Negotiations between Nigeria and Saudi oil giant Aramco over a proposed $5 billion oil-backed loan are facing delays with banks expressing caution amid falling crude prices...
Nigeria’s importation of refined petroleum products has dropped significantly as Aliko Dangote’s $20 billion refinery continues to increase production capacity in 2025. For decades, Africa’s top...
Nigeria ranked as the second-highest contributor of long-term migrants to the United Kingdom in 2024, according to official figures released by the UK’s Office for National...
President of the African Development Bank (AfDB), Dr. Akinwumi Adesina has said Nigeria must adopt a bold and forward-looking economic strategy or risk remaining in a...
The World Bank has issued a stark warning that Nigeria’s poverty rate is projected to rise by 3.6 percent over the next five years. The country...
The Chairman of Transcorp Group, Tony Elumelu, has emphasized the need for the Federal Government of Nigeria to harness the electricity sector in order to build...
Nigeria recorded $20.93 billion in personal remittance inflows in 2024, according to new data released by the Central Bank of Nigeria (CBN). The figure represents a...
Nigeria’s trade relationship with the United States faces a new challenge following President Donald Trump’s imposition of a 14 percent tariff on all Nigerian exports to...
The World Bank has approved a $1.08 billion financing package for Nigeria to improve basic education, fight malnutrition, and strengthen community resilience programs. The funds are...
United States President Donald Trump has imposed new tariffs targeting Nigerian exports and other goods from countries with trade surpluses against the U.S. The announcement was...