Air Peace says it will begin direct flights from Abuja airport to Heathrow and Gatwick airports in London, United Kingdom (UK), on October 26.

Naira Strengthens Against Dollar in Black Market The Naira extended its gains against the US dollar on Monday, July 21, appreciating in the parallel market. Currency dealers in Abuja told Economic Confidential that the Naira was exchanged at ₦1,520 per dollar for buying and ₦1,528 for...

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has expressed concern over the inflationary implications of rising liquidity levels in the banking system.

Nigeria’s current account surplus is projected to decline sharply in 2025, dropping to 2.7% of GDP from 9.2% in 2024, according to the H2 2025 Economic Outlook Report released by CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc.

The United States imported Nigerian crude oil worth $1.34 billion between January and May 2025, reinforcing Nigeria’s position as America’s top African crude supplier despite growing pressures on broader trade flows.

The Central Bank of Nigeria’s (CBN) survey has revealed that 65.8 percent of respondents want the monetary authority to cut interest rates. The finding comes just days before the Monetary Policy Committee (MPC) convenes for its July meeting to decide on the future direction of interest rates.