Economy CBN intervenes to stabilize FX market as crude oil prices tumble April 7, 2025 Damilola Global crude oil prices have taken a significant hit, sliding by over 12% to around $65.50 per barrel, in the wake of sweeping new trade tariffs imposed by U.S. President…
Economy Nigeria News CBN denies fake circular introducing N5,000, N10,000 notes April 4, 2025 Oluwatosin Ologun The Central Bank of Nigeria (CBN) has categorically disowned a circular claiming it has introduced two new denominations—N5,000 and N10,000 notes—set for circulation on May 1. The apex bank described…
Economy Nigeria receives $1.08bn W’Bank loan for education, economy, others April 3, 2025 Alade Adisa Nigeria has received a loan totalling $1.08 billion from the World Bank to support education, nutrition, and economic resilience in Nigeria. The financial institution stated on its website on Wednesday…
Economy Sahel junta bloc slaps 0.5% import duty on ECOWAS nations March 31, 2025 Alade Adisa *Sahel alliance imposes 0.5% import duty on ECOWAS goods *This marks the end of free trade across West Africa and highlights a growing rift between Sahel states and influential democracies…
Economy Trump’s economic plans fail to revive IPOs March 31, 2025 Alade Adisa The Initial public offering (IPO) market was expected to see a resurgence during Donald Trump’s second term, fuelled by his promises of deregulation and tax cuts, which were anticipated to…
Economy Why FCT was removed from TSA – Tinubu March 30, 2025 Alade Adisa President Bola Tinubu has explained why his administration removed the Federal Capital Territory (FCT) from the Treasury Single Account (TSA). The president, who spoke in Abuja while receiving FCT residents…
Economy Sanwo-Olu applauds Alaro City for $1bn investment, economic impact March 30, 2025 Friday Omosola Lagos State Governor, Babajide Sanwo-Olu, has commended Alaro City, a transformative urban development in West Africa, for injecting over $1 billion into Lagos’ economy and accelerating industrialization. During a recent…
Economy Nigeria’s money supply drops to N110.32 trillion in February 2025 March 27, 2025 New Daily Prime Nigeria’s money supply (M3) declined for the first time in 2025, dropping from N110.94 trillion in January to N110.32 trillion in February 2025. The figure represents a 0.56 per cent…
Economy Kwara govt removes insurance bond cap to boost local economy March 22, 2025 Friday Omosola The Kwara State Government has reaffirmed its commitment to strengthening state-owned businesses as part of its broader plan to achieve a self-sufficient economy. Speaking during a working visit to HHL…
Economy Bet on Nigerian recovery draws investors seeking to dodge trade wars March 20, 2025 New Daily Prime Africa’s most populous country among former crisis-hit economies attracting foreign inflows Foreign investors have flocked to Nigeria’s markets in recent months, as the threat of a US trade war with…
