Top 10 most expensive states to live in Nigeria in July 2025
Nigeria’s headline inflation rate eased for the fourth consecutive month in July 2025, dropping to 21.88% from 22.22% in June,...
World Bank approves $300 million loan for Internally Displaced Persons in Nigeria
UAC of Nigeria Plc began its 2025 financial year on a mixed note, reporting a pre-tax profit of N11.1 billion...
CBN considers civil and criminal charges against FX deal violators after audit
The Central Bank of Nigeria (CBN) has announced plans to pursue civil, administrative, or criminal sanctions against parties found to...
FDI crashes by 70% as foreign investors opt for hot money in Nigeria
Foreign Direct Investment (FDI) into Nigeria declined by 70.06% quarter-on-quarter to $126.29 million in Q1 2025, down from $421.88 million...
Foreign capital inflows into banking sector hit five-year high in 2024
Foreign capital inflows into Nigeria’s banking sector rose sharply to $7.0 billion in 2024, the highest annual figure recorded since...
CBN ends audit of failed FX deals, refunds banks in naira
The Central Bank of Nigeria (CBN) has officially concluded the forensic audit into undelivered forward foreign exchange (FX) transactions and...
FG to get $25.35 million loan for out-of-school children in Kaduna
The Federal Government has secured a $25.35 million concessionary loan from the Kuwait Fund for Arab Economic Development to support...
Nigeria’s private sector hiring hits 21-month high, PMI rises to 54 in July – Report
Nigeria’s private sector witnessed its strongest employment growth since October 2023 as the Purchasing Managers’ Index (PMI) rose to 54.0...
IMF raises Nigeria’s growth forecast to 3.4% for 2025
The International Monetary Fund (IMF) has upgraded Nigeria’s 2025 economic growth forecast to 3.4%, reflecting a 0.4 percentage point increase...
Nigeria’s exchange rate revenue falls by 73% as FX arbitrage falters
Nigeria’s revenue from exchange rate gains dropped sharply by 73% in the first half of 2025, plunging to N589.45 billion...
