Africa’s progress stalled by leaders who don’t understand economics – Obasanjo
Former President Olusegun Obasanjo has said the inability of many African leaders to grasp basic economic principles continues to hold...
Nigeria’s FDI drops by 19% to $250 million in Q1 2025 – CBN
Foreign direct investment (FDI) inflows into Nigeria declined by 19% to $250 million in Q1 2025, compared to $310 million...
Biased credit ratings raising borrowing costs in Africa – Yemi Kale
Group Chief Economist and Managing Director of Research and Trade Intelligence at the African Export-Import Bank (Afreximbank), Dr Yemi Kale,...
Average price of farm produce surges by 28.98% in five months
The National Bureau of Statistics (NBS) has reported a 28.98% rise in the average cost of farm produce between January...
SEC imposes three-year cooling-off for CEOs seeking chairman roles
The Securities and Exchange Commission (SEC) has introduced new governance measures aimed at enhancing corporate oversight and ensuring a distinct...
BNY Mellon, Standard Bank launch naira-denominated notes for global investors
Bank of New York Mellon Corp. (BNY Mellon), alongside Standard Bank Group Ltd., has launched global depositary notes backed by...
FAAC: FG, States, LGCs share N1.659 trillion May revenue
The Federation Account Allocation Committee (FAAC) has distributed a total of N1.659 trillion as Federation Account revenue for May 2025.
CBN says forbearance-affected banks under close supervision
The Central Bank of Nigeria (CBN) has confirmed that banks currently affected by forbearance measures are under close supervision.
Crude becomes Nigeria’s third largest import as local refineries seek foreign oil
Nigeria spent N1.19 trillion importing crude oil in the first quarter of 2025, making it the third most imported commodity...
Benue food inflation drops to 22% despite deadly attacks
Benue State recorded the most significant decline in food inflation nationwide in May 2025, falling to 22.0% year-on-year from 51.8%...
