CBN surprises markets with another interest rate hike
The Central Bank of Nigeria raised its benchmark lending rate by 50 basis points to 27.25% on Tuesday, marking the fifth rate hike this...
Nigeria’s unemployment rate rises to 5.3% in Q1 2024
Nigeria's unemployment rate increased to 5.3% in the first quarter of 2024, up from 5.0% in the third quarter of 2023, according to the...
Tinubu claims Edo win shows Nigerians back APC’s painful economic policies
President Bola Tinubu, on Sunday, congratulated the All Progressives Congress (APC) candidate, Monday Okpebholo, for his victory in the Edo State governorship election.
In a...
Nigeria denies bond default after delay scare – but what if it happens?
The Nigerian government caused a scare after surprisingly delaying coupon payments on two savings bonds for the second time in two months.
As investors voiced...
Nigeria’s gold smuggling triples official production, study finds
Gold smuggled out of Nigeria is three times the country’s official recorded production, according to a recent study.
The study by SwissAid, a Swiss development...