Economic News

Nigeria's external reserves have hit a 22-month high of $37.31 billion, boosted by significant foreign investment in Africa's largest economy. The efforts have yet to have a significant impact on...

As of 2024, the global manufacturing landscape is shaped by a handful of nations that dominate various sectors of industry, contributing substantially to the world’s output. These countries have positioned...

A recent report from the Central Bank of Nigeria (CBN) has highlighted the increasing financial strain on Nigerians. According to The Punch, the report warns that more citizens may resort...

The Federal Government of Nigeria has introduced a 50% subsidy on electricity costs for public hospitals nationwide. This initiative was unveiled by the Minister of State for Health and Social...

CORBON, the Nigerian Council of Registered Builders, has stated that the expansion of the informal sector has the potential to increase Nigeria's and Africa's economic growth rates. Engr Sam Opaluwah,...

President Bola Tinubu is scheduled to visit the People's Republic of China in early September, a trip aimed at bolstering economic ties and attracting vital investments to Nigeria. This visit...

China contributed approximately 30 percent of the world's manufacturing value in 2023, solidifying its role as a global leader in the industry, according to a recent report by China Briefing,...

DAAR Communications Chairman Raymond Dokpesi Jnr has attributed the recent management shake-up to regulatory compliance and future growth. The company confirmed the retirement of six executive directors and four staff...

The Nigerian Economic Summit Group (NESG) has raised concerns about the country's financial inclusion efforts, revealing that over 30 million Nigerians remain financially excluded. This was highlighted during a webinar...

Nigeria's inflation rate eased to 33.4% in July, a decrease of 0.79 percentage points from June's 28-year high of 34.19%, according to the National Bureau of Statistics (NBS). The Consumer...