CBN Cuts Customs Rate to N1,421/$
The Central Bank of Nigeria has reduced the customs exchange rate to N1,421.23/$, lowering import costs. This reflects the Naira's ongoing appreciation in the forex markets.
Category : Economy
Norway's $2.1T Fund: Ukraine Rescue Plan?
Norway, enriched by war, faces calls to use its $2.1 trillion sovereign fund to guarantee a massive €140B loan for Ukraine. Discover the moral and economic debate.
Nigeria's reserves to hit $45bn after Eurobond success
Nigeria's foreign reserves are projected to reach $45 billion by December 2025 following a massively oversubscribed $2.3 billion Eurobond issuance, boosting the naira's performance.
Nexperia chip exports resume for German auto supplier
A German auto supplier, Aumovio, has secured a license to resume exports of critical Nexperia chips from China, signaling a de-escalation in a trade dispute. Read the full details.
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Nigeria's Foreign Reserves Reach $43.3B Peak
Nigeria's external reserves surge to $43.3 billion, highest since 2018, as naira appreciates to N1,436.74/$1. Discover how this strengthens Nigeria's economic position.
Serbia fast-tracks army HQ demolition for Trump hotel
Serbia's parliament approves urgent demolition of bombed military headquarters for Jared Kushner's luxury hotel project, sparking public division and heritage concerns.
Naira Makes Africa's Top 10 Best-Performing Currencies
Nigeria's naira appreciated 3.4% in October 2025, ranking among Africa's 10 best-performing currencies. Discover the factors behind this impressive recovery and the full list of top currencies.
Inside Germany's secret rare earth treasure chest
Explore Germany's hidden WWII bunker safeguarding rare earths vital for tech. With China controlling 92% of production, Europe faces a critical supply dilemma. Discover the strategic response.
Nigeria Cements Climate Leadership as COP30 Starts
Nigeria reinforces its position as West Africa's climate action pioneer with ambitious environmental policies and regional collaboration initiatives as world leaders gather for COP30.
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FG Plans Transparent Transport System, May Unbundle NRC
The Federal Government announces sweeping reforms for Nigeria's transport sector, focusing on transparency and potential unbundling of the Nigerian Railway Corporation to boost efficiency and economic growth.
Trump Unveils Plans to Cut Weight-Loss Drug Costs
Former President Donald Trump announces groundbreaking initiatives to reduce costs of popular weight-loss medications, potentially transforming healthcare access for millions.
Nigeria gets $400M World Bank boost for IDPs, healthcare
Nigeria secures massive $400 million World Bank funding to support Internally Displaced Persons and revolutionize Sokoto State's healthcare system, signaling strong economic recovery.
N100,000 Grant for Petty Traders: Apply Now!
Federal Government launches new portal for petty traders to apply for N100,000 grant. Batch C beneficiaries list released. Application process simplified for small business owners across Nigeria.
Nigeria Targets Climate Investment at COP30
Nigeria is strategically positioning itself to attract massive climate investments at COP30, showcasing ambitious green initiatives and renewable energy projects to become West Africa's climate frontrunner.
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Nigeria's Economic Growth Path Revealed at Investors Forum
Key stakeholders at Impact Investors Foundation conference emphasize strategic partnerships and policy reforms to accelerate Nigeria's economic development and attract sustainable investments.
Nigerian billionaire Rabiu surges on Bloomberg rich list
BUA Group founder Abdulsamad Rabiu makes stunning leap on Bloomberg Billionaires Index, surpassing prominent global billionaires as his wealth soars to $5.2 billion amid Nigeria's economic transformation.
Merz Backs EU Plan to Protect Steel from Chinese Imports
German opposition leader Friedrich Merz supports EU emergency measures to protect European steel industry from cheap Chinese imports, signaling major trade policy shift.
Bank of England Maintains 5.25% Interest Rate
The Bank of England maintains interest rates at 5.25% amid inflation concerns. Discover how this decision impacts mortgages, savings, and the UK economic outlook.
Nigeria's $2.35B Eurobond Success Amid Naira Challenges
Nigeria's currency faces ongoing challenges while the Federal Government achieves a major financial milestone with overwhelming international investor confidence in its latest Eurobond offering.
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AstraZeneca Profit Soars with 19% Revenue Growth
British-Swedish pharmaceutical giant AstraZeneca reports massive profit jump with 19% revenue growth. Discover how emerging markets and cancer drugs drove this impressive performance.
France Urges EU Sanctions Against Shein Over Labour Concerns
French officials demand EU-wide investigation into Shein's supply chain amid forced labour allegations. Learn how this could impact fast fashion in Europe.
Nigeria Sells $2.35B Eurobond to International Investors
The Federal Government of Nigeria has successfully raised $2.35 billion through Eurobond sales, attracting strong international investor confidence despite global economic challenges.
Naira Falls Again: Loses Ground Against US Dollar
The Nigerian naira has reversed its recent gains, depreciating significantly against the US dollar across both official and parallel markets. This latest development raises concerns about currency stability and economic recovery efforts.
US Government Shutdown Forces Flight Cancellations - Crisis Deepens
The longest US government shutdown continues to cripple aviation operations, forcing flight cancellations and raising global economic concerns. Expert analysis reveals escalating consequences.
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Nigeria-Germany Alliance for $1 Trillion Economy
Budget Minister Atiku Bagudu announces strategic collaboration with Germany to accelerate Nigeria's ambitious journey toward a $1 trillion economy through targeted investments and economic reforms.
Osinbajo: Stop Celebrating Worthless GDP Figures
Former Nigerian Vice President Yemi Osinbajo delivers powerful critique of Africa's GDP obsession, urging governments to focus on real economic development instead of meaningless statistics.
US-Nigeria Rift May Widen Poverty - Economist
Renowned economist Professor Godwin Owoh warns that deteriorating relations with the United States could have devastating consequences for Nigeria's economy, potentially pushing millions into poverty and stalling development.
CBN's Critical Rate Decision: Hold or Hike Amid Economic Pressures?
Nigeria's Monetary Policy Committee faces tough choices as inflation soars and economic growth slows. Experts analyze potential outcomes ahead of crucial rate decision.
Leadership Key to Nigeria's Economic Growth - CIOD
The Chartered Institute of Directors reveals how strategic leadership could unlock Nigeria's economic potential and drive sustainable development across sectors.
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US Supreme Court Skeptical of Trump Tariff Legality
American Supreme Court justices express serious doubts about Trump-era tariff legality, raising concerns about global trade implications and potential impacts on Nigerian importers and consumers.
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