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Nigeria Economy

Sowore Demands Probe Into Dadiyata’s 2019 Abduction, Faults El-Rufai Over Silence

KEY POINTS Sowore demands an immediate police probe into officers allegedly linked to Dadiyata’s...

Tinubu to Visit Kebbi for Project Launches, Cultural Festival Appearance

KEY POINTS Tinubu will visit Kebbi for a one-day official trip to inaugurate projects...

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.

IMF Urges Nigeria to End Electricity Subsidies

The IMF warns Nigeria against unsustainable fuel and electricity subsidies, highlighting the need for fiscal discipline to tackle the nation's economic challenges.

Latest articles

Sowore Demands Probe Into Dadiyata’s 2019 Abduction, Faults El-Rufai Over Silence

KEY POINTS Sowore demands an immediate police probe into officers allegedly linked to Dadiyata’s...

Tinubu to Visit Kebbi for Project Launches, Cultural Festival Appearance

KEY POINTS Tinubu will visit Kebbi for a one-day official trip to inaugurate projects...

Adeyanju Rejects El-Rufai Arrest Plot Claim

Deji Adeyanju dismisses El-Rufai arrest claim, saying airport incident was exaggerated and calling for lawful investigation instead of political drama.

ADC, Atiku Clash Over INEC’s 2027 Election Date

ADC backs INEC 2027 election date of February 20, while Atiku urges reconsideration, citing Ramadan and participation concerns.