Browsing Category
Economy
IMF Flags Missing Public Spending in Nigeria’s Budget, Says 2% of GDP Went…
The International Monetary Fund (IMF) has raised concerns over Nigeria’s fiscal reporting, revealing that public…
Nigeria Leads Africa in IMD Economic Performance Ranking Despite Competitiveness…
Nigeria has been ranked as the highest-performing economy in Africa on the economic performance pillar of the…
World Bank Approves $1.25bn Nigeria Loan Amid Growing Debt Concerns and Economic…
The World Bank has approved a fresh $1.25 billion loan for Nigeria under its Nigeria Actions for Investment and…
Nigeria’s $1.5bn Abu Dhabi Drawdown to Cut Borrowing Costs, Says Oyedele
Nigeria’s decision to access only $1.5 billion from its $5 billion financing arrangement with First Abu Dhabi Bank…
Naira Ends June at N1,376/$ as Forex Market Weathers Volatility and Maintains…
The Nigerian naira closed June 2026 at N1,376 against the United States dollar in the official foreign exchange…
Nigeria Eyes Return to Global Debt Market with First Eurobond Sale Since November
Nigeria is taking significant steps toward re-entering the international debt market as the Debt Management Office…
Nigeria Tops African Peers in IMD Economic Performance Ranking Despite…
Nigeria has emerged as the highest-performing African economy in the International Institute for Management…
World Bank to End China Lending by 2031 as Partnership Enters New Phase
The World Bank has announced plans to phase out lending to China by 2031, signaling a significant change in its…
FTSE Russell Delays Nigeria Frontier Market Upgrade Over Concerns About New T+1…
Nigeria’s anticipated return to Frontier Market status has hit an unexpected hurdle after global index provider…
Fuel Pricing Reform Takes Center Stage as FG Moves to Protect Nigerians from…
The Federal Government has announced fresh efforts to address growing concerns over fuel pricing in Nigeria,…
AfCFTA Boosts Nigeria’s Intra-African Trade to $9.02bn as Regional Exports Surge…
Nigeria’s trade with other African countries recorded a significant leap in 2025, reaching $9.02 billion and…
Nigeria’s Money Market Set for N500bn Liquidity Boost as OMO Bills Mature
Nigeria’s money market is expected to receive a significant boost this week as approximately N500 billion from…
Wall Street Ends First Half on a High as Dow Hits Record Close and Stock Futures…
Wall Street is preparing to close out the first half of the year on a strong note, with U.S. stock futures rising…
Ethiopia Secures Landmark $1 Billion Bond Restructuring Deal as Investor…
Ethiopia has taken a major step toward resolving its long-running debt crisis after reaching a preliminary…
FEC Approves $2.9 Billion Financing Package to Boost Transport, Agriculture, Power…
The Federal Executive Council (FEC) has approved a massive financing package worth approximately $2.96 billion,…
Flutterwave’s $50bn Milestone Signals a New Era for Africa’s Digital Payments…
Africa’s digital economy is entering a transformative phase, and Flutterwave’s latest milestone is offering a…
Nigeria Gas Flaring Rises 8% as Global Waste of Natural Gas Hits Six-Year High
Global gas flaring surged to its highest level in six years in 2025, with Nigeria recording an eight per cent…
US Demand for Nigerian Goods Falls as Trade Deficit Hits N1.63 Trillion in Q1 2026
Nigeria’s trade relationship with the United States took a significant turn in the first quarter of 2026, as demand…
Nigeria’s Debt Servicing Swallows 72% of Revenue as Analysts Warn of Fiscal…
Nigeria's growing debt burden is raising fresh concerns among economic analysts after debt servicing costs consumed…
Economic Reforms Key to Nigeria’s Sustainable Growth, Says NGX Chairman
Nigeria’s journey toward sustainable economic growth depends heavily on the successful implementation of economic…
Stock Futures Surge as Tech Stocks Rebound Amid U.S.-Iran Ceasefire Agreement
U.S. stock futures climbed sharply on Monday as investors welcomed signs of renewed strength in technology shares…
US Treasury Yields Hold Steady as Investors Await Crucial Jobs Report
U.S. Treasury yields showed little movement on Monday as investors adopted a cautious stance ahead of a series of…
Exports to US fall by N366bn as imports surge
Nigeria’s trade relationship with the United States took a dramatic turn in the first quarter of 2026 as exports to…
FMDQ FX Market Turnover Jumps 22% to $2.84 Billion as Trading Activity Gains…
Nigeria's foreign exchange market recorded a significant boost in trading activity as total turnover on the FMDQ…
MPR: Analysts see MPC holding rates as election cycle begins
As Nigeria edges closer to the 2027 general elections, financial analysts are increasingly convinced that the…
Tax Compliance Key to Nigeria’s Economic Growth, Says Oyedele
Nigeria could witness unprecedented economic growth if it succeeds in improving tax compliance across the country,…
Ceramic Industry Investment Key to Nigeria’s $1 Trillion Economy Goal, Experts Say
Nigeria’s journey toward becoming a $1 trillion economy by 2030 could receive a significant boost from the ceramics…
Nigeria’s exports to East, Southern Africa hit N1tn
Nigeria’s exports to East and Southern African countries have crossed the N1 trillion mark for the first time,…
Treasury Yields Slip as Inflation Concerns and Middle East Tensions Keep Markets…
U.S. Treasury yields moved lower on Friday as investors closely monitored the latest inflation data and renewed…
Intra-African Trade Hits $213.8 Billion as AfCFTA Drives Regional Economic Growth
Africa's push for deeper economic integration is yielding positive results as intra-African trade climbed by 5.5…