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Nigeria Declares End to Economic Instability Vice President Kashim Shettima announced today that Nigeria has officially exited its phase of economic instability, marking what he described as a new era of recovery,

Policy Reforms Bring Growth Momentum Nigeria’s economy is showing renewed strength, according to the World Bank’s October 2025 Economic Update, which credits a mix of reforms for stabilizing key indicators. Yet despite

A Strategic Leap for Nigeria’s Oil Industry Nigeria has taken a significant step to modernize its oil export infrastructure by commissioning the FSO Cawthorne, its first fully Nigerian-owned Floating Storage and Offloading

Nigeria’s Central Bank Governor, Olayemi Cardoso, has announced a 0.5 percentage point reduction in the benchmark interest rate, bringing it down to 27%—the first rate cut in five years. The move follows

Nigeria Secures Second Tranche of AfDB Budget Loan The African Development Bank (AfDB) has confirmed plans to release $500 million in budget support to Nigeria in 2025. This funding forms part of

Nigeria Pursues $2.8 Billion to Plug Fiscal Gap Nigeria is taking decisive steps to strengthen its fiscal position by seeking $2.8 billion in new financing from international markets. The plan includes a

Talks Underway with China’s Exim Bank Nigeria is in talks with China’s Export-Import Bank for a $2 billion loan to build a new super grid. The project aims to reduce chronic power

Nigeria is in talks with China’s Export-Import Bank for a $2 billion loan to build a new super grid that is expected to reduce chronic power shortages which have long hindered economic

The African Development Bank (AfDB) will lend $500 million to Nigeria in 2025 as part of a $1 billion budget support program. The loan aims to strengthen fiscal reforms initiated by President

Nigeria has introduced a six-month ban on the export of raw shea nuts to encourage local processing and industrial growth. Vice President Kashim Shettima announced the policy, describing it as part of