Economy

Impact Investors Foundation: Lagos attracts over 65% of Nigeria’s capital inflow

Ghana inflation drops 140bps to 8.0% in October, food costs ease

Fitch: Nigeria’s banking sector recapitalisation outpaces Sub-Saharan peers

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Economy

News and analysis on the Nigerian economy

Ghana’s headline inflation eased to 53.6% in January 2023

Consumer Goods

Economic woes: Ghana turns to its cocoa traders for $400 million loan

by David Olujinmi

November 7, 2023

Ghana is looking to borrow $400 million from cocoa traders to keep its cocoa industry running smoothly.

Dave Umahi, Abuja-Zaria-Kano dual carriageway

Budget

2023 Supplementary Budget: FG budgets N58 billion for construction of 20 new road projects nationwide

by Caleb Obiowo

November 7, 2023

The Federal Government has budgeted the sum of N58 billion for the construction of twenty (20) new road projects under...

Financial Services

‘CBN will focus on the core mandate of price stability to curb inflation’ – Cardoso

by Chris Ugwu

The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has reiterated that his leadership would focus mainly...

Budget

FG allocates N400 billion for roads and infrastructure in 2023 supplementary budget

by Caleb Obiowo

In the recently approved 2023 supplementary budget, the federal government appropriated the sum of N400 billion for the construction of...

New Loans: We have budgetary approval for N1.7 trillion in new external borrowing-DMO

Public Debt

DMO opens FGN November savings bonds at 13.4% interest rate

by Aghogho Udi

The Debt Management Office (DMO) has initiated the subscription process for two-year and three-year Federal Government of Nigeria bonds for...

President Tinubu must keep his campaign promise on Nigerian Crypto Industry

Improved Financial Intermediation seen as key to achieving Tinubu’s N1 trillion economy targets

by Cees Harmon

The quest by the Tinubu administration to revive the Nigerian economy and grow it to a $1 trillion GDP will...

All Share Index approach daily ALL TIME HIGH, now at 65,669.29 points

Nigeria tops list of African countries with the highest employee well-being with 69% – Report

by Cyrus Ademola

November 4, 2023

Nigeria has earned the 4th position in the world for holistic health in a recent survey on employees' well-being.

Coup: US suspends foreign aid programs to Gabon

“Biden to review Africa’s duty-free access to US market” – Antony Blinken

by Cyrus Ademola

November 4, 2023

The U.S. Secretary of State Antony Blinken has said that President Joe Biden will work with Congress to not only...

Agriculture

Food Insecurity: 26.5 million Nigerians to face hunger in 2024 – FAO

by Aghogho Udi

November 3, 2023

The Food and Agricultural Organisation has reported that around 26.5 million Nigerians are at risk of hunger in 2024.

Bolaji Balogun, Chapel Hill Denham Limited