Nigerian large companies default more on bank loans in Q1 2025, SMEs fare better – CBN
The Central Bank of Nigeria (CBN) has reported high loan default rates among Large Private Non-Financial Corporations (PNFCs) and Other...
Nigeria’s renewed energy sector reforms to sustain current account surplus – Fitch
Fitch Ratings has stated that Nigeria’s ongoing energy sector reforms, including efforts to scale up renewable energy, are expected to...
FG inaugurates subcommittee to assess impact of US tariffs on Nigerian economy
The Federal Government has set up a subcommittee to thoroughly evaluate the potential economic impact of the recent tariff measures...
Nigeria’s debt to World Bank surges by $2.36 billion in 2024 after approval of six loans
Nigeria’s total debt to the World Bank increased by $2.36 billion in 2024, driven by six newly approved loans targeted...
CBN injects $197.71 million into FX market to boost liquidity and stability
The Central Bank of Nigeria (CBN) has injected $197.71 million into the foreign exchange (FX) market on Friday, April 4,...
Input cost inflation cools to 10-month low as PMI hits 54.3 in March – Report
Input cost inflation in Nigeria slowed to its weakest pace in 10 months in March 2025, as businesses reported softer...
Nigeria’s total public debt hits N144.67 trillion in December 2024
Nigeria’s total public debt rose to N144.67 trillion ($94.23 billion) as of December 31, 2024, reflecting a significant increase of...
World Bank plans $10.50 million grant to Nigeria to boost CBN’s technical capacity
Nigeria’s gross foreign exchange (FX) reserves fell by $2.57 billion from January to March 2025, marking a 6.29% decrease over...
CBN links foreign debt service to $2.57 billion drop in FX reserves in Q1 2025
Nigeria’s gross foreign exchange (FX) reserves fell by $2.57 billion from January to March 2025, marking a 6.29% decrease over...
Trump Tariffs: Why US matters less to Nigeria’s trade story – New report
Nigeria's exports to the United States account for approximately 2% of the country's Gross Domestic Product (GDP).
