Business & Economy

Nigeria’s Economic Growth to Hit 3.6% in 2025, Says Afreximbank

Nigeria’s Economic Growth to Hit 3.6% in 2025, Says Afreximbank

Afreximbank has projected that Nigeria’s economic growth will accelerate from 3.0% in 2024 to 3.6% in 2025, supported by increased… Read More

2 weeks ago

Oil Prices Slip as Nigeria Hits OPEC’s 2025 Output Quota

Oil prices edged lower on Wednesday, pressured by signs of slowing global demand and increased crude supply from the Organization… Read More

2 weeks ago

Naira Rallies to ₦1,518.88/$, Testing the ₦1,500/$ threshold

The Nigerian naira rallied to a four-month high against the US dollar, buoyed by a Central Bank of Nigeria (CBN)… Read More

2 weeks ago

U.S. Inflation Rises in June Amid Tariff Pressures, Fueling Fed Caution on Rate Cuts

U.S. inflation ticked up in June, driven by early effects of tariff-related price pressures that are likely to keep the… Read More

2 weeks ago

Four Factors Fueling African Countries’ Strengthening of Gold Reserves

African countries are increasingly turning to the use of gold as an alternative reserve, leaving one to wonder what is… Read More

2 weeks ago

African Currencies Mid-2025 Performance Against the US Dollar: Key Trends and Insights

The first half of 2025 saw significant appreciation for several African currencies against the US dollar, with Ghana’s cedi topping… Read More

2 weeks ago

Geregu Power Plc Approves Q2 2025 Financials, Appoints Legal Veteran Andrew Gamble as Independent Director

Geregu Power Plc has announced key outcomes from its board meeting held on July 11, 2025, including the approval of… Read More

2 weeks ago

Nigeria-Morocco Gas Pipeline Project Makes Progress as Togo Officially Joins

The Nigeria-Morocco Gas Pipeline has made significant progress, following recent Technical and Steering Committee meetings held in Rabat, Moroco, on… Read More

2 weeks ago

IEA Cuts 2025 Global Oil Demand Forecast

The International Energy Agency (IEA) has revised its 2025 global oil demand growth forecast downward to 700,000 barrels per day… Read More

2 weeks ago

Naira Gains in Black Market, NFEM Rate Falls Amid Rising Dollar

The naira appreciated by N5 in the parallel market on Thursday, closing at N1,545 per dollar, an improvement from N1,550… Read More

2 weeks ago