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Exchange Rate and Inflation: Fixing the fundamentals first
In many developing economies, exchange rate fluctuations serve as the main driver of inflation. In Nigeria, the…
Nigerian Stock Market Suffers N421bn Loss Amid Bearish Trends
The Nigerian Exchange experienced a significant downturn last week, with the market losing N421bn. The All-Share…
Naira Ends February Strong, Defying Pressure with Gains in Parallel Market
The Nigerian naira ended February 2025 with notable fluctuations in its performance across both the parallel and…
CBN Halts Interest Rate Hikes Amid Inflation Slowdown and Naira Strengthening
In a notable shift from its aggressive tightening policies, the Central Bank of Nigeria (CBN) has paused its…
Capital Market Key to Nigeria’s Economic Stability, Says Shettima
Vice President Kashim Shettima has highlighted the crucial role of Nigeria’s capital market in ensuring economic…
Net Foreign Exchange Inflows Surge by 44% to $41.89 Billion in 2024
The net foreign exchange inflows into Nigeria's economy increased by 44.8% year-on-year, reaching $41.89 billion…
Foreign Investment Outflow Hits N20.19bn in January, Threatening Market Stability
In January 2025, Nigeria’s stock market faced a significant challenge with a net foreign investment outflow of…
ECOWAS Workshop Reinforces Regional Energy Data Integration
The Economic Community of West African States (ECOWAS) has reaffirmed its commitment to enhancing regional energy…
Q4 2024 GDP Report Reveals Economic Weaknesses and Imbalance – Expert Analysis
The recently released Q4 2024 GDP figures from the National Bureau of Statistics (NBS) indicate a…
ICT Contributes 17.7% to Nigeria’s GDP, Telecom Sector Leads Growth
In a recent report from the National Bureau of Statistics (NBS), the Information and Communications Technology…
World Bank to Approve $2.2 Billion Loan for Nigeria in 2025
Nigeria is set to receive a $2.2 billion loan from the World Bank in 2025, aimed at supporting six major…
Interswitch Pushes for AI Integration in Africa’s Workforce and Economy
Interswitch, a leading integrated payments and digital commerce company in Africa, is emphasizing the critical…
NESG Calls for AI Adoption in Nigerian Town Planning to Boost Productivity
The Chairman of the Nigeria Economic Summit Group (NESG), Olaniyi Yusuf, has emphasized the need for the…
Concerns Mount as Naira Strengthens Amid Decline in Forex Reserves
The Nigerian naira has shown notable improvement recently, gaining strength due to foreign exchange reforms…
Finance and Insurance Sectors Drive Nigeria’s GDP Growth in 2024
In 2024, Nigeria’s finance and insurance sectors played a significant role in boosting the country’s real GDP…
Naira Strengthens to N1,485 as Dollar Liquidity Improves
The Nigerian naira has strengthened against the US dollar in the parallel market, reaching a rate of N1,485 per…
SEC Shortens Capital Market Approval Time to 14 Days
The Securities and Exchange Commission (SEC) has significantly reduced the approval time for companies looking to…
Rewane: CBN’s Intervention Policies Strengthen Naira Stability
Economist Bismarck Rewane, CEO of Financial Derivative Company, has praised the Central Bank of Nigeria’s (CBN)…
LCCI Calls for Monetary Policy to Address Real Economic Pressures, Not Just…
The Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr. Chinyere Almona, has urged the…
Experts Predict Strong Q4 GDP Growth in Nigeria but Full Year May Fall Short
Nigeria's economy is projected to see a strong Q4 2024 GDP growth, surpassing the 3.46% recorded in Q3 2024.…
Tinubu Vows Support for Fintech Growth in Nigeria
President Bola Tinubu has pledged his administration's commitment to supporting the growth of the financial…
Stock Market Experiences N231bn Loss as Bearish Trends Persist
The Nigerian stock market started the week on a negative note, with significant losses amounting to N231 billion.…
Naira Strengthens Against Major Currencies Following EFEMS Introduction
The Naira has shown significant improvement against major foreign currencies, including the British Pound, Euro,…
Young Nigerians Positioned to Drive AI Growth for Economic Prosperity
Victor Benjamin, the West/South-South Director for Young Professionals for Tinubu, has emphasized that young…
CBN Pledges to Enhance Nigeria-Saudi Economic Relations
The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has reaffirmed the bank's commitment to…
Nigeria’s Currency in Circulation Reaches N5.24 Trillion, 90.4% Held Outside…
Nigeria's total currency in circulation hit a record high of N5.24 trillion in January 2025, reflecting a 43.5%…
Brazil’s JBS to Invest $2.5 Billion in Ogun State’s Livestock Industry
In a major boost to Nigeria's livestock sector, JBS, the world’s largest protein producer based in Brazil, has…
Nigeria Seeks Saudi Investment for Infrastructure Development
The Nigerian government has initiated discussions with the Saudi Fund for Development (SFD) regarding potential…
Dangote Refinery Holds Over 500 Million Litres of PMS, Aims to Export 60% of…
Dangote Industries Limited (DIL) has made significant strides in Africa's energy sector, with President Aliko…
Financial Inclusion Key to Nigeria’s Economic Development, Says CBN
The Deputy Governor for Financial Systems Stability at the Central Bank of Nigeria (CBN), Mr. Philip Ikeazor,…