Otedola backs FG, CBN reforms as First HoldCo investment tops ₦320bn
Femi Otedola, Chairman of FBN Holdings Plc (First HoldCo), has attributed his growing confidence in Nigeria’s financial sector and his…
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
Pound holds firm as US dollar slides for third straight day
The global exchange board showed mixed signals on Thursday, as major economies responded to ongoing macroeconomic pressures and interest rate…
Dangote urges govt to prioritise local investment for economic growth
Aliko Dangote, President of the Dangote Group, has called on both federal and state governments to prioritise homegrown investors as…
Petrol prices surge 76.73% year-on-year to N1,239.33 in April 2025 – NBS
The average retail price for Premium Motor Spirit (PMS), commonly referred to as petrol, climbed significantly to N1,239.33 per litre…
Naira shows strength amid global currency slips, Elumelu hails progress
The naira recorded modest gains against major global currencies on Tuesday, May 21, 2025, signaling continued efforts by the Nigerian…
Why CBN retains monetary policy rate at 27.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has once again retained the Monetary Policy Rate (MPR) at 27.50 per cent.
Tijani: Nigeria’s digital economy nets $191m in Q1, $2bn fibre rollout set for Q4
The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has said the digital economy witnessed growth under the administration…
Nigerian banks are stable- CBN
By Alade Adisa The Central Bank of Nigeria (CBN) on Monday night dispelled rumours that there is instability in the…
Naira holds steady as dollar trades at ₦1,610.97 – May 20, 2025
Nigeria’s naira remained stable against major foreign currencies on Tuesday, holding ground in a volatile global market marked by inflation…
China to establish electric vehicle factories in Nigeria
The Chinese government has announced plans to establish electric vehicle (EV) factories in Nigeria as part of a broader strategy…