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Economy
334 posts
Nigeria Foreign Reserves Hit 17-Year High, Surpassing CBN Yearly Goal
Nigeria's foreign reserves reached a 17-year high of $52.5 billion, exceeding the Central Bank of Nigeria's annual goal due to bolstered investor confidence and successful policy reforms.
CBN hosts stakeholder fair in Gombe to boost financial access and economic development
The Central Bank of Nigeria held a stakeholder fair in Gombe to promote financial inclusion and discuss how digital payment systems can stimulate economic growth.
PETROAN Clarifies Causes Behind Lower Petrol Prices in Nigeria
PETROAN President Billy Gillis-Harry explains that declining landing costs are driving the recent fuel price cuts at Nigerian filling stations, ensuring competition while maintaining business viability.
Crude oil markets dip following optimism regarding Strait of Hormuz access
Oil prices hit a three-week low after US officials signaled potential progress in negotiations with Iran to reopen the vital Strait of Hormuz to shipping traffic.
World Bank: AI offers rapid growth potential for developing nations
A new World Bank report outlines how developing nations can leverage AI to bypass traditional development timelines, provided they secure the necessary infrastructure and institutional support.
Financial Expert Claims Current Administration Borrows Primarily to Service Existing Debt
Financial analyst Kalu Aja asserts that the Tinubu administration is acquiring new debt to service existing liabilities, highlighting a sharp contrast to historical infrastructure-focused borrowing.
Experts split on impact of Tinubu’s economic policies
Economists offer mixed reviews on President Tinubu’s reforms, contrasting government claims of macroeconomic growth with opposition concerns over rising living costs and poor implementation.
Delta State Launches $100 Million Fund to Boost Industrial Investment
Delta State has introduced a $100 million risk-mitigation fund to attract private investment, earning praise from Dr. Ngozi Okonjo-Iweala and Vice President Kashim Shettima, who envision the state as a future national economic powerhouse.
National Economic Council authorizes $4.5bn refinancing for Project Gazelle
The National Economic Council approved a $4.5 billion refinancing plan for Project Gazelle, while in Lagos, new fire and waste management equipment was deployed at the Trade Fair Complex.
Soludo Urges Anambra and Delta to Partner as Economic Twin Engines
Governor Chukwuma Soludo calls for strategic economic synergy between Delta and Anambra states while urging a shift toward local manufacturing and concrete business partnerships at investment summits.