Economy

Economy

Here’s what you need to earn to own a car in Lagos

Wasiu Alli Jun 25, 2025

At 29, Tade Ogundiran, an analyst at a mid-sized investment bank in Lagos, dreams of owning his first car. After...

Economy

Africa needs to recognise its 9.6 million domestic workers as key economic drivers- ILO official

Ngozi Ekugo Jun 25, 2025

Fanfan Rwanyindo, Africa’s regional director, International Labour Organisation’s (ILO)  has called on African governments to view its 9.6 million domestic...

Economy

A tale of two currencies: Naira vs cedi

Hope Moses-Ashike Jun 24, 2025

The Ghanaian cedi may have earned the title of the world’s best-performing currency in 2025, according to Bloomberg data, but...

Economy

Reps approve N1.13tn 2025 Customs budget, orders end to ‘illegal’ levies by June 30

Godsgift Onyedinefu Jun 23, 2025

The House of Representatives Committee on Customs and Excise has approved the proposed N1.132 trillion budget for the Nigeria Customs...

Economy

Reforms key to unlocking market research industry potential - Experts

Ngozi Ekugo Jun 23, 2025

Adeyinka Aderoju, marketing research expert and consultant, Adeyinka Aderoju, has called for urgent reforms in Nigeria’s market research industry to...

Economy

WAES: Single visa, unified digital identity seen boosting regional trade, integration

BusinessDay Jun 21, 2025

Stakeholders on Friday in Abuja made strong recommendations for the adoption of single visa and unified identify systems to boost...

Economy

Naira ends week with gains despite slowing FX reserves

Wasiu Alli Jun 21, 2025

The Nigerian Naira has shown some recovery, ending the week on a positive note even though gross reserves declined for...

Economy

Why Ghana Cedi is Africa’s best performing currency in 2025

David Olujinmi Jun 20, 2025

In 2025, Ghana Cedis has appreciated by about 43 percent against the US Dollar to rank as the best-performing currency...

Economy

Sovereign Green Bond offer closes with N91.42bn subscriptions

Hope Moses-Ashike Jun 19, 2025

… Says reflecting strong investor confidence The Debt Management Office (DMO) on Thursday announced that the third Sovereign Green Bond...

Economy

FX reforms drive Nigerian banks’ net foreign assets to 10-yr high

Wasiu Alli Jun 19, 2025

Nigerian banks have regained their footing in the foreign exchange market, with net foreign assets (NFA) rising to the highest...

Economy

FAAC allocates N1.659trn to federal, state, local govts' in May

Onyinye Nwachukwu Jun 19, 2025

…VAT, CIT, import duties rise The Federation Account Allocation Committee (FAAC) disbursed a total of N1.659 trillion in revenue to...

Economy

FAAC: Nigeria shared N1.65trn revenue among three tiers of government in May

Oluwatosin Ogunjuyigbe Jun 19, 2025

According to an official statement released on Wednesday, Nigeria’s Federation Account Allocation Committee (FAAC) distributed N1.65 trillion amongst the federal,...

Economy

Private hospitals expand as FX reforms unlock capital

Wasiu Alli Jun 19, 2025

…but administrative bottlenecks need fixing Nigeria’s private healthcare sector is experiencing a revival, driven by recent foreign exchange reforms that...

Economy

Oil, war and the naira: Nigeria’s fragile balancing act

Muhammad Akanji Jun 18, 2025

…As missiles fly in the Middle East, the economic shockwaves are already hitting home. …The Middle East is the world’s...

Economy

Oil rally strengthens CBN’s bid for stable naira, FX reserves

Hope Moses-Ashike Jun 17, 2025

The recent surge in global oil prices is providing a much-needed boost to the Central Bank of Nigeria’s efforts to...