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 more
Economics
Nigeria 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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
Nigeria’s May inflation seen defying CBN rate hike
The inflation rate for last month is expected to be higher than 33.69 percent despite the further increase in the
Read more