Business

Post-Subsidy Gains: Investors Eyeing a Reformed Economy

Nigeria’s bold economic reforms—removal of fuel subsidies and unification of the exchange rate—have ignited investor optimism, signaling a transformative shift towards a more resilient and diversified economy. The unification of Nigeria’s exchange rate, eliminating the dual-window system, has enhanced transparency and liquidity in the foreign exchange market. This move has[Read More…]

Reserves Rebound: $364 Million Boosts Nigeria’s Forex Position – A Breath of Fresh Air for the Economy

In a welcome development for the Nigerian economy, the nation’s foreign exchange reserves have experienced a significant upswing, bolstered by a substantial $364 million increase. This positive movement, revealed in the latest figures released by the Central Bank of Nigeria (CBN), offers a potential respite from recent economic headwinds and[Read More…]

Post-Subsidy Gains: Investors Eyeing a Reformed Economy

Nigeria’s bold economic reforms—removal of fuel subsidies and unification of the exchange rate—have ignited investor optimism, signaling a transformative shift towards a more resilient and diversified economy. The unification of Nigeria’s exchange rate, eliminating the dual-window system, has enhanced transparency and liquidity in the foreign exchange market. This move has[Read More…]

FG Committed To Reducing Food Prices Through Agricultural Investments – Information Minister

The Minister of Information and National Orientation, Mohammed Idris, has reaffirmed the Federal Government’s commitment to lowering the cost of food commodities through massive investments in agricultural production. Idris stated this in Abuja at a press briefing to kick-start the Ministerial Briefing Session for 2025. He emphasized that while the[Read More…]