Economy
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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Minister of State for Petroleum to Address Soaring Cooking Gas Prices Amid Federal Government’s LPG Distribution Initiative
The Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo, has vowed to tackle the escalating prices of Liquefied...
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NESG Highlights Market Access Challenges Facing Nigeria’s MSMEs Despite Significant GDP Contribution
The Nigerian Economic Summit Group (NESG) has raised concerns over the limited market access available to Nigeria’s Micro, Small, and...
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Nigeria’s Retained Revenue Dips by 0.6% in April Amid Lower FX Gains, Fiscal Deficit Slightly Widened
According to the Central Bank of Nigeria's (CBN) latest monthly economic report, the Federal Government of Nigeria (FGN) saw a...
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Manufacturers Call for Government Action to Alleviate Regulatory Burden and Infrastructure Gaps in Lagos
The Manufacturers Association of Nigeria (MAN) has raised alarm over the escalating regulatory pressures and infrastructural challenges that are stifling...
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Ajaokuta Steel Faces Grid Disconnection Over Escalating Debt Amid Calls for Government Bailout
The future of the Ajaokuta Steel Company Limited (ASCL), a once-promising industrial giant, hangs in the balance as the company...
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NAFDAC Strengthens Regulatory Framework to Boost Nigeria’s Non-Oil Exports Amid Rising Rejection Rates
In a bid to address the growing challenge of rejected Nigerian food exports, the National Agency for Food and Drug...
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CBN’s Strategic Policy Shifts Fuel Record-High Remittance Inflows, Boost Naira Liquidity
The Central Bank of Nigeria (CBN) has reported a significant 130% increase in remittance inflows, totaling $553 million in July...
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