Naira falls against major currencies – July 2, 2025 exchange rate update
The Nigerian naira continued its decline against major global currencies today, Wednesday July 2, 2025, reflecting growing pressure on the…
Category: Economy
Latest Nigeria economy news and analysis on inflation, naira exchange rate, fuel prices, business trends, and government policies. Follow real-time updates on Nigeria’s economic growth, cost of living, trade, and financial markets
Court denies bail to CBEX operators in alleged $1bn fraud case
The Federal High Court in Abuja has refused the bail applications of three promoters of Crypto Bridge Exchange (CBEX) over…
Nigeria’s debt nears N150trn in Q1 2025
Nigeria’s total public debt surged to N149.39 trillion by the end of March 2025, according to the latest figures released…
Pension funds yet to optimise potential – PenCom boss
The Director-General of the National Pension Commission (PenCom), Ms Omolara Oloworaran, has said.
NGX group, stakeholders back Dangote fertiliser listing
The Nigerian Exchange Group (NGX Group) and key capital market stakeholders have expressed strong support for the planned listing of…
Otedola applauds Tinubu for signing tax reform bills, says move will boost investor confidence
Nigerian business mogul Femi Otedola has commended President Bola Tinubu for signing the tax reform bills into law. In a…
NNPC alleges sabotage plot by internal, external actors
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has raised the alarm over what it described as a calculated sabotage…
FG revenue hits ₦6.9trn in four months -Edun
Nigeria’s Federal Government recorded a revenue of ₦6.9 trillion between January and April 2025, marking a significant 40% increase from…
Shettima urges integration of informal economy into Africa’s trade framework
Vice President Kashim Shettima has called for the integration of Africa’s vast informal economy into the formal intra-African trade structure,…
Why NNPC retail stations hike petrol prices to ₦945 in Abuja, ₦915 in Lagos
Retail stations operated by the Nigerian National Petroleum Company Limited (NNPCL) on Monday adjusted pump prices of Premium Motor Spirit…