Nigeria spent $2.86 billion on external debt servicing in the first eight months of 2025, new figures from the Central Bank of…
Category:
Economy
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Nigeria unveiled a multi-pillar mining sector expansion and beneficiation strategy at African Mining Week (AMW) 2025, aimed at shifting the country from…
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Nigeria’s current account surplus surged to $5.28 billion in the second quarter of 2025, up from $2.85 billion in Q1, reflecting stronger…
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Standards Organisation of Nigeria states that the global economy loses over $4.7 trillion through fraud every year, equivalent to nearly seven per…
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Economy
President Tinubu delivers message of hope, call to action to Nigerians, be a nation of producers, not just consumers
President Bola Tinubu has delivered a message of hope and call to action to Nigerians. The President in his Independence day message…
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Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, will deliver a landmark lecture at Lagos Business School on Friday,…
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When Nigeria’s 54gene shut down and Kenya’s Sendy folded, many saw them as casualties of Africa’s brutal funding drought. But beneath the…
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Nigeria Customs Service (NCS) has officially introduced its “one-stop-shop (OSS) initiative aimed at reducing cargo clearance time to 48 hours. NCS’s spokesperson,…
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African Export-Import Bank and the International Trade Centre (ITC) have renewed and expanded their memorandum of understanding (MoU), underscoring their commitment to strengthening…
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Economy
Savings, lending rates to drop as MPC cuts monetary policy rate to 27 %, CPPE, market operators welcome decision
Central Bank of Nigeria Monetary Policy Committee at the end of its bi-monthly meeting cut the benchmark rate (MPR) by 50bps to…
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Bilateral trade between Nigeria and China rose by 34.7% to $15.48 billion between January and July 2025, compared with the same period…
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Economy
Global Africa Business Initiative’s ‘Unstoppable Africa’ 2025 puts Africa at the center of global growth
Africa’s economic ambitions make waves as heads of state, business leaders, investors, and policymakers gathered for Unstoppable Africa 2025, the flagship forum…
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Nigeria’s economy expanded 4.23% year on year in the second quarter, its quickest pace in about four years, helped by higher oil…
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Not less than 1,263 mineral licenses will be deleted from the portal of the Electronic Mining Cadastral system of the Nigerian Mining…
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The director-general of the National Pension Commission, Omolola Oloworaran, says the Pension Industry Leadership Council will prioritise expanding pension coverage, particularly within…