Business
IMF Projects Nigeria’s Inflation to Average 37% in 2026
IMF forecasts Nigeria’s inflation to average 26.5% in 2025 following CPI rebasing, with renewed pressure expected in 2026 may spike to 37.0%.
23 April 2025
Business
Business
Foreign Investment in Nigeria Hits Two-Year High
Foreign investments in Nigeria surged 524% in January 2025, driven by CBN’s aggressive interest rate hikes. Portfolio inflows dominate, while FDI continues to decline.
22 April 2025
Business
Naira Holds Firm Against Euro Despite Global EUR/USD Surge
Despite the euro’s surge against the U.S. dollar in global markets, the Nigerian naira remained steady on the parallel market
21 April 2025
Business
Foreign Investors Raise Caution Over Oil Risks and Market Barriers
Foreign investors acknowledge Nigeria’s macroeconomic reforms but raise concerns about oil volatility, capital repatriation risks, and high market costs at CBN’s investment forum in New York.
19 April 2025
Business
First Holdco Plc Posts N781.88 Billion Pre-Tax Profit in 2024
First Holdco Plc reports N781.88 billion pre-tax profit for 2024, with 125% growth. Femi Otedola increases shareholding to 11.8%. Gross earnings hit N3.21 trillion.
18 April 2025
Business
EU Eyes Nigeria’s Solid Minerals Sector with $700 Billion Investment Potential
European Union has expressed interest in Nigeria’s $700 billion solid minerals sector, with a focus on lithium, cobalt, and copper to support green energy goals.
17 April 2025
Business
Nigeria Unveils Strategic Palm Oil Revival Plan Amid Rising Investments
Nigeria’s palm oil sector is set for a major revival with a new strategic plan targeting 1.5 million hectares, increased investments, and a roadmap to reduce the nation’s import dependence and create jobs.
16 April 2025
Business
Nigeria’s Inflation Rises Unexpectedly to 24.2% in March 2025
Nigeria’s annual inflation surged to 24.2% in March, up from 23.2%, driven by a weakening naira and falling oil prices amid global trade tensions.
15 April 2025
Business
FG Expands SAPZ Coverage with $1bn AfDB Loan
Federal government secures a $1bn AfDB loan to extend the Special Agro-Industrial Processing Zones (SAPZ) across more States
14 April 2025
Business
Nigeria Drops to 3rd in Africa’s 2025 Hotel Development Pipeline
Nigeria has fallen to third place in Africa’s 2025 hotel development pipeline, overtaken by Morocco, according to the W Hospitality Group.
12 April 2025
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