Naira strengthens to N1,337 as reserves hit $53.11bn, FX turnover slumps 49%
Nigeria’s external position has strengthened sharply as the naira appreciated to N1,337/$ on the official market while...
Finance & Economy
Moody’s boost cuts risk as Nigeria eyes investment-grade status
Nigeria’s improving economic fortunes have received a fresh vote of confidence from global markets, with...
Reserves hit $53bn high as naira strengthens to N1,343/$
Nigeria’s external reserves have crossed the $53 billion mark for the first time in...
CBN offers N700bn NTBs as investors eye higher 364-day rates
The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), will...
IMF tells Nigeria to deepen reforms as 70.8% of firms cite taxes
The International Monetary Fund (IMF) has urged Nigeria and other major African economies to deepen fiscal,...
Naira rallies as reserves hit record $52.66bn, dollar slides
Nigeria’s external reserves have surged $7.09 billion, or 15.6 per cent, to a record $52.66...
MOFI targets ₦100trn portfolio to fund Nigeria’s $1trn economy
The Ministry of Finance Incorporated (MOFI) is targeting a ₦100 trillion portfolio as part...
Group faults FG over secrecy surrounding $5bn Abu Dhabi deal
The Federal Government is facing renewed pressure to disclose more details of its $5...
Nigeria’s $1trn economy dream faces human capital crisis
Nigeria’s ambition to build a $1 trillion economy faces a major constraint in the quality of...
Treasury bill yields fall as investors chase Naira returns
Yields on Nigerian Treasury Bills (NTBs) eased slightly as investors increased purchases in the...
