Economy

Nigeria’s External Reserves Drop by $731 Million in Early April

by Jide Omodele

April 28, 2026

Home Category Economy

Economy

Customs revenue declines 7.1% as import volume drops.

Senate Approves N5.079trn 2024 Budget for Customs

In a bid to boost revenue generation, the Nigeria Customs Service (NCS) has announced the implementation of several measures aimed...

Dollar Index Loses Steam as Treasury Yields Drift Back to 4.8%

Naira Hits Historic High Against US Dollar Trading at N1610/$

In a significant development, Nigeria's currency, the Naira, soared to a historic high against the US dollar, reaching N1,607 in...

Nigerian Stock Exchange Not Among Africa’s Top Performers, Despite Recent Growth.

Business

NGX Records N329 Billion Gain, All-Share Index Climbs to 104,100 Points

The Nigerian Exchange Limited witnessed a positive trading trend for the second consecutive day, recording a significant gain of N329...

NEC Affirms CBN $3 Billion Loan for Naira Stability

Banking

Naira Trades at N1,498/$ as CBN Takes Action Against Racketeers

Naira experienced a slight appreciation against the United States dollar at the Nigerian Autonomous Foreign Exchange Market, closing at N1,498.25/$...

Nigeria’s Inflation Climbs to 19.6% in July 2022

Commodities

Food Inflation Hits 35.4%, Sparks Protest in Northern Nigeria

by Victoria Attah

Nigeria's food inflation has surged to a staggering 35.4%, marking a dire situation that has triggered protests across several cities...

Inflation Rate Surges to 29.90% in January 2024- NBS

According to the latest report from the National Bureau of Statistics (NBS), Nigeria's inflation rate for January 2024 has risen...

Nigeria Spent ₦1.8 Trillion Importing These 5 Items in Second quarter 2022

CBN Raises Import Duty Exchange Rate Amid Naira’s Continuous Depreciation

The Central Bank of Nigeria (CBN) has once again adjusted the official exchange rate used for clearing imported goods at...

Nigeria’s GDP increased by 3.52% in the fourth quarter of 2022.

Economists Urges Fiscal and Monetary Policy Alignment for $1 Trillion GDP Goal

In a bid to achieve a $1 trillion Gross Domestic Product (GDP) economy in the next seven years, Nigerian economist...

Commercio Partners Investment Analyst, Dr. Ubah, Urges Adoption of E-Naira

In a recent report published by Commercio Partners, attention has been drawn to the potential benefits of Nigeria's Central Bank...

Will the Naira Hit N2000/$ in 2024?

by Jide Omodele