Nigeria’s manufacturing sector has continued to face mounting challenges as credit to manufacturers dropped sharply by N7.72 trillion between January…
Browsing: economy
Nigeria’s economy recorded a growth rate of 4.23 percent in the second quarter of 2025, according to the National Bureau…
FCMB Group, one of Nigeria’s leading financial conglomerates, has announced gross earnings totaling ₦529.2 billion in its recent financial results,…
Nigeria’s recent efforts to stabilize the naira appear to be gaining traction, with a notable surge in vehicle imports underscoring…
Nigeria’s banking and insurance sectors, along with other financial institutions, collectively contributed an estimated ₦1.77 trillion to the national economy…
Nigeria’s drive toward industrialisation is facing significant headwinds as the country’s manufacturing and agricultural sectors continue to struggle under the…
Enugu State has launched a bold initiative aimed at transforming its economy from $4.4 billion to an ambitious $30 billion…
Nigeria recorded a rebound in foreign direct investment in the third quarter, attracting about $720 million in capital inflows, signalling…
The World Bank has urged countries, particularly developing economies, to strengthen trade standards as a critical pathway to boosting economic…
The Nigerian Economic Summit Group (NESG) has urged the federal government to strengthen its reform momentum and prioritize economic stabilization…
First City Monument Bank (FCMB) Group has announced plans to raise additional equity capital as part of its strategy to…
The Central Bank of Nigeria has intensified efforts to attract global investors by rolling out a series of far-reaching reforms…
Nigeria’s rebasing of its Gross Domestic Product (GDP) to ₦372.8 trillion has been hailed as a landmark achievement in economic…
Nigeria’s real estate sector has witnessed a remarkable upturn, surging to a market value of ₦41.3 trillion in the first…
The Central Bank of Nigeria (CBN) has stated that its recent monetary reforms are beginning to yield positive outcomes, citing…
Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, has described the ongoing Lagos–Calabar Coastal Highway project as a major…
The Central Bank of Nigeria (CBN) has injected $1.25 billion into the economy to support fuel imports and other critical…
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has declared that the nation’s economic recovery has…
Nigeria appears to be making progress toward its goal of reducing inflation to 15 percent, as recent data from the…
The International Monetary Fund (IMF) has released its latest economic outlook for Africa, highlighting several countries that are projected to…