Moody’s Elevates Nigeria’s Sovereign Rating to B3, Applauding Economic Reforms
On May 31, 2025, Moody’s Ratings raised Nigeria’s credit rating from Caa1 to B3, recognizing substantial advancements in the nation’s ...
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Nigeria’s Mining Sector Surges with $800 Million in New Investments
In a transformative push for Nigeria’s solid minerals sector, the administration of President Bola Tinubu has driven significant growth through ...
World Bank Raises Concerns Over Nigeria’s N54.9 Trillion 2025 Budget
The World Bank has expressed doubts about Nigeria’s N54.99 trillion federal budget for 2025, calling it highly ambitious and warning ...
CBN’s Naira Printing Costs Surge by 306% Amid Ongoing Cash Crisis
The Central Bank of Nigeria (CBN) spent a staggering N315.18 billion on currency management in 2024, marking a 306% ...
NACCIMA, OPS Warn Nigeria’s Rising Public Deficit Could Derail $1 Trillion Economy Target
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) and the Organized Private Sector of Nigeria (OPSN) ...
Ogun, Osun Top List of Nigerian States with Highest Right-of-Way Charges Amid Calls for Reform
Despite its substantial investment in broadband infrastructure, Ogun State has emerged as the most expensive Nigerian state for fibre optic ...
Nigeria’s Inflation Rebounds to 24.23% in March Amid Currency Woes and Policy Challenges
Nigeria's inflation rate surged back to 24.23% in March 2025, marking a sharp reversal from the temporary relief seen in ...
States Plan N28.8 Trillion Infrastructure Spending Amid Funding Challenges
State governments across Nigeria have unveiled ambitious plans to address the nation’s infrastructure deficit, earmarking a combined N28.85 trillion for ...
Nigeria Treasury Bills Auction Attracts N2.41 Trillion Amid Declining Rates
Nigeria’s latest treasury bills auction, held on February 19, 2025, drew significant investor interest, with total subscriptions reaching N2.41 trillion ...
Nigerian Banks Raise N1.7 Trillion in Recapitalization Drive, Boosting Market Confidence
Nigeria’s banking sector kicked off 2025 with strong market performance, as banks collectively raised N1.7 trillion in new equity capital ...
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CBN Prepares for N8.57 Trillion Liquidity Influx as OMO and Bond Maturities Hit Banks
NFEM Turnover Drops 17.7% to $2.25 Billion as CBN Lowers Benchmark Rate to 23%
Federal Government Allots N6.69 Billion in September Savings Bonds
Federal Government Seeks Fresh $1.5 Billion in World Bank Financing
Nigeria Loses $16 Trillion to Natural Gas Flaring in a Decade – FG
