Only 20% of N25trn 2024 Budget Goes to Capital Projects
The Federal Government has spent just N4.99tn – only 20 per cent of its total N24.91tn budget – on capital projects in 2024, leaving the country’s infrastructure needs largely underfunded.
Despite...
Banking and Insurance Stocks Boost NGX by N403bn
The Nigerian stock market extended its bullish momentum on Thursday as the Nigerian Exchange Limited recorded a gain of N403bn, driven by renewed investor interest in insurance and banking stocks.
At the close...
Celebration or Crime? When Culture Clashes with Crucial Currency Control, by Rahma Olamide Oladosu
In Nigeria, no celebration is quite complete without the familiar flutter of naira notes cascading through the air. It is an unmistakable expression of joy, generosity,...
Adesina Named 2025 Distinguished Economic Leader by U.S. Corporate Council on Africa
The U.S. Corporate Council on Africa has honored the President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, with its prestigious 2025 Distinguished Economic Leader Award. The...
CBN Reports $3.73bn Current Account Surplus for Nigeria in Q1 2025
The Central Bank of Nigeria (CBN) has reported a current account surplus of $3.73 billion for the first quarter of 2025, citing growth in non-oil and gas exports as...
Nigeria, Conflict-Affected Economies Face Growing Extreme Poverty Crisis - World Bank
The World Bank has warned that extreme poverty is growing rapidly in Nigeria and 38 other economies affected by conflict and instability, worsening hunger and pushing development goals further...
