Nigeria records N6.9trn trade surplus in Q2 2024
Nigeria has reported a trade surplus of ₦6.95 trillion for the second quarter of 2024, according to the National Bureau of Statistics (NBS). This figure marks a 6.60% increase from
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
The Future of Higher Education in the UK: Embracing Digital Transformation
Higher education in the UK is at a critical juncture. As technological advancements, shifting demographics, economic pressures, and global competition reshape the sector, universities must make strategic changes to stay
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
Environmental sustainability: A pathway to sustainable prosperity in Africa.
Africa faces a growing challenge in managing its waste and natural resources sustainably. The traditional “take, make, and dispose” linear approach to production and consumption is proving inefficient, wasteful, and
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
The Growing Importance of Employability Skills in University Curriculum: Benefits and Trends
In today’s rapidly evolving world, universities face a critical challenge: equipping students with the skills and capabilities needed for lifelong success. With the landscape of work continuously changing, it is
