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FDIs to Nigeria, Others Hit Two-decade Low – World Bank

FDIs to Nigeria, Others Hit Two-decade Low – World Bank   Flows of foreign direct investments into Nigeria and other developing economies, a key propellant of economic growth and higher living standards, have dwindled to the lowest level since 2005 amid rising trade and investment barriers,...

NBS Reports 29% Surge in Farm Produce Costs

NBS Reports 29% Surge in Farm Produce Costs     The National Bureau of Statistics (NBS) has reported a 28.98 per cent rise in the average cost of farm produce between January and May 2025, signalling a deepening crisis in Nigeria’s agricultural sector. According to the NBS, the...

Telcos Recover N107bn from Banks for USSD Debt

Telcos Recover N107bn from Banks for USSD Debt   The long-term dispute between telecommunications operators and commercial banks over unpaid Unstructured Supplementary Service Data fees appears to be drawing to a close, as telecom companies confirm the recovery of 95 per cent of the N180 billion...

DMO Raises N91bn via Green Bond Issue

DMO Raises N91bn via Green Bond Issue   The Debt Management Office (DMO) has announced the successful conclusion of the Federal Government of Nigeria’s third Sovereign Green Bond offer, which raised a total of N91.42bn from investors. The offer, which was initially set at N50bn, closed on...

Nigeria’s Inflation Drops to 22.97%

The National Bureau of Statistics (NBS), on Monday, announced that Nigeria’s headline inflation rate has dropped to 22.97 percent.

Nigeria Nears FATF Grey List Exit – NFIU

The Nigerian Financial Intelligence Unit (NFIU) has announced a significant milestone in the country's efforts to combat money laundering and terrorism financing.