Business
IMF and World Bank Urge CBN to Sustain Inflation Control Efforts
The IMF and World Bank have emphasized the importance of the CBN efforts to control inflation as Nigeria’s inflation rose to 34.8%
27 January 2025
Business
Business
Nigeria’s GDP Resilient Amid Triple Shocks
Nigeria’s GDP grew by 3.46% in Q3 2024, led by services, finance, and telecommunications sectors.
27 January 2025
Business
NESG Outlines Economic Reforms to Boost Nigeria’s Growth in 2025
NESG projects Nigeria’s economy to grow by 5.5% in 2025 with sustained reforms. Key focus: curbing inflation, stabilizing FX rates
25 January 2025
Business
Nigeria’s Foreign Exchange Reserves Drop by $832.62 Million in Two Weeks
Nigeria’s foreign exchange reserves fell by $832.62 million between January 6 and January 21, 2025, highlighting growing macroeconomic challenges
24 January 2025
Business
CBN Urges Nigerian Businesses to Leverage Weak Naira
CBN calls on business-minded Nigerians to take advantage of the export potentials unlocked by the weakened naira.
23 January 2025
Business
Manufacturing, Telecoms, Mining Are Leading VAT Revenues For Nigeria – NBS
Nigeria’s VAT revenue rose by 14% in Q3 2024, reaching N1.8 trillion. Manufacturing, ICT, and mining sectors led the contributions
22 January 2025
Business
Taiwo Oyedele Critiques Donald Trump’s Plan for External Revenue Service
Taiwo Oyedele expresses concerns over US President Donald Trump’s plan for an External Revenue Service warns of possible global trade disruption.
21 January 2025
Business
Arik Air Shareholders Dispute AMCON ₦455 Billion Debt Claim
Arik Air shareholders refute AMCON’s ₦455 billion debt claims, accusing the agency of mismanagement and non-compliance with court orders
20 January 2025
Business
Nigeria’s Crude Oil Production Falls Slightly in December 2024
Nigeria’s daily crude oil production dropped to 1.48mbpd in December 2024, falling short of budget and OPEC targets.
18 January 2025
Business
AfDB and World Bank Set Conditions for $40 Billion Energy Fund for Africa
World Bank and AfDB lay out terms for African countries’ eligibility to access $40 billion for electricity development.
17 January 2025
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