'Policy Reforms Key to $1trn Economy Goal' Experts have expressed the need for policy reforms for Nigeria to meet the $1tn economic target by the end of the decade. This came to light following the release of the Gross Domestic Product...

CBN Lowers T-Bill Rate to Below 18% to Stimulate Economic Growth   The Central Bank of Nigeria (CBN) has cut spot rates on Nigerian Treasury bills at the primary market auction on Wednesday in a bid to reduce its payment burden. The...

Nigeria's Economic Woes Drive Foreign Investors to Dump N455bn Worth of Stocks   Foreign investors withdrew N455.62bn from the Nigerian stock market in 2024, significantly outpacing total inflows and reinforcing concerns about investor confidence despite the Central Bank of Nigeria’s efforts...

Bird Strikes Cost Domestic Airlines N3bn Revenue Loss Annually   Recent flight disruptions on domestic routes have been attributed to bird strikes, a persistent threat to flight operations. Despite ongoing efforts to mitigate the issue, bird strikes remain a significant challenge...

MTN Earnings Hit by N400bn Loss as Naira Devaluation Takes Toll   MTN Nigeria reported a N400.44bn loss after tax for the year ended December 31, 2024, as the devaluation of the naira drove up foreign exchange losses and weighed on...

NGX Suffers N45.8bn Foreign Capital Outflow in January   Foreign investors withdrew N45.85bn from the Nigerian stock market in January 2025, an outflow that significantly overshadowed the N25.66bn recorded as foreign inflows within the same period. The latest Nigerian Exchange Domestic and...