Nigerians now have more confidence in naira—CBN Governor Cardoso
The Central Bank of Nigeria Governor, Olayemi Cardoso, has said for the first time in a long while, Nigerians are […]
African Business News
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BREAKING: CBN MPC retains Nigeria’s interest rate at 27.50%
The Central Bank of Nigeria’s Monetary Policy Committee meeting has retained the country’s interest rate at 27.50 percent.The Governor of
NNPCL records N4.571tn revenue, N905bn PAT in June
The Nigerian National Petroleum Company Limited has announced that it raked in a total revenue of N4.571 trillion in June
Real estate overtakes oil in Nigeria’s economy after GDP rebasing
The service, industry, and agriculture subsectors propelled Nigeria’s economy’s expansion to N372.8 trillion in 2024 ($145.3 billion) at the present
Naira Dips Again in Nigeria’s Official and Parallel FX Markets
The Nigerian naira resumed its downward trajectory against the U.S. dollar this week, weakening in both official and unofficial foreign
Bessent Slams Fed Over Trump Tariff Critique, Demands Central Bank Review
U.S. Treasury Secretary Scott Bessent has amplified calls for a sweeping review of the Federal Reserve, arguing the central bank’s
Nigeria’s rebased GDP rose to N372.8trn in 2024
The National Bureau of Statistics, NBS, has announced that Nigeria’s Gross Domestic Product, GDP, stood at N372.8 trillion in 2024.
African Business News
Nigeria boosts trade ties with Egypt
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\n The Minister of Foreign Affairs, Ambassador Yusuf Tuggar, has reaffirmed Nigeria’s commitment to strengthening diplomatic and economic relations with
Nigeria’s GDP Rebases to N205 Trillion with 41.7% Growth Surge
Nigeria has announced a significant recalibration of its economic size, with the national statistics office revising the country’s Gross Domestic
China’s Economy Grows 5.3% Amid Escalating US-EU Trade Tensions
China’s economy expanded by 5.3% year-on-year in the first half of 2024, according to official data released by the National
Mixed reactions as Enugu Govt announces electricity tariff reduction
Mixed reactions have trailed the recent order by the Enugu Electricity Regulatory Commission for Main Power to reduce its electricity
NOGASA battles Dangote Refinery over planned direct supply of cooking gas, others
The Natural Oil & Gas Suppliers Association of Nigeria (NOGASA) has kicked against the recent plan by Dangote Refinery to