dollar, Nears N1,350 Mark Amid Market…
The Nigerian naira continued its upward movement against the US dollar in the official foreign exchange market on…
$1 Trillion Economy: Tinubu Courts Global Investors in Paris, Cites 11.2% GDP…
President Bola Tinubu has engaged global investors in Paris, France, where he spotlighted Nigeria’s ongoing…
Food Prices in Nigeria Rise and Fall in March 2026, NBS Reports Mixed Trends
Fresh data from the National Bureau of Statistics (NBS) shows a mixed pattern in food prices across Nigeria in…
FMDA projects N10.53 trillion inflows in May on heavy OMO maturities
Nigeria’s fixed income market is expected to experience a major liquidity boost in May 2026, with projected inflows…
Dangote Group Targets Dollar Bond Sales to Fund Massive Expansion Drive
Dangote Industries Limited is ramping up plans to raise more funds from international investors as it…
Nigeria’s Mining Sector Attracts $2.6bn Investment in 30 Months – Shettima
Nigeria’s mining sector has attracted approximately $2.62 billion in investments over the past 30…
IMF Warns Angola’s Debt Could Hit Ceiling Amid Oil Revenue Pressures
The International Monetary Fund (IMF) has projected that Angola’s public debt could reach its legal ceiling in the…
NGX Extends Trading Hours: Will Longer Sessions Boost Liquidity or Weaken Market…
Nigeria’s equities market has entered a new phase following the extension of trading hours on the Nigerian Exchange…
Naira Strengthens to N1,362/$ Amid Dollar Weakness, Extends FX Market Gains
Nigeria’s currency, the naira, continued its upward momentum on Tuesday, appreciating to N1,362/$ and extending its…
CBN Reforms Strengthen Nigeria’s Economy Amid Global Shocks
Nigeria’s economy is facing one of its most challenging periods in recent years, as global…
Naira Rebounds in April 2026, Gains N51 as FX Volatility Eases and Market…
The Nigerian naira recorded a notable recovery in April 2026, marking its first monthly gain for the month of April…
Bank Deposits with CBN Drop to N92.32trn After Interest Rate Cut as Liquidity…
Bank deposits with the Central Bank of Nigeria (CBN) dropped sharply to N92.32 trillion in April 2026, following…
Concerns Mount Over Delayed Release of Nigeria’s 2026 Budget Details After…
Concerns are growing over the Federal Government’s delay in publishing the detailed breakdown of Nigeria’s 2026…
NNPC Remits N2.89 Trillion to Federation Account in Q1 2026 as Oil Revenue Surges
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a strong financial performance,…
Global Oil & Digital Shake-Up: UAE Exit from OPEC, Showmax Shutdown and Key…
This week’s global business landscape is shaping up with major developments across energy, media, and economic…
Naira Appreciates to N1,367/$ in Early May 2026 Trading as FX Market Stability…
The Nigerian naira opened the first trading session of May 2026 on a stronger note, appreciating to N1,367.5 per…
Foreign Borrowing Rises as 32 Nigerian States and FCT Add Nearly $1 Billion in New…
Nigeria’s subnational governments increased their reliance on foreign borrowing in 2025, as 32 states and the…
CBN to Raise N700 Billion via Treasury Bills Auction in May 2026 Amid Strong…
The Central Bank of Nigeria (CBN) has announced plans to raise N700 billion through its Nigerian Treasury Bills…
Naira Gains Slightly as FX Liquidity Hits $10bn in April, Trade Activity Surges
The Nigerian naira closed April 2026 on a slightly stronger note, supported by improved liquidity in…
Naira Ends Losing Streak as FX Liquidity Improves, Trades at N1,379/$ Amid…
The Nigerian naira staged a mild recovery in the official foreign exchange market on Wednesday, breaking a…
Naira Strengthens Slightly Against Dollar as FX Turnover Surges in Nigerian…
The Nigerian naira recorded a modest gain against the US dollar on Wednesday, supported by a notable rise in…