Economy

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...

The Ministry of Finance Incorporated (MOFI) has announced that the Federal Government’s N38.3 trillion investment assets are under audit and...

Just three banks—Standard Chartered, Stanbic IBTC, and Citibank—accounted for 80% of Nigeria’s total capital inflows in Q1 2025, underscoring their...

Unlicensed insurance agents across Nigeria are liable, upon conviction, to a six-month jail term. 

Foreign capital inflows into Nigeria’s banking sector rose sharply to $7.0 billion in 2024, the highest annual figure recorded since...

The Federal Government has secured a $25.35 million concessionary loan from the Kuwait Fund for Arab Economic Development to support...

The Nigerian telecommunications sector recorded $80.78 million in foreign direct investments in Q1 2025, representing a 58% decline year-on-year.  

Nigeria recorded total capital inflows of $5.64 billion in Q1 2025, a 67% increase from the $3.38 billion posted in...

President Bola Ahmed Tinubu has signed into law the Nigerian Insurance Industry Reform Act (NIIRA) 2025, a transformative piece of...

Capital inflows into Nigeria surged to $5.6 billion in the first quarter of 2025, representing a 67.12% increase compared to...