Category: Economy

Shettima presides over NEC meeting in Abuja

Vice President Kashim Shettima on Thursday presided over a meeting of the National Economic Council...

Govs target $100bn GDP from creative sector by 2030

The Nigeria Governors’ Forum has pledged to support the Federal Government’s initiative aimed at enhancing...

States oppose Electricity Act amendment over subsidy reintroduction concerns

The Forum of Commissioners of Power and Energy in Nigeria has expressed strong concerns over...

Formal savings surge in Nigeria, other developing countries – W’Bank

The World Bank’s Global Findex 2025 report has revealed a record increase in formal savings...

CBN schedules 300th MPC meeting for May 19-20

The Central Bank of Nigeria has announced that the 300th meeting of its Monetary Policy...

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...