AfDB, Nigeria launch workshop to boost trade with Benin, Cameroon
The African Development Bank, in collaboration with Nigeria’s Federal Ministry of Industry, Trade, and Investment, has launched a technical workshop to strengthen…
Economy
Shettima presides over NEC meeting in Abuja
Vice President Kashim Shettima on Thursday presided over a meeting of the National Economic Council at the Presidential Villa, Abuja. The meeting…
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 the growth and development of Nigeria’s creative…
States oppose Electricity Act amendment over subsidy reintroduction concerns
The Forum of Commissioners of Power and Energy in Nigeria has expressed strong concerns over the proposed Electricity Act (Amendment) Bill, 2025,…
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 among adults in developing economies, driven largely…
CBN schedules 300th MPC meeting for May 19-20
The Central Bank of Nigeria has announced that the 300th meeting of its Monetary Policy Committee will be held on Monday, May…
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, pledging approximately $650 million annually from 2025…
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 Human Capital Index. This commitment was made…
Naira struggles in FX market despite CBN’s interventions
The mixed performance of the naira in the foreign exchange market reflects the ongoing challenges in stabilizing the currency despite the Central…
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, 2025, marking a 1.9% decline from N1,569/$1…
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, 2024, up from N97.34 trillion ($108.23 billion)…
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 2024, as stated in the latest Economic…