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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Economics
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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FDI Inflows into Nigeria Fall 42% While Remittances Rise
Foreign direct investment inflows into Nigeria declined by 42.3 percent last year to $1.08 billion amid the exit of several
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Nigeria’s Business Activity Rises for Fourth Straight Month as Demand Soars
Business activity in Nigeria rose for the fourth straight time in March as inflationary pressures continue to ease, according to
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