Business
Nigeria Spends $2.86 Billion on Foreign Debt Servicing in Eight Months
New figures from the Central Bank of Nigeria (CBN) have shown that Nigeria spent $2.86 billion on external debt servicing in the first eight months of 2025. This…
Finance
Business
African Nations Push to Add Value to Minerals, Curb Raw Exports
Mining Ministries from Zimbabwe, Nigeria, and the Democratic Republic of Congo (DRC) showcased measures driving the beneficiation of mineral resources during the Ministerial Forum held today at African…
Business
Nigerian Pension Funds Increase Foreign Investments Amid Currency Fluctuation
Closed Pension Fund Administrators (CPFAs) are raising their investments in foreign securities against the backdrop of sustained fluctuations in the exchange rate. The CPFAs increased their investments in…
Business
Nigeria Intensifies Seed Sector Reforms with OECD Support to Boost Food Security
Nigeria is accelerating reforms in its agricultural seed sector to enhance food security, improve export competitiveness, and ensure farmers have reliable access to high-quality seeds. This effort coincides…
Business
Nigeria’s Agricultural Trade Surplus Narrows Sharply as Imports Surge
Nigeria maintained an agricultural trade surplus in the second quarter of 2025, but the margin shrank dramatically as export earnings fell and import costs rose, according to the…
Business
NEITI Launches Reform Agenda to Transform Nigeria’s Solid Minerals Sector
The Nigeria Extractive Industries Transparency Initiative (NEITI) has launched a decisive reform agenda aimed at transforming the country’s solid minerals sector into a major driver of economic diversification,…
Business
Nigeria and China to Deepen Trade Ties at 2025 China Commodities Expo in Lagos
Nigeria and China are set to strengthen their economic partnership through the 2025 China Commodities Expo, scheduled for November 5-7 in Lagos. The event, organized by China’s Ministry…
Business
FIRS Chief Touts Tinubu’s Reforms for Boosting Revenue, Easing Business Taxes
In a recent interview, the Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, highlighted significant achievements under his two-year leadership, crediting President Bola Tinubu’s economic…
Business
Nigeria, South Africa Poised for FATF Grey List Exit in Major Investor Confidence Boost
Africa’s two largest economies, Nigeria and South Africa, are on the verge of a significant financial milestone as the Financial Action Task Force (FATF) considers removing them from…
Business
Financial Expert Advises Nigerians Earning N500,000 Monthly to Prioritize Investment Over Immediate Home Purchase
In a bold departure from conventional financial advice, a leading expert has suggested that Nigerians earning a monthly salary of N500,000 should shelve the immediate goal of buying…