Nigeria, Germany Partner to Bolster MSMEs in Nigeria – Minister The Nigerian and German governments have reached an agreement to enhance cooperation aimed at bolstering Micro, Small, and Medium Scale Enterprises (MSMEs) in Nigeria. Dr. Doris Uzoka-Anite, the Minister of Industry, Trade, and Investment, made this...

Trends that will Shape Nigeria's Economic Trajectory  Rising inflation, lower consumer purchasing power, global supply-chain bottlenecks, and forex shortages may continue to impact manufactured output in 2024. Professional services firm, PricewaterhouseCoopers (PwC Nigeria) made this projection in its latest Nigeria Economic Outlook, which highlights the seven...

Rewane Tasks Tinubu to Save Nigeria Economy  Bismarck Rewane, an economist and Managing Director/Chief Executive Officer of Financial Derivatives Company Limited in Lagos, has urged President Bola Ahmed Tinubu to tell Nigerians the truth and do something quick to save the nation’s economy, saying the...

Nigeria’s Inflation Rate to Drop to 15.5% in 2025, IMF Forecasts The International Monetary Fund (IMF) has foreseen a decline in Nigeria’s inflation rate to 23 percent in 2024 and 15.5 percent in 2025. Daniel Leigh, IMF’s Division Chief of Research Department, hinted on this...

Naira Appreciates to N1,419/$ at FX Market The naira has recovered against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official window, on Monday. Naira rose by 1.06 percent to close at N1,419.86 to a dollar — from N1,435/$ recorded at the...

TCN Upgrades Transformers as National Grid Stabilise at 3000MW The national power grid stabilised on Monday as electricity generation revolved around 3,000 megawatts and 3,707.91MW between 1am and 8pm on the same day following the collapse of the grid on Sunday. It was reported reported that...