Browsing Tag
Economy
524 posts
Top Ten Headlines from Nigerian Newspapers for Thursday
Key updates include the Dangote Refinery resuming naira sales, a parliamentary probe into a presidential council, and political shifts in Rivers and Nasarawa states.
Private sector lending reaches N83 trillion amid rising money supply
Central Bank of Nigeria data indicates private sector credit grew to N83.3 trillion in June 2026, while broad money supply increased to N133.2 trillion amid a decline in cash held outside the banking system.
The Economic Ripple Effects of President Tinubu’s Health Sector Overhaul
Beyond improving medical care, President Tinubu's health sector reforms are building a productive economy through increased manufacturing, skilled job creation, and substantial long-term investment.
Why Lagos Corporate Leaders Favor Kadri Obafemi Hamzat for the 2027 Gubernatorial Race
As the 2027 Lagos gubernatorial election approaches, Nigeria's private sector is aligning with Deputy Governor Dr. Kadri Obafemi Hamzat, citing his blend of technocratic expertise, commitment to infrastructure, and history of fostering public-private partnerships.
Prime Minister Burnham Halts Early Prison Releases Amid Public Outcry
Prime Minister Andy Burnham has suspended an early prisoner release plan after the widow of the late PC Andrew Harper publicly denounced the potential freedom of her husband's killers.
Nigeria Foreign Exchange Reserves Reach $52.73 Billion, Says CBN Governor
Central Bank Governor Olayemi Cardoso announced that Nigeria's external reserves have grown to $52.73 billion, while also reporting success in the recent banking recapitalization exercise.
Nigerian Naira Hits Weekly High Against US Dollar on July 22, 2026
The Nigerian naira strengthened significantly in both official and parallel markets on July 22, 2026, reaching its highest weekly gains as external reserves climbed to $52.03 billion.
CBN Governor Olayemi Cardoso Affirms Economic Stability Amid Global Headwinds
CBN Governor Olayemi Cardoso defends Nigeria's economic resilience during a Senate hearing, while Finance Minister Taiwo Oyedele addresses controversy surrounding national debt figures.
Nigeria Sets Regulatory Benchmark as Africa Battles $17.8 Billion Illegal Gambling Market
A report by Gaming Compliance International reveals Nigeria leads Africa in gambling regulation, despite a massive $17.8 billion illegal betting market.
NNPCL Raises Petrol Costs Again Within 48 Hours
The NNPCL has hiked its petrol prices for the second time in two days, moving the rate to N1,335 per litre amid ongoing volatility in the oil market.