Category: Economy

AfDB to commit $650m annually to accelerate Nigeria’s economic growth

The African Development Bank Group has unveiled a bold five-year Country Strategy Paper for Nigeria,...

W’Bank commits to supporting Nigeria’s human capital development goals

The World Bank has pledged to deepen its partnership with Nigeria to boost the country’s...

Naira struggles in FX market despite CBN’s interventions

The mixed performance of the naira in the foreign exchange market reflects the ongoing challenges...

Nigeria’s exchange rate falls to N1,600/$1 amid Trump’s tariffs

The naira fell to N1,600 per dollar at the close of trading on April 4,...

Nigeria’s public debt rises to N144.67 in December 2024

Nigeria’s public debt surged by 48.58%, reaching N144.67 trillion ($94.23 billion) as of December 31,...

FX Inflow surges to $27.81bn in Q4 2024 – CBN 

The Nigerian economy experienced an increase in foreign exchange inflows in the fourth quarter of...

FG raises N1.94tn through bond investors

The Federal Government borrowed a total of N1.94tn from bond investors in Q1 2025, according...

World Bank flags Nigeria’s weak statistical system

The World Bank has raised concerns about Nigeria’s weak statistical capacity, noting that the country...

Money supply drops to ₦110.3tn in February 

Money supply dropped to ₦110.3 trillion in February, marking a three-month low. This decrease followed...

Cardoso confirms positive steps in FX market stabilization

Governor Olayemi Cardoso of the Central Bank of Nigeria has expressed optimism about the progress...

Rewane warns of deeper structural issues amid Nigeria’s rising inflation

The Managing Director of Financial Derivatives Company, Bismarck Rewane, has expressed concerns over Nigeria’s rising...

Naira falls to ₦1,590 in black market amid dollar shortage

The Nigerian naira fell to ₦1,590 per US dollar in the parallel market on Friday,...

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