ECONOMY

The Federal Government is considering expanding the Mortgage Refinancing and Equity Investment Fund (MREIF) following what officials describe as a strong early showing. A source at the Ministry of Finance...

Nigeria is aiming to begin delivering natural gas to Abuja by July through the long-awaited Ajaokuta-Kaduna-Kano (AKK) pipeline, in what officials describe as a major step forward for the country’s...

The Central Bank of Nigeria (CBN) has dismissed as false a viral image circulating on social media that claims to show a newly introduced N5,000 banknote bearing the image of...

The U.S. dollar weakened sharply on Wednesday after a surprise ceasefire agreement between the United States and Iran eased geopolitical tensions and revived investor appetite for risk. The greenback fell...

Fuel prices in Nigeria have surged to record highs despite the full operation of the Dangote Petroleum Refinery, raising fresh concerns about the country’s energy security and exposure to global...

Capital inflows into Nigeria rose significantly in 2025, signaling renewed foreign investor interest in the country’s economy amid ongoing foreign exchange reforms and a more liberalized financial market. According to...

As the Middle East conflict disrupts global oil and gas supplies, China appears better prepared than most major economies to withstand the shock, thanks to years of strategic planning, massive...

The ongoing conflict involving Iran and its regional adversaries is beginning to ripple across Africa, raising concerns among economists and policymakers that disruptions to critical global shipping routes could trigger...

Nigeria’s net foreign exchange reserves rose sharply to $34.8 billion at the end of 2025, marking a significant recovery from $3.99 billion recorded two years earlier, the country’s central bank...

The US dollar dominated global currency markets today, Monday, 02 March 2026, as an escalating military conflict between the US, Israel, and Iran sent investors scrambling for "safe-haven" assets. The...