Category : Economy


Naira weakens to N1,456.72/$ as economy faces pressure

Naira depreciates by 0.98% to N1,456.72/$ amid dollar demand and structural challenges. Nigeria's foreign reserves rise to $44.12 billion despite oil price decline. Learn more about the economic outlook.

Naira loses N14.29 to dollar as trading week ends low

The Nigerian naira weakened significantly against the US dollar, closing at N1,456.72 despite rising foreign exchange reserves hitting a 7-year high. Get the latest market analysis and exchange rates.

Nigeria: Not a Third World Country, Data Reveals

Discover why Nigeria defies the outdated 'third world' classification. Explore economic data, development indicators, and Nigeria's true global standing in this comprehensive analysis.

COP30 Ends with Watered-Down Climate Deal

UN climate summit in Brazil concludes with diluted agreement on fossil fuels. EU accepts voluntary measures as developing nations demand more climate finance. Read the full analysis.

Naira Recovers Against Dollar as FX Reserves Soar

Naira strengthens against US dollar after recent decline, closing at N1,452.13. Nigeria's foreign reserves hit $46.7 billion, highest in 7 years. Traders expect continued volatility despite positive indicators.

Japan PM Takaichi defends $135bn stimulus package

Japanese Prime Minister Sanae Takaichi insists the $135 billion stimulus is fiscally responsible despite market concerns. Includes energy subsidies and tax cuts to combat inflation.

Lagos Raises ₦339bn in Record Bond Issuance

Lagos State makes history with Nigeria's first sub-national green bond, raising ₦339 billion in oversubscribed issuance that demonstrates strong global confidence in state economy.

EU Bans 'Sustainable' Label for Fossil Fuels

The EU moves to stop fossil fuel investments from being labelled 'sustainable'. Learn how this new three-tier system aims to combat greenwashing and protect investors.

Nigeria's Development Status: Facts and Figures

Comprehensive analysis reveals Nigeria remains a developing country with ₦1.2 million GDP per capita despite being Africa's largest economy. Learn key development indicators.

Memory Chip Crunch to Increase Gadget Prices

Shoppers face higher prices for phones and laptops as AI data centers consume memory chips. Experts warn of significant price increases through 2026. Learn how this affects Nigerian consumers.

Nigeria at Risk of Debt Crisis, Experts Warn

Financial experts warn Nigeria risks another debt crisis without urgent reforms. Learn about the critical measures needed to stabilize the economy and prevent financial distress.

China, Netherlands Resolve Nexperia Chip Dispute

The Netherlands suspends takeover of Chinese-owned Nexperia in goodwill gesture. China welcomes move as first step to resolve semiconductor supply chain tensions. Read latest developments.

German Rail Project Stuttgart 21 Faces New Delay

Germany's massive Stuttgart 21 rail project faces indefinite delays due to technical issues, with costs doubling to €11 billion. Discover the infrastructure challenges plaguing Europe's largest economy.

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