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Nigeria Economy

Herdsmen Occupy 44 Farm Settlements in Enugu’s Eha-Amufu

KEY POINTS Armed herdsmen now control 44 farming settlements across five autonomous communities in...

President Tinubu Extends Immigration CG Kemi Nandap’s Tenure Till 2026

KEY POINTS President Tinubu extends Kemi Nandap’s tenure as NIS Comptroller-General to December 2026,...

Nigeria Unveils Plan to Tackle Inflation, Boost Jobs

Nigeria’s finance minister introduces economic reforms focused on reducing inflation, creating jobs, and fostering growth in agriculture, housing, and oil sectors.

Leaders Urge Tinubu to Ease Burden of Fuel Price Hike on Citizens

Nigerian leaders, including Senator Shehu Sani, call on President Tinubu to ease the impact of rising fuel prices on the poor and ensure shared sacrifices.

Why Cement Prices Are Skyrocketing in Nigeria

BUA Cement's AbdulSamad Rabiu explains the rise in cement prices in Nigeria, citing dealer practices and economic challenges as key factors.

Nigeria’s Rusty FX Market Struggles to Rebound

Nigeria’s FX market faces ongoing challenges, with liquidity shortages and volatility threatening economic recovery despite government interventions.

Nigeria to Issue $500M Bond as Capital Importation Data Awaits Release

Nigeria will auction its first $500 million domestic dollar bond as the NBS prepares its Q2 2024 capital importation report.

Nigeria’s Inflation Slows for the First Time in 19 Months

Nigeria’s inflation rate slows after 19 months of increase, offering brief relief but ongoing economic challenges remain.

Nigeria’s Economic Activity Drops for 13th Straight Month in July

Nigeria's economic activity contracts for the 13th month, as rising costs and declining employment continue to hinder growth.

CBN Sells $876M at N1,495 in Retail Forex Auction Amid Naira Volatility

The Central Bank of Nigeria has sold $876.26 million at N1,495 per dollar in its latest retail forex auction to stabilize the naira amidst economic pressures.

Nigeria’s Economic Woes: Poor Diversification, Excess Liquidity Cited by CBN

CBN Governor Yemi Cardoso attributes Nigeria's economic woes to poor diversification and excess liquidity, raising interest rates to combat inflation.

NNPC Holds 7.2% Stake in Dangote Refinery, Not 20%: Dangote

Aliko Dangote reveals that NNPC holds a 7.2% stake in the Dangote Refinery, correcting earlier reports of a 20% stake and highlighting the project's significance.

Dangote Refinery Set to Resolve Nigeria’s Forex’s Crisis – S&P Global

S&P Global reports Dangote Refinery could significantly stabilize Nigeria's forex issues and spur economic growth.

CBN Reforms Boost Investment to Four-Year High

CBN reforms have driven investment inflows to a four-year high in Nigeria, signaling positive economic growth and enhanced investor confidence.

Latest articles

Herdsmen Occupy 44 Farm Settlements in Enugu’s Eha-Amufu

KEY POINTS Armed herdsmen now control 44 farming settlements across five autonomous communities in...

President Tinubu Extends Immigration CG Kemi Nandap’s Tenure Till 2026

KEY POINTS President Tinubu extends Kemi Nandap’s tenure as NIS Comptroller-General to December 2026,...

Project Diversion: Amosun Accuses Ogun Senator Adeola

Amosun accuses Ogun Senator Adeola of misrepresenting project funding for the Ake Pavilion, with Adeola’s camp explaining the budgetary context and denying any diversion.

Okpebholo Visits Kano Families of Victims Killed in Edo Attack

Governor Okpebholo visits Kano victims' families, assures justice after the Uromi killings