Nigeria’s Private Sector Credit Soars 30% YoY to N75.85tn in September 2024
Nigeria’s private sector credit experienced impressive growth in the first nine months of 2024, reaching N75.85 trillion in September. This...
CBN Warns Against Fake Claims of Uncredited Foreign Currency Transfers
The Central Bank of Nigeria (CBN) has issued a strong warning against the increasing number of fraudulent claims made by...
Nigeria’s Macroeconomic Environment Now Investor-Friendly, Says Finance Minister Wale Edun
The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has declared that Nigeria's macroeconomic environment is now...
FG Plans Massive Borrowing and Debt Servicing Allocation in 2025-2027 Fiscal Strategy
The Federal Government of Nigeria has unveiled its 2025-2027 Medium-Term Expenditure Framework and Fiscal Strategy Paper, outlining a substantial shift...
AEDC CEO Explains Power Distribution Challenges, Cites Debt and Non-Payment Culture as Key Factors
The Acting Managing Director/CEO of the Abuja Electricity Distribution Company (AEDC), Chijioke Okuwuokenye, has explained that the challenges of debt...
FMDQ’s Pioneer CEO to Retire after 11 Exemplary Years
Following over eleven (11) years of exceptional achievements and outstanding strides, the pioneer Chief Executive Officer (“CEO”) of FMDQ Group...
Nigeria’s Public Debt Soars by 10% as Naira Weakens, Pushing Nigeria’s Total Debt to Over N134 Trillion
Nigeria’s public debt stock has surged by 10% in the second quarter of 2024, reaching a total of N134.3 trillion...
Tanzania Reinforces Trade Ties with Nigeria at Lagos Trade Fair, Focuses on Intra-African Economic Collaboration
The Tanzania High Commission in Nigeria has reiterated its dedication to strengthening trade and diplomatic ties with Nigeria and other...
Japan Pledges Stronger Trade Ties with Nigeria Amid Economic Challenges, Highlights Productive Outcomes at Lagos Trade Fair
Japan has reaffirmed its commitment to strengthening trade relations with Nigeria following its participation in the recent Lagos International Trade...
NNPC Halts Fuel Imports, Shifts to Local Refineries Amid Government’s Push for Energy Security
In a significant shift for Nigeria’s petroleum industry, the Nigerian National Petroleum Company Limited (NNPC) has officially ceased the importation...
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