Economy
Naira Plunges to N1,630/$1 in Parallel Market as OPEC+ Oil Production
On June 1, 2025, the Nigerian Naira weakened significantly in the parallel market, closing at N1,630/$1 on May 30, 2025,...
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Private Sector Credit in Nigeria Surges to N77.9 Trillion in First Quarter of 2025
On May 30, 2025, the Central Bank of Nigeria (CBN) reported that private sector credit rose to N77.9 trillion in...
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FG Signs Agreements with 10 Companies to Boost Nigeria’s Gas Infrastructure
On May 29, 2025, the Federal Government of Nigeria signed joint venture agreements with ten companies under the Midstream and...
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NGX Sustains Bullish Momentum, Gains N187 Billion in Market Capitalization
On May 29, 2025, the Nigerian Exchange (NGX) extended its bullish run, with market capitalization rising by N187 billion to...
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Forex Market Liberalization Bolsters Investor Confidence in Nigeria’s Economy
On May 29, 2025, Nigeria’s foreign exchange (FX) market liberalization, initiated in June 2023, has significantly enhanced investor confidence by...
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Implications of Declining Aid and Remittances for Low-Income African Nations
The African Development Bank (AfDB) report highlights severe challenges facing low-income African nations as global aid and remittance flows decline,...
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Agip Oil Triumphs as Appeal Court Dismisses Malabu Oil’s $1.3 Billion OPL 245 Suit
On May 27, 2025, the Court of Appeal in Abuja dismissed Malabu Oil and Gas Ltd’s $1.3 billion claim over...
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NELFUND Disburses N56.85 Billion in Student Loans to 298,124 Beneficiaries in First Year
On May 28, 2025, the Nigerian Education Loan Fund (NELFUND) announced the disbursement of N56.85 billion in interest-free loans to...
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Nigeria’s Debt to Surge to N183 Trillion with Tinubu’s $24.14 Billion Borrowing Plan
On May 28, 2025, President Bola Tinubu’s request to the National Assembly for approval of a $24.14 billion foreign loan...
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Nigeria Reinstates $300 Helicopter Levy, Shifts Cost to Oil Companies
On May 28, 2025, the Federal Government of Nigeria announced the reinstatement of a $300 offshore helicopter landing levy, with...
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