Economy
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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FGN Launches $500 Million Domestic US Dollar Bond with 9.75% Interest Rate
The Federal Government of Nigeria (FGN) has introduced its first-ever $500 million Domestic US Dollar Bond, offering investors an attractive...
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Nigeria’s FX Reserves Decline Amid CBN Interventions, Naira Faces Continued Pressure
Nigeria's foreign exchange (FX) reserves decreased by USD301.32 million week-on-week to USD36.53 billion as of August 15, 2024. This decline...
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Nigeria’s Inflation Rate Eases for the First Time in 19 Months, Driven by Lower Food Prices
For the first time in 19 months, Nigeria's inflation rate eased, reflecting the impact of a high statistical base from...
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LCCI Urges Sustained Policy Interventions as Inflation Eases to 33.40% in July
The Nigerian business community has received a welcome development as the National Bureau of Statistics (NBS) reported a slight moderation...
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Nigeria Partners with World Bank to Boost Land Formalization and Unlock $300 Billion in Dead Capital
The Federal Government of Nigeria has announced a strategic partnership with the World Bank Group to significantly increase land formalisation...
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M.A.N Raises Concerns Over Comments Capable of Stifling and Demarketing Local Investments in Nigeria
Press Release: The Manufacturers Association of Nigeria has expressed grave concern and called for caution from major actors, government agencies...
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Nigeria’s Inflation Surges to 34.19% in June as Government Revenue Sees Significant Boost
Nigeria faced a sharp rise in inflation for June, with the headline Consumer Price Index (CPI) climbing to 34.19% year-on-year,...
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