Browsing Tag
Economy
524 posts
Bank bad loan ratios exceed CBN threshold following end of pandemic relief
Non-performing loans in Nigeria's banking sector surged to 9.94 percent in Q1 2026 after the Central Bank of Nigeria ended COVID-19 era regulatory relief measures.
Nigerian Naira Exchange Update for August 5, 2026
The Nigerian naira holds steady at ₦1,362.55 in the official market while maintaining a price of ₦1,415 in the parallel market this August 5, 2026.
CBN Reports Official and Parallel Market FX Gap Shrinks Below 2 Percent
The Central Bank of Nigeria reports that the margin between official and unofficial exchange rates has dropped to under 2 percent following ongoing financial reforms.
Donald Duke Criticizes Lagos-Calabar Highway Project as Unaffordable for Nigeria
Donald Duke claims the Lagos-Calabar Coastal Highway is financially unfeasible and argues that government funds should prioritize urgent needs like electricity, healthcare, and education.
Wednesday Morning Briefing: Ten Key Headlines from Nigerian Newspapers
A summary of top Nigerian news stories, including a salary hike for the armed forces, a resolved doctors' strike, and various reports on security and political developments.
UK Slashes Development Aid to Nigeria by Over 50 Percent
The UK is cutting aid to Nigeria by more than 50 percent as part of a global shift where Western nations prioritize defense and domestic spending over traditional foreign grants.
Choosing Character Over Power: An Octogenarian’s Reflection on Nigeria’s Industrial Legacy
Celebrating his 80th birthday, industrial veteran Victor Eburajolo reflects on a career defined by integrity, his warnings against economic mismanagement, and his hopes for a new generation to reform Nigeria's leadership and industrial future.
UK newspaper round-up: War profits and climate shifts
A summary of major stories from UK newspapers, covering political debates over prisoner releases, economic updates, and environmental news.
Nigeria Records 17-Year Peak in Foreign Reserves at $52.5 Billion
Nigeria's foreign reserves have climbed to $52.5 billion, a 17-year high, driven by successful economic reforms and increased investor confidence, according to the Central Bank of Nigeria.
Nigeria courts Saudi investment, highlights readiness for commercial and tourism collaborations
Minister Mohammed Idris and NiDCOM head Abike Dabiri-Erewa are pushing for increased Saudi investment and diaspora participation to strengthen Nigeria's economic and tourism sectors.