CBN FX Reforms Deliver Record $844m Single-day Trade
Turnover in Nigeria’s foreign exchange market jumped to $844 million on February 3, the highest level of trades since June 2, 2022, according to data compiled by the FMDQ Securities Exchange Ltd.
The amount is three times more...
Nigeria Grapples Seven million Metering Gap
As Nigeria battles perennial shortage in electricity supply, bringing millions of its consumers under a more accountable, transparent metering system has remained even a more herculean task over the years.
The government and the power distribution companies (DisCos) have also...
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...
