Financial

Nigeria Sees 11th Consecutive Month of Economic Growth   Nigeria’s economy expanded for the eleventh consecutive month as Central Bank of Nigeria (CBN) Purchasing Managers’ Index rises to 55.4 index points in October 2025 from 54 index points recorded in the previous month. According to the CBN...

The national assembly has approved President Bola Tinubu’s request to borrow N1.15 trillion to fund the 2025 budget deficit.

FEC Approves Over ₦890bn for Fresh Road Projects Nationwide   The Federal Executive Council (FEC) has approved more than ₦890 billion for the execution and review of several major road projects across the country, in line with President Bola Ahmed Tinubu’s commitment to his administration’s Renewed...

Banks’ Recapitalisation Key to Achieving $1trn Economy — CBN   The Central Bank of Nigeria (CBN) has reiterated that the ongoing recapitalisation of commercial banks is central to achieving the Federal Government’s ambition of building a $1 trillion economy by 2030. The CBN Deputy Governor for Financial...

FX Reserves Set to Hit $45bn with Eurobond Boost – Report   Nigeria’s foreign exchange reserves are projected to rise to $45bn by the end of 2025, driven by strong investor confidence following the country’s successful $2.3bn Eurobond issuance, according to investment house CardinalStone. In its Macroeconomic...

FG Launches N200m Grant Scheme for Women Engineers The Federal Government has disbursed a total of N200m in grants to 14 outstanding women engineers to scale up innovations addressing Nigeria’s most pressing development challenges. The initiative, spearheaded by the Presidential Implementation Committee on Technology Transfer and...