The International Monetary Fund (IMF) says Nigeria can make real progress if it increases its revenue, builds a better national budget system, and expands its cash transfer programme to help …
NIGERIA ECONOMY
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The World Bank has issued a stern warning about the rapid rise of extreme poverty in Nigeria, saying the country is now one of 39 economies where conflict and instability …
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Banking, Finance & InvestmentEconomyFinance & ServicesINVESTMENTNigeriaPolicies
Foreign Investor Backs Nigeria’s Economic Reforms as IMF, CBN Hail Progress
Veteran Asia-Pacific investor and founder of the Research Alpha fund, Michael McGaughy, has praised the economic reforms introduced by the Central Bank of Nigeria and President Bola Tinubu’s administration, describing …
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AfricaBanking, Finance & InvestmentDevelopmentEconomyFinance & ServicesPoliciesTrade and Commerce
Afreximbank flags fresh threats to Africa’s growth
The Senior Executive Vice President of the African Export-Import Bank (Afreximbank), Denys Denya, has warned that new threats are emerging against Africa’s development and economic independence, similar to the resistance …
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Banking, Finance & InvestmentBusinessDevelopmentEconomyEducationEntrepreneurshipNigeria
Keystone Bank, Pan-Atlantic University Partner to Promote SMEs
Keystone Bank Limited has signed a strategic Memorandum of Understanding (MoU) with the Enterprise Development Centre (EDC) of Pan-Atlantic University to drive support for small and medium-sized enterprises (SMEs), promote …
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EconomyFinance & ServicesGOVERNMENTNigeria
FG, States, LGs Share N1.659trn FAAC Revenue for May 2025
The Federal Government, State Governments, and Local Government Councils have shared a total revenue of ₦1.659 trillion for the month of May 2025, according to a communiqué issued at the …
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AfricaDevelopmentEconomyFinance & ServicesInfrastructureINVESTMENTNigeria
EY Nigeria to Host Roundtable on Boosting Africa’s Development
EY Nigeria has announced a major roundtable discussion that will focus on how private capital can be used to speed up Africa’s development plans. The event, which will hold next …
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EconomyGOVERNMENTInternational RelationsNigeria
Nigeria Owes Over $19.5m in UN Dues Despite Global Funding Crisis
Nigeria has only paid about 36 per cent of its financial contributions to the United Nations (UN) over the past five years, raising concerns about the country’s commitment to its …
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AfricaDevelopmentEconomyEntrepreneurshipInternational RelationsINVESTMENTNigeriaPoliciesTrade and Commerce
Ohuabunwa Criticises Government’s Lukewarm Trade Policy
Founder and former CEO of Neimeth Pharmaceutical, Mazi Sam Ohuabunwa, has criticised the Nigerian government for its slow and disinterested approach to trade and franchising, warning that the lack of …
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EconomyFinance & ServicesMarketsNewsNigeria
Naira Hits Two-Month High of ₦1,565.46/$ Amid Strengthening Reforms and Policy Stability
The Nigerian naira on Wednesday reached its strongest level in over two months, closing at ₦1,565.46 to the dollar at the official foreign exchange (FX) market. This marked a ₦13.82 …