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Nigeria’s Central Bank has reduced its benchmark interest rate by 50 basis points to 27 percent, marking its first cut since 2020. The move shows growing confidence that inflation is easing and

Nigeria’s crude oil production has surged in recent months, reflecting stronger investor confidence and successful government reforms. Daily output now averages between 1.70 and 1.83 million barrels, a major improvement from earlier

Nigeria has earned a spot among the top five largest African economies by Gross Domestic Product (GDP) in the third quarter of 2025, according to a new report by BusinessDay. The economy

The Central Bank of Nigeria (CBN) has cleared over $7 billion in foreign exchange (FX) backlogs, a move designed to stabilize the naira and rebuild investor confidence. Governor Olayemi Cardoso announced the

The Central Bank of Nigeria (CBN) has introduced key reforms to stabilise the economy and rebuild investor confidence. Governor Olayemi Cardoso announced that these changes target single-digit inflation within the medium term.