FG, states, LGs share N1.681tn FAAC allocation for April
The Federal Government, FG, 36 states, and 774 local government councils have shared a total of N1.681 trillion as revenue…
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
Naira strengthens slightly as CBN introduces sustainable policies
Lagos, May 16, 2025 — The Nigerian naira continued to display resilience in the foreign exchange market today, maintaining its…
Bagudu: Economic reforms fuel growth, restore investor confidence
The Minister of Budget and Economic Planning, Abubakar Bagudu, has said Nigeria’s economy is on a recovery path, bolstered by…
Nigeria’s economy expands despite inflation, says World Bank
Nigeria’s economy grew by 4.6% in the last quarter of 2024, showing signs of strong recovery. The World Bank’s Lead…
Naira weakens against dollar, pound, euro – May 14, 2025
Naira, slips further as Nigerian currency loses ground against dollar, pound, and euro. At the close of trading on Tuesday,…
Shettima woos IsDB to invest in Nigeria
Vice President Kashim Shettima has urged investors, particularly the Islamic Development Bank (IsDB), to channel investments into Nigeria. He made…
Edun backs private sector as World Bank projects 3.6% growth
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reaffirmed the federal government’s commitment to private-sector-led growth.…
Naira gains 0.56% against dollar, strengthens further against British pound
The Nigerian naira appreciated by 0.56% against the U.S. dollar today, strengthening to ₦1601.45/$1 from ₦1610.49/$1 recorded on May 12,…
Alake: Nigeria earns N7bn from mining licences in Q1 2025
The Minister of Solid Minerals Development, Dele Alake, has revealed that the country’s mining sector recorded impressive growth in the…
Naira dips marginally amid persistent forex market volatility
LAGOS, Nigeria — May 12, 2025 — The naira depreciated slightly against the world’s major currencies (U.S. dollar, British pound,…