News

The recent 150 basis points hike in the Central Bank of Nigeria's (CBN) Monetary Policy Rate (MPR) to 26.25% will exacerbate the already high cost of doing business in Nigeria,...

The African Development Bank (AfDB) has announced a substantial investment of $1.44 billion to bolster Nigeria's infrastructure in the energy and power, transport, water, and sanitation sectors. Akinwunmi Adesina, President...

On May 24, 2024, Nigeria's foreign exchange market experienced a dramatic increase in turnover on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, surging by 231.99%. This occurred alongside the...

In the parallel market, the Naira fell to N1,515 per dollar yesterday, down from N1,495 on Wednesday. Similarly, the Naira dropped to N1,485.66 per dollar in the Nigeria Autonomous Foreign...

Food prices, the National Bureau of Statistics (NBS) reports that rice, garri, tomato, beans, yam, and other food prices would rise in April 2024. The NBS stated this in its...

Nigeria's Gross Domestic Product, GDP, increased by 2.98 percent in the first quarter of the year (Q1'24). This indicates a 0.48 percentage point quarterly fall in GDP growth, compared to...

The National Bureau of Statistics (NBS) reports that the average price of 5kg cooking gas fell from N6,591.62 in March 2024 to N6,521.58 in April 2024. This is mentioned in...

The Manufacturers Association of Nigeria has said manufacturers were forced to cut production and jobs in the first quarter of the year due to macroeconomic-related headwinds. MAN’s Director of Research...

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, on Monday, announced that about $16.6bn investments had been committed to Nigeria’s oil and gas sector in the past one...

The Federal Government, through the Ministry of Industry, Trade, and Investment, has initiated the implementation of Nigeria’s National e-Commerce Strategy (NeCS) to tap into the N255 billion market. This initiative...