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Economy
Nigeria FX Market Turnover Drops 46.57% to $1.63 Billion as Trading Activity Slows
Nigeria’s FX market turnover recorded its steepest weekly decline of 2026, falling by 46.57% to $1.63 billion in…
Manufacturing Sector Struggles Despite N1.17 Trillion VAT Contribution as Industry…
Nigeria's manufacturing sector generated an impressive N1.17 trillion in Value Added Tax (VAT) revenue in 2025,…
AS US, Iran Resume Hostilities over Strait of Hormuz, Dangote to Now Sell Fuel in…
The fragile peace in the Middle East has shattered once again. A fresh wave of military strikes between the United…
Nigeria’s Stock Overtakes South Korea As World’s Best-Performing
Nigeria’s stock market has climbed to the top of the global rankings, emerging as the world’s best-performing…
Nasdaq Futures Climb as Chip Stocks Rally Despite Rising U.S.-Iran Tensions
Wall Street showed signs of resilience on Thursday as Nasdaq futures advanced, driven by strong gains in…
IMF Maintains Nigeria’s 4.1% Growth Forecast for 2026 Amid Global Uncertainty and…
Nigeria’s economic outlook has received a vote of confidence from the International Monetary Fund (IMF), which has…
IMF Warns Rising Food Prices Could Deepen Poverty in Nigeria Despite Stronger…
The International Monetary Fund (IMF) has retained its forecast that Nigeria's economy will grow by 4.1 percent in…
Tinubu Tasks Afreximbank To Drive Africa’s Industrialisation
President Bola Ahmed Tinubu has challenged the African Export-Import Bank (Afreximbank) to take a leading role in…
EBRD Picks Nigeria as West Africa Growth Hub in Major Expansion Drive
The European Bank for Reconstruction and Development (EBRD) has placed Nigeria at the heart of its ambitious…
Nigeria’s FX Market Hits Three-Month High as Turnover Climbs to $3.05 Billion
Nigeria’s foreign exchange market has kicked off the third quarter of 2026 on a strong note, recording its highest…
FG Seeks Community Backing for Dangote Industrial City and Africa’s Largest Deep…
The Federal Government has appealed to residents and stakeholders in Ogun and Ondo states to fully support the…
NOG Energy Week, Microfinance Bank Liquidation Lead Major Business Developments…
Nigeria’s business landscape is set for another eventful week as key developments across the energy, banking, and…
AfCFTA Digital Trade Forum Calls for Faster Implementation of Africa’s Digital…
The African Continental Free Trade Area (AfCFTA) Digital Trade Forum 2026 has ended with a strong call for member…
Nigeria Revenue Service Generates N21.6 Trillion in Six Months as Tax Reforms…
Nigeria’s revenue drive has gained significant momentum, with the Nigeria Revenue Service (NRS) generating an…
Nasdaq Futures Slide as Chip Stocks Tumble, Raising Concerns Ahead of Q2 Earnings…
U.S. stock futures traded mixed on Tuesday as a fresh wave of selling in semiconductor stocks dragged Nasdaq…
DMO Unveils July 2026 FGN Savings Bond at Record 15.716% Interest Rate, Highest…
The Debt Management Office (DMO) has launched the July 2026 FGN Savings Bond, offering Nigerians an opportunity to…
Ghana Settles $700 Million Eurobond Early, Pays $2.1 Billion to Investors Since…
The Government of Ghana has taken another major step in its debt recovery efforts by settling a $700 million…
Oyedele Rejects IMF Claim of ₦8 Trillion Unreported Spending, Insists No Secret…
The Federal Government has firmly rejected claims by the International Monetary Fund (IMF) that Nigeria spent more…
Bank Recapitalisation Drained Funds from Nigeria’s Productive Economy, Says Adonri
Nigeria’s banking recapitalisation programme may have succeeded in strengthening the financial sector, but it came…
Tinubu Secures $11.4bn World Bank Loans in Three Years, Nears Buhari’s Eight-Year…
President Bola Tinubu’s administration has secured an impressive $11.4 billion in World Bank loan approvals within…
Nigerian Businesses Hold Ground Despite Rising Costs and Credit Challenges, NESG…
Nigeria’s business sector continued to show resilience in June 2026, maintaining a steady level of confidence…
Naira Remains Stable as CBN Tightens Policy and Rising Oil Output Strengthens FX…
The Nigerian naira is maintaining a stronger footing in 2026, offering a sense of relief to businesses, investors,…
Nigeria, China Strengthen Investment Ties with New Focus on Energy, Exports and…
Nigeria and China have taken a significant step toward strengthening economic cooperation, with business leaders…
Nigeria, Canada Push Data-Driven Investment Strategy to Unlock Trade Growth
Nigeria and Canada are intensifying efforts to strengthen their economic partnership, with both countries placing…
Afreximbank Urges Nigeria, African Nations to End Lithium Exports and Build EV…
African Export-Import Bank (Afreximbank) President and Chairman of the Board, Dr. George Elombi, has called on…
US-Nigeria Trade Surges to $15 Billion as America Deepens Economic and Security…
The United States has reaffirmed its commitment to strengthening ties with Nigeria after bilateral trade between…
Dangote Cement Raises Dividend by 50% as Shareholders Receive Record N753.8…
Dangote Cement Plc has rewarded its shareholders with a historic dividend payout after announcing a 50 per cent…
Naira Falls 1.1% in June Despite Strong FX Liquidity as Market Confidence Grows
Nigeria’s currency market showed signs of growing resilience in June 2026 as the naira recorded only a marginal…
Afreximbank Invests 80% of Resources in Africa to Drive Infrastructure and…
The African Export-Import Bank (Afreximbank) has revealed that about 80 per cent of its balance sheet is currently…