Nigeria’s Foreign Capital from US Investors Falls by 88% in Q4 2023
Decline in US Investment: Nigeria’s Foreign Capital Plummets by 88% in Q4 2023. In an unexpected turn of events, Nigeria experienced a significant 88% decline in foreign capital influx from the United States during the final quarter of 2023,…
10 Fastest Growing Sectors of the Nigerian Economy in 2023
Top 10 Fastest Growing Sectors Driving Nigeria’s Economy in 2023. In 2023, Nigeria’s economy saw notable growth, with the Gross Domestic Product (GDP) expanding by 2.74% throughout the year, as reported by the National Bureau of Statistics. Although this…
FG to Audit the N22.7 trillion Ways and Means Loan Approved by Former President Buhari
Federal Government Set to Audit N22.7 Trillion Ways and Means Loan Approved Under Former President Buhari’s Administration. The Federal Government has taken steps to audit the N22.7 trillion Ways and Means loan endorsed during the tenure of former President…
Nigeria’s Foreign Reserves Drop to Record Low, Fall to $24bn in 2024 – IMF
Nigeria’s Foreign Reserves Hit All-Time Low at $24 Billion in 2024, IMF Reports. In its latest update, the International Monetary Fund (IMF) has highlighted Nigeria’s concerning decline in foreign reserves, plummeting to a record low of $24 billion in…
Nigerian Treasury Bills Rate Jumps to 19% Per Annum as CBN Targets Exchange Rate Stability
Nigerian Treasury Bills Rate Surges to 19% Annually in CBN’s Bid for Exchange Rate Stability. In a significant move indicative of a shift towards a more stringent monetary policy, the stop rates for Nigerian Treasury Bills (TBs) have soared…
Nigeria’s Money Supply Reaches Record N78.74 Trillion in December 2023
Nigeria’s Money Supply Reaches Record N78.74 Trillion in December 2023 In December 2023, Nigeria witnessed a historic high in its broad money supply, soaring to N78.74 trillion, marking a substantial year-on-year increase of 51% from the N52.16 trillion recorded in…
eNaira: All You Need To Know.
eNaira: All You Need To Know. eNaira is Nigeria’s New digital currency. The unveiling of the eNaira on October 1st is the country’s independent day was not possible. So, as a result of the many activities that took place that…