Economy

Nigeria’s Foreign Reserves Rise by $551 Million in Three Weeks

by Jide Omodele

May 25, 2026

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Economy

FG Allocates N5.1 Billion for Presidential Yacht and N5.5 Billion For Student Loans

by Victoria Attah

The Federal Government of Nigeria has proposed the allocation of N5.095 billion for the purchase of a Presidential yacht and...

Naira Faces Fresh Challenges as It Surpasses N1,160 Against Dollar

The Nigerian naira has once again crossed a significant threshold in the black market, settling at N1,160 against the US...

Nigerian Stocks Soar 4.3% in Positive October

The Nigerian Exchange Limited (NGX) closed out the month of October on a positive note, reflecting a surge in investor...

FG Aims to Bring Down Dollar Rate to N750 by December, 2023.

In a recent interview with Bloomberg News, Taiwo Oyedele, the Chair of the Presidential Committee on Fiscal Policy and Tax...

Oil Price to hit $150 if Israel-Hamas War Escalates – World Bank

by Akpan Edidong

The ongoing conflict between Israel and Hamas in the Gaza Strip could have significant consequences for global oil prices, according...

Naira Strengthens as Anticipation Mounts for $10 Billion Forex Inflows

by Jide Omodele

The Nigerian naira has experienced a boost as the Federal Government unveils the sources of an anticipated $10 billion forex...

Naira Depreciation Forces Imports Down By 65% in Q3, 2023

The Nigerian currency, the naira, has been on a steady decline against the US dollar, and this depreciation has had...

GDP in Euro Area Declines by 0.1%, While EU Records a Modest 0.1% Increase

The economic performance in the euro area and the European Union (EU) during the third quarter of 2023 has yielded...

Bank of Japan Holds Interest Rate to Support Economic Recovery

In a recent statement on monetary policy, the Bank of Japan has announced significant adjustments to its approach to yield...