FG Moves to Harmonise Economic Forecasts, Targets Faster Growth
The Federal Government has moved to eliminate conflicting economic projections across its agencies as part of efforts to improve budget...
Tag Archives: #NigeriaEconomy
NMDPRA Identifies Crude Supply and Logistics as Drivers of Fuel Price Volatility
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has identified crude oil sourcing, domestic refining arrangements, logistics and transportation...
NAICOM Shifts Focus to Insurance Penetration After Recapitalisation
The National Insurance Commission, NAICOM, has shifted its attention towards expanding insurance coverage following the recapitalisation of the industry. The...
External Reserves Hit $54bn as Naira Gains Ground
Nigeria’s external reserves have risen to $54bn, reaching their highest level since 2008 and providing a boost to foreign exchange...
NAICOM Targets 10% Insurance Penetration by 2031
The National Insurance Commission has launched a five-year programme aimed at increasing insurance penetration in Nigeria from the current 0.5...
SEC Tightens Forex Trading Rules, Proposes Up to N5bn Capital Requirement
SEC Moves to Strengthen Oversight of Online Forex Trading Nigeria’s Securities and Exchange Commission, SEC, has proposed a new regulatory...
Hedge Funds Drive N4.26tn OMO Demand as Investors Chase 21% Naira Returns
Hedge Funds Drive Strong Demand for CBN OMO Bills Hedge funds and other yield-seeking investors are driving strong demand for...
Goldman Sachs Sees Nigeria Approaching a New Growth Turning Point
Nigeria Approaches a New Economic Turning Point Nigeria may be moving closer to a new phase of economic growth as...
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...
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...