Nigeria’s Gross Domestic Product (GDP) experienced a year-on-year growth of 3.19% in real terms during the second quarter of 2024. The GDP growth rate surpasses the...
The foreign exchange turnover in July stood at $7.39 billion at the official trading window for the Nigerian currency in July. The July figure which is...
About 700,000 manufacturers and micro, small and medium enterprises have expressed intention to become beneficiaries of the Federal Government’s N150bn loan to help businesses in Nigeria...
The Centre for the Promotion of Private Enterprise (CPPE) has warned Nigerian regulatory authorities to soft-pedal in discharging their duties lest they suffocate investors and manufacturers...
By Cowry Assets This week, we analyse the performance of Nigeria’s private sector in July, with rising cost pressures and a weakening economy taking a toll....
Nigeria’s Financial and Insurance sector grew from 10.1 per cent in 2021 to 31.2 per cent in the first quarter of 2024, according to the newly...
Between January and December 2024, Nigeria’s public debt profile may rise by a whooping N32.66 trillion to hit N130 trillion. This is as both federal and...
By Temitope Ajayi On Thursday in Abuja, Minister of Finance Mr Wale Edun addressed a press conference and gave a mid-year report on the economy. The...
President Bola Tinubu has allayed fears of manipulation by any interest group in the ongoing economic reforms, saying his campaign was self-sponsored, without strings, or indebtedness...
The Nigeria Customs Service, Muritala Muhammed Area Command (MMAC), generated N80.3 billion in the first half of the year. The area controller of MMAC, Michael Awe,...
The Senate and the House of Representatives on Tuesday speedily passed the National Minimum Wage Act 2019 (Amendment Bill). The bill, which scaled second and third...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the benchmark lending rate to 26.75%. The hike in the Monetary Policy...
Sophos, a global leader of innovative security solutions for defeating cyberattacks, today announced that Teresa Anania has joined the company as Chief Customer Officer (CCO). Anania...
The Minister of Information Mohammed Idris says the Federal Government and the leadership of the Organised Labour have agreed on N70,000 as the new minimum wage...
Nigeria’s inflation rate increased to 34.19% in June 2024, according to data released by the National Bureau of Statistics (NBS) on Monday, June 15, 2024. Looking...
By Cowry Assets Analysts This week, our analytical focus shifts towards the determinants of inflation in Nigeria, as economic agents anticipate the release of the June...
The Supreme Court has granted financial autonomy to the 774 local government councils in the country. In a landmark judgement on Thursday, the apex court ordered...
The Central Bank of Nigeria (CBN) has stepped forward to take credit for the slowing month-on-month inflation rate that sustained the third consecutive month in May....
Nigeria’s Total Public Debt has risen to N121. 67 trillion ($91. 46 billion) at the end of March this year. The figure represents an increase of...
Leaders of the G7, an informal association of seven of the world’s advanced economies and some of Nigeria’s biggest trading partners, have pledged a $420 million...