NIGERIA ECONOMY

Nigeria will require a minimum annual growth rate of 21.9 percent at an exchange rate of N1,500 per dollar, or a stronger exchange rate with slower growth, to reach a …

Business creation in Nigeria has continued to drop in the last three years, according to a new report by FATE Foundation, a private-sector led non-profit organisation. The 2024 State of …

The Association of Distributors and Transporters of Petroleum Products (ADITOP) has distanced itself from the planned strike by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and allied …

CreditPro Finance Company Limited has received approval from the Central Bank of Nigeria (CBN) to operate as a licensed finance company, a development expected to boost lending to small and …

United Nigeria Airlines has entered into an aircraft acquisition agreement with Southwest Airlines, a United States-based carrier, for the purchase of six Boeing 737-800 aircraft. The deal marks a significant …

The Federal Competition and Consumer Protection Commission (FCCPC) has introduced strict new regulations to tackle unethical practices in Nigeria’s growing digital lending market. The new rules, which came into effect …

The Alliance for Economic Research and Ethics has urged the Federal Government to create a clear transition plan and consult widely with stakeholders before going ahead with its ban on …

Barring any last-minute change, the Dangote Petroleum Refinery is set to begin its direct fuel distribution scheme soon as 1,000 Compressed Natural Gas-powered trucks ordered for the project have arrived …

The Nigerian naira recorded a slight appreciation against the United States dollar on Thursday at the official foreign exchange market, as the country’s external reserves rose to a four-year high …

The Nigerian Economic Summit Group (NESG) has raised concerns that Nigeria’s weak infrastructure is holding back economic growth, limiting productivity, and discouraging investment across key sectors. This warning comes ahead …