Naira shows stability in official market, maintains N1,550/$ bandwidth
The Nigerian naira remained stable in the official market during the second trading session of the week, as demand for the US dollar eased. According to data from the Central
Driving Growth: Nigeria’s $1trn economy achievable with key policies
Nigeria has set an ambitious goal to build a $1 trillion economy by 2030, a vision deemed achievable if decisive policies are implemented within the next three years. Financial analyst
Nigeria’s Forex Inflows Surge in Q2 2024 Amid Currency Pressures
Nigeria experienced a significant boost in its net foreign exchange (forex) inflows in the second quarter of 2024, a positive development amid ongoing currency depreciation pressures. According to data from
Naira appreciates by 0.07% against dollar in Official Market
The Nigerian naira showed notable strength at the official foreign exchange market the previous week, closing at N1,600 per US dollar. This gain represents an improvement of N1.20 or 0.07%
IMF Projects Slower Economic Growth for Nigeria in 2024
The International Monetary Fund (IMF) has adjusted its economic forecast for Nigeria, predicting a slowdown in the country’s economic growth for 2024. In its latest World Economic Outlook report, released
Nigeria’s Foreign Reserves Rise by 12.74%: A Promising Outlook for Economic Stability
In a significant development for Nigeria’s economy, Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), recently announced a 12.74% increase in the nation’s foreign reserves, which now
Foreign Investments in Nigerian Equities Surge to $150 Million in Q2 2024
Foreign investments in Nigeria’s equities market reached $150 million in the second quarter of 2024 (Q2 2024), a remarkable 204% increase from the $49.4 million recorded in the first quarter
US and UK Celebrate Nigeria’s 64th Independence Day Anniversary
On October 1st, Nigeria marked its 64th Independence Day anniversary, a momentous occasion celebrated not only within the West African nation but also across the globe. Notably, the United States
Federal Government’s Infrastructure and Security Fund: N900bn Saved Over Nine Months
Between November 2023 and July 2024, the Federal Government of Nigeria has successfully saved a total of N900bn from its monthly revenue distributions, according to recent reports. This sum, which
Nigeria’s Financial Sector Thrives with 30% Growth in H1 2024: A New Economic Milestone
In an encouraging development for Nigeria’s economy, the Federal Government has reported that the financial sector experienced a remarkable growth of over 30% during the first half of 2024. This
Networking and Opportunities: How Postgraduate Programmes Influence Professional Connections
Networking is increasingly vital for career and business success, especially for postgraduate students who are advancing their careers and expanding their expertise. In postgraduate programmes, networking plays a critical
IMF: Nigeria Must Sustain Economic Reforms To Turn The Corner
The International Monetary Fund (IMF) has advised the Nigerian government to sustain ongoing economic reforms for the country to get better and achieve the desired economic growth that will lift
