UK agency BII commits $50m to Access Bank for Nigerian businesses
British International Investment (BII), the UK’s development finance institution and impact investor, has announced a $50 million commitment to Access
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Economics
Nigeria’s external reserves surpass one-year high
The external reserves of Nigeria have hit the highest point in more than a year, rising by about $3 billion
Read moreNigeria is on path to debt trap, Rewane warns
Nigeria, Africa’s third-biggest economy, is on the path to debt trap, Bismarck Rewane, chief executive officer of Lagos-based Financial Derivatives
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Over 700,000 people of Nigerian descent live in US, says envoy
More than 700,000 people of Nigerian descent live in the United States, the largest of any African country, an envoy
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Rail freight gains steam as NRC’s Q1 revenue jumps 235%
The Nigeria Railway Corporation saw its revenue from cargo transportation surge more than threefold to N607.32 million in the first
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Soaring prices push Nigeria’s PMI to lowest in seven months
Business activity in Nigeria fell in June to the lowest level in seven months as companies jacked up their prices
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Foreign investment flows to Nigeria triple in Q1
Foreign capital imported into Nigeria tripled in the first three months of this year compared to the last quarter of
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Annual FDI flows to Africa extend decline to $53bn
Foreign direct investment (FDI) flows to Africa fell by 3% to $53 billion in 2023, the latest World Investment Report released
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Nigeria’s inflation nears 34% despite fall in monthly food price growth
Nigeria saw its inflation rate rise to 33.95 percent in May from 33.69 percent in the previous month, new data
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Nigeria’s inflation crisis will be prolonged: Capital Economics
The inflation rate in Nigeria that is at its highest in nearly 30 years will stay elevated for long, analysts
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