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Economy
FG Launches N729bn Power Sector Bond to Clear GenCo Debts and Boost Electricity…
The Federal Government has unveiled a N729 billion Series 2 Power Sector Bond aimed at settling outstanding debts…
CBN Governor Cardoso Warns Global Economic Shocks May Delay Nigeria’s Single-Digit…
Nigeria’s journey toward achieving single-digit inflation may take longer than expected as persistent global…
NGX Emerges Africa’s Second-Best Stock Market as Investors Drive 47.4% Surge in…
The Nigerian Exchange (NGX) has cemented its position as one of Africa’s strongest-performing equity markets,…
FG Bond Auction Draws Massive Demand as Investors Subscribe ₦1.74tn in July
Investor confidence in Federal Government securities remained strong in July as the Debt Management Office (DMO)…
States get N2.37 trillion VAT in six months under new sharing formula
State governments across Nigeria received a combined N2.37 trillion in Value Added Tax (VAT) allocations during the…
FG rejects reports of N80tn fresh public borrowing
The Federal Government has dismissed claims that President Bola Tinubu’s administration borrowed an additional N80…
Nigeria’s Petrol Imports Surge 207% as Local Supply Drops Despite Dangote Refinery…
Nigeria’s petrol imports recorded a dramatic increase of 207 percent in June, highlighting the country’s continued…
Nigeria Poised to Build Africa’s Largest Capital Market, Says NGX CEO Temi Popoola
Nigeria has the potential to become home to one of Africa’s largest and most influential capital markets, according…
States Pocket N2.37tn VAT Windfall as New Tax Sharing Formula Boosts Revenue
State governments across Nigeria received a massive N2.37 trillion from Value Added Tax (VAT) revenue in the first…
Abuja CityWalk to make FCT Africa’s next investment hub – Tinubu
Nigeria's ambition to become a leading destination for global investment received a major boost as President Bola…
OPEC Warns High Inflation Could Undermine Nigeria’s Economic Gains Despite Rising…
Nigeria’s economy may be enjoying a boost from rising crude oil production and stronger government revenues, but…
FG Raises N729bn Bond to Clear GenCos’ Debts, Boost Nigeria’s Power Sector…
The Federal Government has unveiled plans to raise approximately N729 billion through a new bond issuance to settle…
IPMAN Warns Rising Petrol Imports Could Trigger Higher Fuel Prices in Nigeria
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has sounded the alarm over the growing number of…
Nigeria Crude Oil Production Hits N41.7tn in Six Months as Output Shows Strong…
Nigeria earned an estimated N41.74 trillion from crude oil and condensate production in the first six months of…
Nigeria Net FX Reserves Surge Over 1,200% as CBN Reforms Boost Investor Confidence
Nigeria’s net foreign exchange (FX) reserves have recorded a remarkable increase of more than 1,200 percent, rising…
CBN Launches Digital FX Tracker, Tightens Rules for BDC Dollar Purchases Through…
The Central Bank of Nigeria (CBN) has unveiled a new digital platform designed to monitor foreign exchange…
World Bank: 79% of Nigerians Still Face Poverty Despite Economic Reforms
Despite nearly three years of major economic reforms by the Federal Government, the World Bank has revealed that…
Nigeria Tax Revenue Jumps to N21.6 Trillion in H1 2026 as Economic Reforms Deliver…
Nigeria’s tax revenue recorded a remarkable boost in the first half of 2026, reaching N21.6 trillion and marking a…
CBN Rate Hike Looms as Pre-Election Spending Raises Inflation Concerns
Nigeria’s financial markets could face a significant shift in the coming months as experts warn that the Central…
Tinubu Says Economic Reforms Are Driving Nigeria’s Steady Growth as Deloitte Backs…
President Bola Tinubu has expressed confidence that Nigeria’s economy is on a path of steady growth, stating that…
US Inflation Eases in June as Energy Prices Fall, but Fresh Middle East Tensions…
The United States recorded a welcome slowdown in inflation during June 2026, driven largely by a sharp decline in…
FG inaugurates advisory committee to drive economic reforms
The Federal Government has taken another significant step in its economic reform agenda with the inauguration of a…
Nigeria Foreign Reserves Surge to $51.86 Billion, Highest Level Since 2009 as…
Nigeria’s foreign reserves have reached an impressive $51.86 billion, marking the highest level recorded in more…
FTSE Russell Delays Nigeria Frontier Market Reclassification Amid T+1 Settlement…
Nigeria’s hopes of reclaiming its position in the global Frontier Market Index have hit a temporary roadblock after…
CBN Signals High Interest Rates May Persist as Reform Gains Boost Investor…
The Central Bank of Nigeria (CBN) has indicated that high interest rates could remain in place for longer as…
Nigeria, Hong Kong Sign Double Taxation Agreement to Boost Trade and Investment
Nigeria and the Hong Kong Special Administrative Region of the People’s Republic of China have officially signed a…
US June Inflation Cools to 3.5% as Energy Dropped, But Middle East War Threatens…
American consumers caught a rare break last month as US June inflation cooled faster than anyone expected. Fresh…
Dangote’s Dollar Fuel Pricing Sparks Fresh Pressure on Naira and Pump Prices
Nigeria’s downstream petroleum sector is facing fresh uncertainty following Dangote Petroleum Refinery’s decision…
Tinubu Urges Afreximbank to Fast-Track Africa’s Industrialisation and Economic…
President Bola Ahmed Tinubu has called on the African Export-Import Bank (Afreximbank) to play a more active role…
Majority of U.S. workers support an AI wealth fund as tech layoffs surge, survey…
The tech world is living through a bizarre paradox. On one hand, silicon giants are boasting record-breaking…