Nigeria’s annual inflation rate rose to 24.2 percent in March 2025, the first increase since the National Bureau of Statistics (NBS) rebased its inflation data in...
President Bola Tinubu’s effort to drive economic reform through a proposed increase in the Value-Added Tax (VAT) has suffered a major blow following rejection by the...
Nigeria’s leading seaports, Apapa and Tin-Can Island, recorded a combined revenue of N1.1 trillion in the first quarter of 2025, according to data released by the...
Fitch Ratings has upgraded Nigeria’s long-term foreign-currency issuer default rating from ‘B-’ to ‘B’ with a stable outlook, citing recent policy reforms that have improved macroeconomic...
Fitch Ratings has projected that Nigeria’s external debt service obligations will rise to $5.2 billion in 2025 as the country continues to navigate mounting fiscal pressures...
The Minister of Power, Adebayo Adelabu, has linked the recent improvement in Nigeria’s power grid stability to the ongoing implementation of the Presidential Power Initiative spearheaded...
Afreximbank has officially commissioned the $120 million African Trade Centre in Abuja to reinforce Nigeria’s ambition to become a key trade and investment hub under the...
The Federal Government has commended APM Terminals for committing $500 million to expand port infrastructure and an additional $10 million to deploy advanced cargo scanning technology...
China’s Ministry of Finance has announced a sharp increase in tariffs on all goods imported from the United States raising duties to 125% effective April 12....
Egypt’s annual inflation rate rose to 13.6 percent in March 2024 from 12.8 percent in February, according to data released by the country’s statistics authority on...
