‎Naira Holds Firm Against Dollar in Black Market Amid Forex Volatility ‎The naira held steady against the US dollar at the parallel market on Wednesday, June 11, underscoring continued volatility in Nigeria’s foreign exchange landscape. Currency traders in Abuja told Economic Confidential that the naira exchanged...

Public-Private Sector Consensus as Catalyst for Nigeria’s Economic Prosperity By O’tega ‘The Tiger’ Ogra and Fredrick Nwabufo In political economy, the boundary between politics and markets is porous. Nations rise or stagnate based on how well the two spheres negotiate a common language of growth. For...

Saudi, Nigeria $5bn Crude Agreement Stalls as Price Declines A new crude-for-loan deal between the Federal Government and Saudi Arabian oil company Aramco, worth $5bn, has stalled and is struggling to reach an agreement following the recent decline in crude prices. A report by Reuters quoting...

World Bank Retains Nigeria’s Growth Outlook at 3.6% The World Bank has reiterated its projection that the Nigerian economy would grow by 3.6 per cent in 2025 despite the shift in the global trade dynamics. This was disclosed in its twice-yearly Global Economic Prospects report released...

World Bank Warns of Weakest Global Growth Since 2008 The World Bank has projected that heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recession This was stated in its...

FG Risks Losing $10m World Bank Loan Over Audit Failures The federal government is expected to forfeit $10 million from a World Bank credit due to audit shortcomings, delays in launching a national budget portal, and slow implementation of a revenue assurance system. The fund is...