Nigeriens demand more Nigerian goods in 2024 as exports jump by 77% amid diplomatic tension
Trade between Nigeria and Niger Republic rebounded strongly in 2024, with exports from Nigeria soaring by 77.12% to N82.38 billion,...
PenCom grants PFAs autonomy to approve retirement benefits, mandates two-day processing
The National Pension Commission (PenCom) has issued a new directive that grants Pension Fund Administrators (PFAs) the full authority to...
Nigeria’s passenger car imports drop by 14.3% in 2024 as inflation, naira depreciation weigh on demand
Nigerians imported fewer passenger cars in 2024 as rising inflation and the sharp depreciation of the naira made foreign exchange...
Nigeria’s petrol imports hit record N15.42 trillion in 2024 despite refinery operations
Nigeria’s petrol imports surged in 2024, more than doubling despite increased domestic refining capacity, highlighting the country’s persistent reliance on...
Nigeria’s foreign trade surges to N36.6 trillion in Q4 2024 – NBS
Nigeria’s total merchandise trade saw significant growth in the fourth quarter of 2024, driven by a surge in imports and...
OMO stop rates drop again as CBN’s latest auction sees N1.88 trillion in subscriptions
The Central Bank of Nigeria (CBN) conducted an Open Market Operations (OMO) auction on March 6, 2025, attracting N1.88 trillion...
CBN, DMO at odds as 364-day NTB rate drops to six-month low of 17.82%
The Federal Government of Nigeria (FGN), through the Central Bank of Nigeria (CBN), has released the results of its Treasury...
AfDB plans $230 million trade finance package for Access Bank Nigeria
The African Development Bank (AfDB) is planning a $230 million trade finance package for Access Bank Plc, aimed at supporting...
Nigeria’s FX reserves fall by $1.31 billion in February amid naira gain
Nigeria’s foreign exchange reserves dropped by $1.31 billion in February 2025, reflecting ongoing external pressures amid a stronger naira. According...
Nigeria among Africa’s top debtors as 10 countries hold 69% of continent’s debt – Afreximbank
Nigeria, alongside nine other African countries, accounts for 69 per cent of the continent’s total external debt stock, according to...
