Nigeria Forex Inflows Hit Five-Month High
Total inflows into the Nigerian Foreign Exchange Market (NFEM) climbed to a five-month high of $4.36 billion in July, driven by stronger Central Bank of Nigeria (CBN) interventions and increased…
Nigeria’s Crude Oil Earnings Drop 14.4% in 2025
Nigeria crude oil exports declined sharply in 2025 as lower global oil prices reduced the Federal Government’s earnings despite continued demand from key international markets. The Central Bank of Nigeria…
Experts Urge CBN to Maintain Monetary Policy Stability
Economic experts have urged the Central Bank of Nigeria (CBN) to maintain monetary policy stability after headline inflation eased slightly to 15.91 per cent in June 2026. The latest figure…
Experts Say Lower Inflation Doesn’t Mean Lower Prices
Economic experts have advised Nigerians not to mistake the recent decline in the country’s headline inflation rate as proof that the prices of goods and services are falling. They explained…
Manufacturers Slash Prices as Unsold Goods Near ₦2 Trillion
Nigeria’s manufacturing sector is facing mounting pressure as companies increasingly sell goods below production cost to reduce nearly ₦2 trillion worth of unsold inventory. According to the Manufacturers Association of…
NGX Rally Continues as Investors Gain N961.75bn
Nigeria’s equities market maintained its strong performance on Thursday, extending its winning run to five straight trading sessions as increased demand for banking, telecommunications and consumer goods stocks boosted investors’…
ECOWAS Sees Nigeria Becoming Global Economic Giant
By Babatunji Wusu The Economic Community of West African States (ECOWAS) has predicted that the Nigerian economy could grow into one of the world’s most powerful economies within the next…
BUA Cement Approves N338bn Dividend Payout
By Babatunji Wusu Shareholders of BUA Cement have approved a final dividend of N10 per ordinary share for the 2025 financial year, resulting in a total payout of N338.64 billion…
CBN Keeps Interest Rate At 26.5 Percent
By Babatunji Wusu The CBN interest rate has remained unchanged at 26.5 per cent after the Monetary Policy Committee of the Central Bank of Nigeria concluded its 305th meeting in…
Presidency Explains Tinubu’s Stand on Fuel Subsidy
By Babatunji Wusu The Presidency has explained why President Bola Tinubu has refused to restore the fuel subsidy, stating that the previous system mainly benefited fraudulent individuals rather than ordinary…
