Nigeria’s External Reserves Cross $50 Billion as Naira Holds Steady Despite Slight Dip
Nigeria’s foreign exchange reserves recorded a significant increase in the first week of June, surpassing the $50 billion mark and ...
Tag: economy
Oil and Gas Investments Rise Sharply but Remain Insignificant in Nigeria’s Capital Inflows
Nigeria’s oil and gas industry recorded a remarkable increase in foreign capital inflows during the first quarter of 2026, but ...
Naira Gains Strength as Nigeria’s Forex Inflows Jump 31% to $3.7 Billion in May
Nigeria recorded a strong increase in foreign exchange inflows in May 2026, with total inflows rising by 31 percent to ...
Nigeria Promotes Investment Opportunities at London Stock Exchange as African Leaders Seek Global Capital
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, joined several African presidents and government officials at ...
Nigeria’s Investment Funds Hit N10 Trillion, But Inflation Raises Questions About Real Growth
Nigeria’s collective investment schemes (CIS) have recorded significant growth, with total assets under management (AUM) rising from N3.2 trillion to ...
Nigeria’s Business Lending Remains Low as Banks Prioritise Safer Investments – AfDB
The African Development Bank (AfDB) has raised concerns about the low level of lending by Nigerian banks to businesses, revealing that credit ...
Petrol Price Soars by Over 640% in Three Years as Nigerians Face Rising Cost of Living
Nigeria’s petrol price has witnessed a dramatic increase over the past three years, climbing from about N175 per litre in ...
Fuel Price Surge Pushes Up Business Costs as Nigeria’s Private Sector Records Strong Growth
Nigeria’s private sector recorded stronger growth in May 2026, but rising fuel prices continued to place pressure on businesses across ...
Nigeria’s Food Import Spending Falls to $2.34 Billion as Focus Shifts to Productive Sectors
Nigeria recorded a decline in food import spending in 2025, with the country’s food import bill dropping to $2.34 billion ...
Nigeria’s Food Import Spending Falls to $2.34bn in 2025 Despite Rising Demand for Foreign Exchange
Nigeria spent less on importing food in 2025, according to new figures released by the Central Bank of Nigeria (CBN), ...
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