Economic News

The governments of the United Kingdom and Nigeria have reaffirmed their commitment to increasing trade cooperation and economic growth. This strengthened relationship aims to eliminate technical trade obstacles, increase regulatory...

Lagos State Governor Babajide Sanwo-Olu has reiterated his administration's commitment to investing in vital infrastructure and connecting roads to promote the state's economic growth. Sanwo-Olu, who made the promise during...

As of January 2025, the federal minimum wage in the United States remains unchanged at $7.25 per hour, despite ongoing efforts to raise it to $15. This stagnation has made...

The United Kingdom and Nigeria have reinforced their commitment to deepening trade relations and fostering economic growth through the implementation of Nigeria’s National Quality Policy under the Standards Partnership Programme...

Nigeria’s economy has continued to expand despite macroeconomic challenges, recording a GDP growth rate of 3.40% in 2024, up from 2.74% in 2023. However, given the country’s large population, this...

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reiterated the bank’s dedication to enhancing economic collaboration between Nigeria and the Kingdom of Saudi Arabia. According to a...

The United States Mission to Nigeria has announced an investigation into how previous aid to Nigeria and other countries has been used. This follows US President Donald Trump's decision on...

The Central Bank of Nigeria (CBN) has issued a stern warning that it will suspend the licenses of any Bureau de Change (BDC) operators or Authorised Dealer Banks found violating...

The Federal Government of Nigeria is strengthening its economic ties with Germany to attract foreign direct investment and foster economic growth. This was disclosed by the Minister of Industry, Trade,...

Nigeria's trade relationship with China has been steadily growing, with China becoming a key supplier of many of Nigeria’s imported goods. From machinery to chemicals, China plays a crucial role...