Nigerian Economy

The Nigerian naira has continued to weaken against the US dollar, as it recorded another round of depreciation in March 2025, both at the official market and in the parallel …

The Egyptian Ministry of Finance has announced new steps to boost economic activity and encourage private sector growth. The move also targets support for key industries in the country. These …

Zimbabwean President Emmerson Mnangagwa has announced plans to suspend all tariffs on goods imported from the United States. The announcement comes shortly after former US President Donald Trump imposed 18 …

Leading corporate and investment banking group, Rand Merchant Bank (RMB), has concluded a series of high-level engagements in Abuja as part of its West Africa investor roadshow, spotlighting Nigeria’s investment …

Nigeria spent a total of N13.12 trillion on servicing its debts in 2024, a big jump from the N7.8 trillion it paid in 2023. This is a 68 per cent …

Nigeria’s economy has been hit with a fresh challenge as the price of crude oil dropped by $10 per barrel, raising concerns about the country’s financial stability and budget performance. …

The Organised Private Sector (OPS) has urged the Central Bank of Nigeria (CBN) to reduce the Monetary Policy Rate (MPR) from its current 27.50 per cent to encourage economic growth. …

In a move to ensure stable electricity in Ondo State, Lincs Power Energy Solutions has joined hands with the state government to build a 5-megawatt power project. The project aims …

Nigeria has approached the World Bank for a fresh $10.50 million loan to strengthen the Central Bank of Nigeria’s technical capacity and modernise the country’s domestic payment system. The move …

The World Bank’s private investment arm is making a major push into Africa’s digital economy with a $100 million investment in regional data centre developer and operator Raxio Group. This …