Nigeria Registers 118 Mineral Buying Centres in Three Months
The Federal Government collected N6.96 billion mining fees and registered 118 new private mineral buying centres in the first quarter
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Economics
CPPE Opposes Bill Seeking to Ban Raw Materials Imports into Nigeria
The Centre for the Promotion of Private Enterprise (CPPE) has said the bill seeking to ban the importation of raw
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Nigerian Manufacturers Suffer Blow as Borrowing Cost Balloons to 35.5%
Manufacturers in Nigeria have said rising interest rates posed a major financial burden, with commercial bank lending rates surging to
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US Capital Flow to Nigeria Risks Decline, PwC Warns
Uncertainties about the United States trade policy direction may cause distortions for capital flows to Nigeria, Big Four accounting firm
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Nigeria’s Forex Market Liquidity Sinks 55% as Reserves Extend Slide
By Lydia Oluremi The liquidity in Nigeria’s official foreign exchange market tumbled by 54.79 percent this year as the country’s
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Nigeria Moves to Cut Government Workers’ Air Travel Costs
The Federal Government has launched a project called ‘BisonFly’ to optimise air travel costs for the Federal Civil Service through
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IMF Says Nigeria in Better Position to Navigate External Risks
The reforms implemented by President Bola Tinubu since 2023 have put the Nigerian economy in a better position to navigate
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Nigerian Manufacturers Cry Foul as Trump’s Tariff Threatens Export Gains
Manufacturers in Nigeria have expressed concerns over the 14 percent tariff imposed by President Donald Trump on Nigerian products entering
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Nigeria’s Inflation Quickens for First Time Since Rebasing
Nigeria saw its inflation rate quicken last month for the first time since the consumer price index (CPI) was rebased.
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Nigeria’s Credit Rating Lifted by Fitch for First Time Since 2019
Fitch Ratings has upgraded Nigeria’s long-term foreign-currency issuer default rating to ‘B’ from ‘B-‘, with the outlook said to be
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