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Nigeria’s passenger car imports fell 14.2% in 2024 due to volatile exchange rates and soaring inflation. The naira depreciated by 40.9% against the dollar, and customs duties rose sharply, affecting …
Decline in Nigeria’s Car Imports Driven by Economic Challenges in 2024 Read More
KPMG calls for Nigerian banks to adopt blockchain and partner with crypto firms to exploit digital finance opportunities. The March 2025 report highlights Nigeria’s resilience in crypto despite a previous …
KPMG Advocates Blockchain Adoption and Crypto Partnerships for Nigerian Banks Read More
Nigeria’s debt service payments dropped to $276 million in February 2025, a significant decline from $540 million in January. This reduction is attributed to government efforts in restructuring debt and …
Nigeria’s February 2025 Debt Service Payments Decline Significantly Read More
Nigeria’s inflation rate decreased to 23.18% in February 2025, down from 24.48% in January, aided by lower petrol costs and a stable naira. Analysts predict possible acceleration in inflation beginning …
Nigeria’s Inflation Rate Declines in February 2025 Due to Stable Naira and Fuel Prices Read More
In February 2025, Nigeria’s inflation reached 23.1%, driven by rising transport and food costs. This increase could prompt discussions on another interest rate hike at the Monetary Policy Committee meeting. …
Nigeria’s Inflation Rate Reaches 23.1% Amid Economic Adjustments Read More
This article outlines significant business stories in Nigeria for the week of March 17-21. Key highlights include the approval of tax reform bills by the House of Representatives, the CBN’s …
Key Business Developments in Nigeria: March 17-21 2023 Read More
Mr. Olayinka Odutola of the AERMP predicts a declining inflation rate and economic growth for Nigeria by 2025. He attributes this to government reforms, which have positively impacted food prices …
Risk Expert Foresees Economic Growth in Nigeria Amid Global Challenges Read More
The AERMP predicts Nigeria’s economy will boom by 2025, attributing anticipated growth to governmental reforms and reduced inflation. Olayinka Odutola emphasized the drop in food prices and better power generation …
AERMP Forecasts Nigeria’s Economic Growth by 2025 Amid Global Challenges Read More
The CBN reports Nigeria’s foreign debt service reached $5.47 billion from Jan 2024 to Feb 2025. Meanwhile, foreign exchange remittances increased by 1.3% YoY to $180.03 million in early 2025, …
CBN Reports on Nigeria’s Foreign Debt Service and Remittance Trends Read More
Iran’s Supreme Leader Ayatollah Ali Khamenei has rejected President Trump’s call to resume nuclear negotiations, potentially escalating military tensions. Concurrently, Israel has conducted airstrikes in Syria and is prepared for …
Iran Rejects Trump Nuclear Talks, Heightens Military Tensions, Israel Strikes Syria Read More