Economy

Latest Economy News

Nigeria Achieves $6.83 Billion Balance of Payments Surplus

The Central Bank of Nigeria (CBN) has announced a substantial economic recovery…

Oluwadara Akingbohungbe

Nigeria’s Personal Remittances Surge to $20.93 Billion in 2024, CBN Reports

The Central Bank of Nigeria (CBN) has announced that personal remittances into…

Genesis Obong

EU and Nigeria Partner to Revolutionize Fashion Industry with Circular Economy

The European Union, in partnership with the Federal Government of Nigeria, is…

Oluwadara Akingbohungbe

Naira Weakens Further to N1,629/$ in Official Market; Parallel Rate Hits N1,570/$

The Nigerian Naira experienced a further decline in value on Monday within…

Oluwadara Akingbohungbe

FG May Review Budget Amid US Tariff Hike

As part of effort to cushion the effect stemming from the United…

Oluwadara Akingbohungbe

PenCom Flags 26 States for Pension Non-Compliance, Workers at Risk

The National Pension Commission (PenCom) has issued a stern warning to 26…

Genesis Obong

Nigeria’s Debt Servicing Surges 68% to N13 Trillion, Fueling Economic Concerns

Nigeria's fiscal landscape is facing increasing strain as the nation's debt servicing…

Genesis Obong

Naira Plummets to N1,600: CBN Blames Global Economic Shifts, US Tariffs

The Nigerian naira has experienced a sharp decline, reaching approximately N1,600 to…

Genesis Obong