Business
CBN Reports Naira Appreciation, Rising Reserves Amid Ongoing Forex Reforms
Nigeria recorded a slight but notable improvement in its foreign exchange market on Tuesday as the Naira appreciated for the first time in weeks at the official window. The...
Business
Naira Depreciates Despite Growth in Nigeria’s External Reserves
The Naira weakened again against the United States dollar on Friday, ending the week on a downward trend despite the steady rise in Nigeria’s...
Business
Nigeria Secures $50bn Deal for Africa’s Second-Largest Refinery in Ondo
Nigeria has taken a major step toward strengthening its position in Africa’s oil and gas industry, as an international energy consortium has secured a...
News
Tinubu Administration Has Ended Economic Volatility — VP Shettima
Nigeria’s Vice President, Senator Kashim Shettima, on Tuesday declared open the Digital Nigeria International Conference and Exhibition 2025 in Abuja, reaffirming the federal government’s...
Business
Naira Depreciates Across Markets Despite Growth in Nigeria’s Foreign Reserves
The naira began the new week on a weak note, falling against the United States dollar at both the official and parallel (black) markets...
Business
World Bank Set to Approve Nigeria’s $1bn Loan Request for Jobs, Investment Drive
The World Bank has announced that it will consider Nigeria’s request for a new $1 billion loan aimed at boosting economic growth, job creation,...
Business
N7bn Per Annual: South-West Tops Nigeria’s Mining Revenues
The Federal Government says Nigeria earned more than ₦30bn from licence fees, royalties and approvals in the solid minerals sector between January and September...
Business
Naira Strengthens for Third Day as Reserves Hit $43.1bn
The Naira continued its upward trend against the United States dollar on Wednesday, marking the third consecutive day of appreciation at the official foreign...
Business
Tinubu Seeks $2.35bn Loan, $500m Sukuk to Fund 2025 Budget
President Bola Ahmed Tinubu has formally asked the House of Representatives to approve a fresh external borrowing of $2.347 billion and the issuance of...
News
Borrowing Not a Weakness – FIRS Boss Defends Govt Loans
The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has said borrowing by the Nigerian government should not be viewed as a...
Business
Nigeria’s Economy Grows by 4.23% in Q2 2025 — NBS
Nigeria’s economy recorded a significant boost in the second quarter of 2025, with the Gross Domestic Product (GDP) growing by 4.23% year-on-year, according to...