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Economy
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…
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…