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Economy
334 posts
Nigeria Foreign Exchange Reserves Reach $52 Billion, CBN Governor Reports
Central Bank Governor Yemi Cardoso announced that Nigeria's foreign exchange reserves have hit $52.52 billion, even as the MPC keeps interest rates at 26.5 percent.
Presidency: Electricity Sector Overhaul Rebuilding Investor Trust
Nigeria's Presidency states that ongoing power sector reforms, including the Series II bond issuance, are turning historical liabilities into bankable assets to attract private investment.
US Prepares Fresh Tariffs as Trump’s Global Levy Nears Expiration
The Trump administration is set to introduce new tariffs on 60 trading partners over forced labor concerns as an existing 10-percent global levy reaches its expiration date.
NNPCL Raises Petrol Pump Price by N115
The NNPCL has hiked petrol prices by N115 per litre in Abuja, marking the second increase by marketers in less than a week.
The Economic Role of Football in Empowering Nigerian Youth
Football acts as a critical driver for Nigeria's youth economy, providing diverse employment opportunities in logistics, media, and digital services while creating structured paths for professional development.
Federal Government Settles N330 Billion Debt to Power Producers and Launches N729 Billion Bond
The Nigerian government has paid N333 billion to eight power generation firms and introduced a N729 billion bond to resolve industry debts and boost investment.
Central Bank of Nigeria keeps interest rate at 26.50 percent
For the second straight meeting, the Central Bank of Nigeria has held the Monetary Policy Rate at 26.50 percent to help stabilize the economy and manage inflation.
A Year of Economic Progress: How President Tinubu’s Tax Reforms Are Shaping Nigeria
One year after President Tinubu signed major tax reforms into law, Nigeria is seeing record-breaking revenue growth and a reduced reliance on volatile oil income.
UK June borrowing figures show slight improvement
Government borrowing for June landed at £16bn, a figure slightly better than forecasted as Prime Minister Andy Burnham begins his term.
Nigerian Government Rejects Allegations of Excessive Borrowing
Finance Minister Taiwo Oyedele clarifies that the reported N80tn debt surge under President Tinubu's administration is largely attributed to accounting adjustments and currency depreciation rather than new loans.