Economy
Nigeria Seeks $580M in Fresh World Bank Loans Amid Rising Debt Concerns
The Federal Government of Nigeria is engaging the World Bank for two new loans totaling $580 million, set for approval...
Read more
Naira Soars by N63 in Seven -Month High
Nigeria’s exchange rate saw a remarkable surge in January 2025, appreciating by N63.72 to close at N1,474.78 per dollar on...
Read more
CBN Assures Naira Stability as Investor Confidence Grows
The Central Bank of Nigeria (CBN) has reiterated its confidence that the naira will stabilize as investor confidence strengthens. CBN...
Read more
Nigerian Investors Dominate Equities Market with Record N4.73 Trillion Transactions
Domestic investors in Nigeria’s equities market reached a record high in 2024, executing transactions worth N4.73 trillion—far surpassing foreign investors’...
Read more
Nigerian Government to Implement National Single Window, Cut Port Costs by 25 %
The federal government has announced plans to implement the National Single Window (NSW) system to reduce the cost of doing...
Read more
World Bank and IMF Call for Unified Approach to Tackle Inflation in Nigeria
The World Bank and the International Monetary Fund (IMF) have urged the Central Bank of Nigeria (CBN) to stay committed...
Read more
Rising Debt and Limited Financing Threaten Nigeria’s Economic Recovery in 2025 – LCCI
President of the Lagos Chamber of Commerce and Industry (LCCI), Gabriel Idahosa, has warned that Nigeria’s economic recovery in 2025...
Read more
CBN Projects 4.17% GDP Growth in 2025 as Inflation and FX Reforms Take Shape
The Central Bank of Nigeria (CBN) has forecasted a 4.17% economic growth rate for 2025, driven by ongoing reforms and...
Read more
Nigeria, Global Leaders Target $29 Trillion African Economy by 2050
Vice President Kashim Shettima joined global leaders at the 2025 World Economic Forum (WEF) in Davos, Switzerland, to champion the...
Read more
West African Nations Secure $25 Billion for Industrial Growth
Four West African countries—Nigeria, Ghana, Côte d’Ivoire, and Senegal—have attracted landmark investments totaling $25 billion to bolster their industrial capacities. ...
Read more