Naira Strengthens to N1,338 as Reserves Rise Above $53 Billion
Naira Gains as Offshore Inflows Support Market The naira strengthened during the week as increased offshore foreign exchange supply improved...
Tag Archives: #NigeriaEconomy
Nigeria’s External Reserves Rise to $53.11bn, Nearing Highest Level in 17 Years
Nigeria’s External Reserves Rise to $53.11bn Nigeria’s external reserves have risen to $53.11 billion, bringing the country close to its...
Nigeria Set to Reclaim FTSE Frontier Market Status as Investor Confidence Strengthens
Nigeria Set to Reclaim FTSE Frontier Market Status Nigeria is set to return to the FTSE Russell Frontier Market classification...
Atiku’s Fuel Subsidy Proposal Could Scare Foreign Investors, IMPI Warns
The Independent Media and Policy Initiative (IMPI) has warned that former Vice President Atiku Abubakar’s proposal to restore a form...
Nigeria’s High Interest Rates Attract Investors but Squeeze Manufacturers and Businesses
Nigeria's monetary policy is facing a difficult balancing act as high interest rates continue to attract investors into naira-denominated assets...
UBA and Fidelity Bank Announce Delay in H1 2026 Financial Results
Two of Nigeria’s leading commercial banks, United Bank for Africa (UBA) and Fidelity Bank, have announced potential delays in publishing...
Nigeria’s Petrol Subsidy Debate Deepens as Government Weighs Reform Gains Against Consumer Pressure
Nigeria's long-running debate over petrol subsidies has entered another phase as policymakers and economic stakeholders continue to weigh the financial...
FG Says Procurement Reforms Save N1.5tn as Digital Controls Curb Spending Leakages
The Federal Government says reforms in public procurement have generated more than N1.5 trillion in savings over the past 18...
Nigerian Auto Plants Operating Below 5% Capacity Due to Financing Deficits
Automotive Development Council Highlights Manufacturing Bottlenecks The National Automotive Design and Development Council revealed that domestic auto plants operate below...
Rural Electrification Agency Boss Warns Nigeria Needs $23 Billion to Fix Power Sector
Agency Leader Outlines Massive National Power Gap The Rural Electrification Agency warned that Nigeria requires at least $23 billion to...