FG Backs Lagos International Financial Centre, Targets Q1 2027 Soft Launch
The Federal Government has formally backed the establishment of the Lagos International Financial Centre, LIFC, with stakeholders targeting a soft...
Tag Archives: #NigerianEconomy
NGX Equities Market Closes Week Bullish as ASI Advances 2.36%, Market Capitalization Hits N159.56trn
The Nigerian equities market wrapped up the trading week on a decidedly positive trajectory, buoyed by widespread investor confidence across...
Ethiopian Airlines Scales Up Nigerian Operations, Pushes Weekly Frequencies to 53 with Port Harcourt Launch
In a decisive move signaling long-term institutional confidence in the West African aviation corridor, the pan-African carrier, Ethiopian Airlines, has...
Investors Stake N3.35tn on Treasury Bills as CBN Lowers Stop Rate to 16.84% Amid Heavy Demand
The Central Bank of Nigeria (CBN) has successfully lowered the stop rate on the benchmark one-year Nigerian Treasury bill to...
Naira Strengthens to N1,332.94 as Nigeria’s FX Market Gains Support
Naira Appreciates at Official FX Market The naira recorded a fresh gain at the Nigerian Foreign Exchange Market, NAFEM, closing...
Nigeria Records $3.8bn Remittance Inflows in Seven Months, Up 50.2%
Nigeria Records $3.8bn in Remittance Inflows Nigeria recorded $3.8 billion in remittance inflows through International Money Transfer Operators, IMTOs, in...
Nigeria’s FX Utilisation Hits Record $34.59 Billion in First Half of 2026
Nigeria’s Foreign Exchange Utilisation Hits Record Level Nigeria's total sectoral foreign exchange utilisation rose to a record $34.59 billion in...
Dangote Refinery Plans Retail-Focused IPO in Major October Listing
Dangote Petroleum Refinery is planning a retail-focused initial public offering, IPO, in October 2026, in a move that could become...
CBN Survey: Multiple Taxation Remains Nigeria’s Biggest Business Challenge
High and multiple taxation has remained the biggest challenge confronting businesses in Nigeria, according to the latest Business Expectations Survey...
Bola Tinubu Says Nigeria’s Economy Has Exited “Dark Tunnel” of Uncertainty
President Bola Tinubu has assured Nigerians both at home and in the diaspora that the country’s economy has moved beyond...