Nigeria’s Excess Crude Account Rises to $535,823, Says Accountant-General
The Accountant-General of the Federation, Shamsedeen Ogunjimi, has disclosed that Nigeria’s Excess Crude Account (ECA) stood at $535,823.39 as of ...
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Tag: #NigeriaEconomy
NEC Endorses 2026–2030 Renewed Hope Plan to Drive $1 Trillion Economy Target
The National Economic Council (NEC) has endorsed the framework for the five-year Renewed Hope Development Plan (2026–2030), designed to consolidate ...
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Shettima, Edun, Cardoso Advocate Risk Management Culture for Nigeria’s Economic Resilience
Vice President Kashim Shettima, Minister of Finance Wale Edun, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso, and President of ...
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Tinubu Approves Six-Month Ban on Raw Shea Nut Export to Boost Local Industry
President Bola Ahmed Tinubu has approved a six-month temporary ban on the export of raw shea nuts in a move ...
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Private Sector Credit Rises to ₦76.14tn in June 2025, Says CBN
Credit to the private sector in Nigeria increased by 4.02 per cent year-on-year to ₦76.14 trillion in June 2025, up ...
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NESG: Nigeria’s Manufacturing Sector Contribution to GDP Drops to 3%
The contribution of Nigeria’s manufacturing sector to the economy has fallen sharply to three per cent, down from 7.7 per ...
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FAAC Reports N1.49 Trillion Arrears Inflow into Federation Account in H1 2025
Nigeria’s Federation Account recorded a significant inflow of ₦1.49 trillion in the first half of 2025 from arrears reconciled and ...
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CBN: Nigeria’s Foreign Reserves Hit $41 Billion, Highest in 44 Months
Nigeria’s foreign exchange reserves surged to $41 billion on August 19, 2025, their highest level in 44 months, according to ...
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UK Investors Dominate Nigeria’s Capital Inflows in Q1 2025 with $3.68bn
United Kingdom-based investors supplied the majority of Nigeria’s foreign capital in the first quarter of 2025, contributing $3.68 billion—over 65% ...
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NESG Flags Infrastructure Deficits as Major Barrier to Nigeria’s Economic Growth
The Nigerian Economic Summit Group (NESG) has warned that the country’s persistent infrastructure deficits are a significant obstacle to economic ...
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