Economy

Economy

Reforms key to unlocking market research industry potential - Experts

Ngozi Ekugo Jun 23, 2025

Adeyinka Aderoju, marketing research expert and consultant, Adeyinka Aderoju, has called for urgent reforms in Nigeria’s market research industry to...

Economy

WAES: Single visa, unified digital identity seen boosting regional trade, integration

BusinessDay Jun 21, 2025

Stakeholders on Friday in Abuja made strong recommendations for the adoption of single visa and unified identify systems to boost...

Economy

Naira ends week with gains despite slowing FX reserves

Wasiu Alli Jun 21, 2025

The Nigerian Naira has shown some recovery, ending the week on a positive note even though gross reserves declined for...

Economy

Why Ghana Cedi is Africa’s best performing currency in 2025

David Olujinmi Jun 20, 2025

In 2025, Ghana Cedis has appreciated by about 43 percent against the US Dollar to rank as the best-performing currency...

Economy

Sovereign Green Bond offer closes with N91.42bn subscriptions

Hope Moses-Ashike Jun 19, 2025

… Says reflecting strong investor confidence The Debt Management Office (DMO) on Thursday announced that the third Sovereign Green Bond...

Economy

FX reforms drive Nigerian banks’ net foreign assets to 10-yr high

Wasiu Alli Jun 19, 2025

Nigerian banks have regained their footing in the foreign exchange market, with net foreign assets (NFA) rising to the highest...

Economy

FAAC allocates N1.659trn to federal, state, local govts' in May

Onyinye Nwachukwu Jun 19, 2025

…VAT, CIT, import duties rise The Federation Account Allocation Committee (FAAC) disbursed a total of N1.659 trillion in revenue to...

Economy

FAAC: Nigeria shared N1.65trn revenue among three tiers of government in May

Oluwatosin Ogunjuyigbe Jun 19, 2025

According to an official statement released on Wednesday, Nigeria’s Federation Account Allocation Committee (FAAC) distributed N1.65 trillion amongst the federal,...

Economy

Private hospitals expand as FX reforms unlock capital

Wasiu Alli Jun 19, 2025

…but administrative bottlenecks need fixing Nigeria’s private healthcare sector is experiencing a revival, driven by recent foreign exchange reforms that...

Economy

Oil, war and the naira: Nigeria’s fragile balancing act

Muhammad Akanji Jun 18, 2025

…As missiles fly in the Middle East, the economic shockwaves are already hitting home. …The Middle East is the world’s...

Economy

Oil rally strengthens CBN’s bid for stable naira, FX reserves

Hope Moses-Ashike Jun 17, 2025

The recent surge in global oil prices is providing a much-needed boost to the Central Bank of Nigeria’s efforts to...

Economy

Securities dealers say CBN suspension of banks’ dividend causing stock market volatility

Iheanyi Nwachukwu Jun 17, 2025

The Association of Securities Dealing Houses of Nigeria (ASHON) has expressed concern over the Central Bank of Nigeria’s (CBN’s) recent...

Economy

PENGASSAN says petrol should cost N700-N750 per litre, and oil marketers are exploiting Nigerians

Oluwatosin Ogunjuyigbe Jun 17, 2025

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) says petrol should be between N700 and N750 per...

Economy

Floating naira lures British schools to Nigerian shores

Charles Ogwo Jun 17, 2025

Two years after Nigeria let its currency float, the economic fallout is reshaping the education landscape. As foreign schooling slips...

Economy

Nigeria’s inflation eases to 22.97% in May on steady food, utility costs

Eniola Olatunji Jun 16, 2025

Nigeria’s headline inflation rate slowed for the second consecutive month to 22.97 percent in May 2025 from 23.71 percent in...