Economy
Nigeria and UK Seal N589bn Partnership Agreements to Strengthen Governance, Climate Change, and Economic Growth
The Federal Government of Nigeria has signed eight partnership agreements with the United Kingdom, valued at approximately N589 billion (£272.6...
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Nigeria’s Crude Oil Production Rises to 1.352mbpd in August, OPEC Report Shows
Nigeria’s crude oil production increased marginally from 1.307 million barrels per day (mbpd) in July to 1.352mbpd in August 2024,...
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Nigeria’s First-Quarter Revenue for 2024 Surges to N9.1 Trillion Without Tax Hikes
Nigeria has achieved a significant fiscal milestone, with its first-quarter revenue for 2024 reaching N9.1 trillion—more than double the amount...
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Federal Government Proposes Zero-Duty Levy on Food Imports to Curb Inflation
In a decisive move to tackle escalating food prices and provide immediate relief from inflation, the Federal Government of Nigeria...
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Strong recovery and resilience drive economic stability, Minister Wale Edun reports at the 17th Annual
Nigeria's debut foreign-currency domestic bond has been hailed as a resounding success, recording a subscription of $900 million—significantly surpassing the...
Read moreStanbic IBTC PMI Report: Stagnation in Nigerian Private Sector as Business Activity Flatlines in August
Business activities in Nigeria's private sector remained broadly stagnant in August, as reflected in the latest Stanbic IBTC Bank Purchasing...
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LCCI Lauds Nigeria’s Q2 2024 GDP Growth, Calls for Sustained Reforms Across Key Sectors
The Lagos Chamber of Commerce and Industry (LCCI) has commended Nigeria's impressive economic performance in the second quarter of 2024,...
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Nigerian Households Maintain Cautious Optimism for Economic Recovery Despite Rising Loan Interest Rates
Nigerian households are cautiously optimistic about the country's economic prospects over the next three to six months, even as concerns...
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Nigeria’s FX Reserves Decline for Fourth Week, Naira Depreciates Amid Limited Forex Supply
Nigeria’s foreign exchange (FX) reserves experienced a decline for the fourth consecutive week, as the gross reserves level fell by...
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Credit to Private Sector in Nigeria Surges by 33.7% in July Amid CBN’s Policy Enforcement and Currency Depreciation
Credit to the Private Sector (CPS) in Nigeria surged by an impressive 33.7% year-on-year to NGN75.48 trillion in July 2024,...
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