State Debt Rises by N94.79bn in Three Months
Nigeria's 36 states and FCT saw domestic debt rise to N3.96tn in Q2 2025. Experts warn of a structural crisis as debt servicing eats into funds for health and education. Read the full analysis.
Category : Economy
CBN Pumps $150M to Defend Naira Amid Forex Crunch
The Central Bank of Nigeria intervened with $150 million to support the naira after a sharp 50% drop in weekly FX inflows. The move led to a slight appreciation of the currency and a marginal rise in external reserves. Read the full analysis.
LCCI: N15.52tr Debt Service a Huge Fiscal Burden
LCCI warns Nigeria's N15.52 trillion debt service allocation threatens economic stability. DG Chinyere Almona calls for stricter borrowing, revenue mobilisation. Read the full analysis.
N2.7 Trillion Spent on External Debt Service in Q2 2025
Nigeria's debt burden deepens as 45.2% of Q2 2025 revenue goes to servicing external loans. Experts warn of fiscal risks and crowding out of critical spending. Read the full analysis.
Nigeria's Q2 2025 External Debt Service Hits N2.70tr
Nigeria's external debt service consumed 45.2% of Q2 2025 revenue, as total public debt stock rises to N152.40 trillion. Experts warn of exchange-rate risks and financing conditions.
Cheaper Fuel Fuels Abuja's Thriving Christmas Economy
Abuja's Christmas economy thrives as fuel prices drop to ₦743 per litre, boosting local spending, market stability, and leisure activities. Discover how residents are celebrating differently this year.
Naira Gains Against Dollar, Experts Predict 2026 Rate
The Naira extended its gains against the US dollar, reaching N1,449.99/$1 in the official market. Analysts from SBM Intelligence and Citibank provide contrasting forecasts for the currency's exchange rate in 2026.
NRC Records Heavy Turnout for 50% Yuletide Train Discount
Nigerian Railway Corporation reports surge in passengers as federal government's 50% festive season fare discount takes effect from Dec 23 to Jan 4. Enhanced safety measures deployed.
Naira to Trade N1,470-N1,520/$1 in 2026, Say Experts
Economic analysts forecast a stable naira exchange rate in 2026, with the CBN prioritizing market confidence and reduced volatility over aggressive appreciation. Key projections and government expectations revealed.
Egypt's High-Speed Rail to Connect Red Sea & Mediterranean
Egypt begins construction on a 660km high-speed train linking the Red Sea to the Mediterranean, set for 2028 completion. Dubbed a 'Suez Canal on rails,' it aims to transform transport and ease Cairo's congestion. Read more.
DMO Issues Fresh Warning to States Over Borrowing Rules
The Debt Management Office urges state governments to strictly comply with borrowing laws to avoid loan approval delays. Learn the key guidelines for responsible debt management.
CBN Intervention Boosts Naira, Dollar Rate Improves
The Nigerian naira staged a strong recovery on Monday after the Central Bank sold $150 million to dealers. The official rate appreciated to ₦1,456.56 per dollar, easing short-term pressure. Read the full analysis.
US Q3 GDP Grows 3.2%, AI Investment Fuels Momentum
The US economy posted solid 3.2% growth in Q3 2025, driven by AI investment. The delayed data shows resilience despite labour market concerns and Fed rate cuts. Read more.
Brazilian Right Wing Boycotts Havaianas Over Political Ad
Brazil's right wing urges boycott of iconic Havaianas flip-flops after an ad featuring left-wing actress Fernanda Torres. The political clash threatens jobs ahead of the 2026 elections.
Nigeria exits FATF grey list, records N6.69tr trade surplus
Nigeria achieves major economic milestones: removal from FATF grey list and a N6.69 trillion trade surplus in Q3 2025. This boosts investor confidence and global standing. Read the full details.
Naira Falls, FX Reserves See First Decline in Over 2 Months
The Naira weakened by N10 against the dollar last week as Nigeria's external reserves halted their upward trend. Get the latest on exchange rates and CBN's outlook for 2026.
Nigeria's Billions at Risk from Outdated Influencer Strategy
Nigeria's digital ad spend hit $340M in 2025, but brands risk wasting billions in 2026 by clinging to outdated influencer tactics. Learn why trust, not star power, is now key to success.
Swiss Court Admits Climate Case Against Cement Giant
A Swiss court will hear a landmark case where Indonesian islanders sue Holcim for climate damage. This pivotal lawsuit could set a precedent for holding corporations accountable globally.
Why Africa's Green Transition Needs a Development Focus
A new report warns Africa's climate strategy must combine debt relief with low-carbon growth to ensure the green transition delivers real development dividends, not just emissions cuts.
NSIA's 2025 Review: $3B Assets, Key Projects
Nigeria's Sovereign Wealth Fund, NSIA, surpasses $3 billion in assets in 2025, launching major projects in healthcare, renewable energy, and tech innovation. Read the full review of a year of progress.
CBN Projects Naira Stability, Lower Borrowing Costs for 2026
The Central Bank of Nigeria's latest survey reveals businesses expect naira stability and lower borrowing rates into 2026, despite ongoing challenges like insecurity and high taxes. Read the full report.
Private Sector Joins Push for Stability in Nigeria
Key Nigerian private sector actors unite with civil society to design market-driven strategies for economic resilience and preventing violent extremism in fragile states. Discover the innovative plans.
Naira Suffers Sharpest Fall Amid Deepening Dollar Scarcity
The Nigerian naira recorded its steepest depreciation in weeks, falling to N1,469.90 per dollar despite CBN interventions. Discover the causes and market outlook.
China's Rare Earths Mining Boom in Jiangxi Province
Explore how China's secretive rare earth mining in Jiangxi fuels global tech and defense, shaping trade wars and forcing EU and US to seek alternatives. Discover the strategic power buried in red soil.
How the Average Nigerian Makes a Living
Discover how most Nigerians survive through multiple income streams, informal jobs, and creative hustle. Learn about real salaries, from ₦70K minimum wage to MTN's high pay.
Nigeria's instability due to policy discontinuity - Expert
Chikatara Mbonu blames Nigeria's recurring crises on duplicated policies, inconsistent reforms, and lack of a long-term national development plan. Learn the solutions proposed.
Nigerian Youths Can Borrow Up to N5 Million via FG's YouthCred
The Federal Government has opened a portal for Nigerian youths aged 18-39 to access loans up to N5 million under the new YouthCred scheme. Apply now for flexible, low-interest credit to boost your business or career.
Fed's Williams Sees No Urgency for Further Rate Cuts
New York Fed President John Williams says recent US inflation data was distorted by a government shutdown and Black Friday sales, advising patience on further interest rate cuts. Get the full analysis.
Naira Depreciates as Dollar Demand Outpaces CBN Supply
The Nigerian naira weakened further at the official forex market, trading at ₦1,457.84 per dollar. Analysts cite weak inflows and high demand, but remain hopeful due to strong external reserves.
Nigeria's Economy to Grow 4.2% in 2026 - Economist
A PwC Nigeria economist forecasts 4.2% economic growth for Nigeria in 2026, driven by reforms and key sectors, but warns of risks like insecurity and inflation. Read the full analysis.
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