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Macroeconomic
Senate threatens to arrest HYPREP coordinator over $360m Ogoni cleanup
The Nigerian Senate’s Public Accounts Committee has warned Professor Nenibarini Zabbey, Coordinator of the…
CBN Waives 2025 License Renewal Fee for BDC Operators
In a bid to ease financial pressures on Bureau De Change (BDC) operators, the Central Bank of Nigeria (CBN) has…
US Investigates United Airlines Flight That Returned to Nigeria After Mid-Air…
The US National Transportation Safety Board (NTSB) has launched an investigation into a United Airlines flight…
Currency Markets Roiled by Tariffs and AI Uncertainty
Global currency markets experienced sharp volatility as new U.S. tariff threats and concerns over artificial…
Nigerian Stock Market Gains N795bn As Bullish Run Boosts Investor Confidence
The Nigerian stock market kicked off the week on a strong bullish trend, with the All-Share Index (ASI) rising by…
Inflation, poverty rate dip Nigeria-China trade to $20b in 2024
In 2024, trade volume between Nigeria and China fell to approximately $20 billion, a decline from the $22.6…
Emerging market investors eye frontier assets shielded from Trump’s tariff…
Amid growing global uncertainties, including rising U.S. tariffs and geopolitical tensions, investors are…
Trump policies may weigh on foreign inflows, naira stability
Analysts warn that President Donald Trump’s economic policies, including a strong dollar and increased oil…
Forex spending on foreign education, health defy naira depreciation
Despite the sharp depreciation of the naira, Nigerians increased their spending on foreign education and…
Tinubu’s Economic Reforms Aiming for Long-Term Growth and Poverty Reduction
President Bola Ahmed Tinubu’s administration is stabilizing Nigeria's economy through significant socio-economic…
Markets Rally as Trump Returns to White House
As Donald Trump prepares for his second term as U.S. president, investors are cautiously optimistic about his…
Nigeria Seeks Global Mining Partnerships to Boost Economy
Nigeria has reaffirmed its commitment to attracting global investment in its mining sector as part of broader…
Weak Naira Attracted Tourists and Boosted Economy in December
The depreciation of Nigeria’s local currency, the naira, significantly influenced international tourism and…
High Interest Rate: Manufacturers cut back on bank loans
The Central Bank of Nigeria’s (CBN) aggressive monetary tightening has driven manufacturers to cut back on bank…
Nigeria’s Current Account Surplus Strengthens Forex Stability
Nigeria recorded a current account (CA) surplus of $6.1 billion in Q3 2024, up from $3.9 billion in Q2, marking…
FG to Establish Farmers Database for Targeted Support
The Federal Government of Nigeria, through the Ministry of Agriculture and Food Security, has signed an agreement…
Scott Bessent Faces Senate Scrutiny Over Taxes Trade and Deficits
Scott Bessent, President-elect Donald Trump's nominee for Treasury Secretary, is set to face tough questions from…
Equity market posts N930bn loss
The Nigerian equity market recorded a significant loss of N930.62bn at the close of trading on Wednesday, marking…
34.8% inflation rate triggers fears of rising prices, hardship
Nigeria's inflation rate surged to 34.80% in December 2024, a marginal increase from November's 34.60%, according…
Nigeria’s Inflation Hits 34.80% Dampening Hopes for Rate Cut
Nigeria’s inflation rate surged to 34.80% in December 2024, dampening expectations for a potential rate cut by the…
ECB Looks to Services Prices to Meet Inflation Target Says Chief Economist
Eurozone inflation is expected to decline in 2025 due to slower wage growth and reduced cost pressures, according…
UK Business Confidence Falls to Two-Year Low Amid Tax Concerns
British business morale plunged to its lowest point in two years during late 2024, driven by tax concerns…
Naira fall takes $310bn toll on economy
Nigeria's economy has suffered a $310 billion loss in GDP over the past decade, driven by naira devaluation, low…
Bitcoin, dollar assets top investments to watch
As Nigerians evaluate investment options for 2025, experts highlight key opportunities in dollar savings, Nigerian…
CBN fines 9 banks N1.35bn for failing to dispense cash via ATMs
The Central Bank of Nigeria (CBN) has fined nine banks N1.35 billion for failing to ensure cash availability…
Nigerian Reforms and Rising Demand to Drive Africa’s 4.2% GDP Growth in 2025
The Brookings Institution has forecasted a 4.2% growth in Africa’s GDP for 2025, an improvement from 2023's 3.1%,…
Stock Price of FBN Holdings Crashes by 5.63%
The stock price of FBN Holdings Plc fell by 5.63% on the Nigerian Exchange Limited (NGX), closing at ₦28.50 per…
FX Appetite Drives 79.4% Surge in Mutual Funds to N3.8 Trillion
The growing appetite for foreign currency investments, especially dollar-denominated assets, has propelled…
Value of eNaira rises by 57% to N18.32 bn
The value of the eNaira, Nigeria's digital currency introduced by the Central Bank of Nigeria (CBN) in 2021,…
Naira appreciates to N1,655/$ in parallel market
The Naira appreciated in the parallel market yesterday, trading at N1,655 per dollar compared to N1,665 last…