Nigeria Records $6.83 Billion Balance of Payment Surplus in 2024, Reversing Two-Year Deficit Streak
Nigeria recorded a $6.83 billion Balance of Payments surplus in 2024, driven by reforms, investor confidence and trade performance
Nigeria recorded a $6.83 billion Balance of Payments surplus in 2024, driven by reforms, investor confidence and trade performance
NLNG and BOI have unveiled a N1bn loan scheme for MSMEs to promote sustainability and economic growth.
The FG has said it is committed to reducing carbon footprint in aviation, urging support for greener fuel, sustainable airport practices.
AfDB president Adesina has praised Kaduna’s N74bn agriculture budget, saying the state is leading Nigeria’s agro-industrial transformation.
US imposed 14% tariffs on Nigeria’s goods as a response to import restrictions which impacted its agriculture, beverages, and consumer goods trade.
Air Peace has introduced new boarding policy prioritising military, special needs passengers, and business class for a smoother travel experience.
US stocks have rebounded strongly after days of turmoil, as European and Asian markets showed signs of stabilisation amid trade tensions.
Trade Minister Jumoke Oduwole has said Nigeria is targeting AfCFTA, women-led MSMEs in new export push strategy post US tariffs
Adesina has urged stronger collaboration between international financial centres and African markets to drive economic growth and sustainable development.
Afreximbank has committed $3 billion to finance intra-African oil product purchases, aiming to boost refining capacity and reduce imports.
Nigeria’s CNG initiative is eyeing $1 billion in investments by December, with $491 million already secured and deployed.
The AFDEIC 2025 conference will explore AI’s role in boosting Africa’s $180 billion digital economy, focusing on inclusivity.
Governor Adeleke will attend several investment summits in London, targeting global partnerships in infrastructure, culture to boost Osun’s economic transformation.
FAAN has introduced Orion 927DX scanners, ending controversial table checks and streamlining security at Nigerian international airports.
Nigeria’s Trade Minister Jumoke Oduwole has said Trump’s new tariffs will impact Nigeria’s annual $6bn exports to the US
The CBN has injected $197.71 million into the FX market to stabilise the naira, addressing falling oil prices, US tariffs.
NNPC has, in its major restructuring, appointed Roland Ewubare as COO, named Adesua Dozie Company Secretary and Chief Legal Officer.
Nigeria’s Petroleum Minister Lokpobiri has reaffirmmed commitment to Africa Energy Bank despite missing Q1 2025 deadline for launch.
Wood Mackenzie has warned that 101 refineries, representing 21% of global capacity, face shutdown risk due to rising carbon costs.
Nigerian banks have raised N2.4 trillion as SEC affirms the capital market’s strength in financing various sectors of the economy.
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