Nigeria's Money Supply Reaches Record N95.56trn in Feb 2024 Nigeria's Broad Money Supply (M3) has reached a new record high of N95.56 trillion as of February 2024. This figure represents a 79.29% increase from the previous year, despite the Monetary Policy Committee (MPC)’s recent pronouncements. This figure...

World Bank Halts $700M Loan to Nigeria Amid Controversy over Water Bill A $700 million World Bank loan for a Rural Water Supply and Sanitation Project in Nigeria has been put on hold due to legislative gridlock. The Sustainable Urban and Rural Water Supply, Sanitation and...

World Bank Halts $700M Loan to Nigeria Amid Controversy over Water Bill A $700 million World Bank loan for a Rural Water Supply and Sanitation Project in Nigeria has been put on hold due to legislative gridlock. The Sustainable Urban and Rural Water Supply, Sanitation and...

Nigeria Gets ¥15bn To Boost Agricultural Scheme Projects The federal government has said it has received the sum of ¥15 billion from the Japanese International Cooperation Agency to support the nation’s National Agricultural scheme project. The minister of Finance and the coordinating minister of the Economy,...

Tinubu Approves Renewed Hope Infrastructure Development Fund President Bola Tinubu has approved the Renewed Hope Infrastructure Development Fund to facilitate effective infrastructure development across the pivotal areas of agriculture, transportation, ports, aviation, energy, healthcare, and education in Nigeria. The Fund will invest in critical national projects...

MPC: Experts Fear Another Hike in Interest Rates With the hawkish stance taken by the majority of the Monetary Policy Committee members at the last meeting, expectations are high that another interest rate hike will be announced after the upcoming MPC meeting. Last month, the MPC...