According to the Debt Management Office (DMO), Nigeria’s total public debt has reached ₦121.67 trillion ($91.46 billion) as of March 31, 2024. This includes both domestic...
The chairman of Mile 12 International Market in Lagos, Shehu Jibrin, has attributed the over 500% increase in tomato and pepper prices in Nigeria to inadequate...
In May 2024, Nigeria experienced a rise in inflation rate, reaching 33.95%, as reported by the National Bureau of Statistics. This represents a 0.26% increase compared...
Ahead of the Eid el-Kabir festivities on Friday, the naira continued to weaken against the dollar in the foreign exchange market. The naira lost value versus...
The Nigeria Securities and Exchange Commission, often known as Davido, is associated with the famed Nigerian artist David Adeleke. The SEC has advised prospective investors to...
Despite Nigeria’s growing debt load, the World Bank has authorised a $2.25 billion lending facility to support President Bola Ahmed Tinubu’s economic reforms. This was revealed...
The World Bank is being asked to provide $500 million to the Nigerian federal government in order to repair rural roads, increase national access to agricultural...
Aliko Dangote, the chairman of the Dangote Group, has declared that his $20 billion, 650,000 barrel-per-day refinery in Lagos will cause the price of fuel to...
According to the Central Bank of Nigeria, Wema, Polaris, and Unity Banks’ licences are not going to be revoked. This clarification was provided in a statement...
In the first quarter of 2024, 80.80% of Nigeria’s exports were made up of crude oil. The most recent figures on foreign goods trade from the...