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Economy & Finance

UNDP

Researchers, Experts Propose Strategies for Africa’s Development Challenges

At the African Economic Conference 2024, experts proposed strategies for addressing Africa’s development challenges, emphasizing ...
  • 26 November 2024
  • Africa
Nigeria GDP

Nigeria’s GDP Grows by 3.46% in Q3 2024, Driven by Non-Oil Sectors

Nigeria’s GDP grew by 3.46% in Q3 2024, driven by the services sector, while the ...
  • 25 November 2024
  • Business
Bank of Africa

AfDB Grants €15 Million Guarantee to Bank of Africa Benin to Boost Local Businesses

The African Development Bank grants a €15 million guarantee to Bank of Africa Benin, supporting ...
  • 23 November 2024
  • Benin
Bond yield

Nigeria’s Seven-Year Bond Yield Reaches Record High

Nigeria’s seven-year bond yield reaches a record 17.48%, driven by rising inflation, fiscal pressures, and ...
  • 21 November 2024
  • Business
$32M Discrepancy

World Bank Uncovers $32M Discrepancy in Nigeria’s Water Sector

The World Bank uncovers a $32M discrepancy in Nigeria’s water sector projects, prompting calls for ...
  • 18 November 2024
  • Economy & Finance
Capital Raise

FBN Holdings Approves Capital Raise and Dividend Amid Brand Transition

FBN Holdings shareholders approve N350 billion capital raise, N14.36 billion dividend, and First Bank’s rebranding ...
  • 18 November 2024
  • Business
Nigeria's Inflation Rate Climbs to 33.88% Amid Soaring Energy Costs

Nigeria’s Inflation Rate Climbs to 33.88% Amid Soaring Energy Costs

Nigeria's inflation rate hits 33.88% in October, driven by soaring energy costs and structural inefficiencies, ...
  • 17 November 2024
  • Business
Foreign Debt

Nigeria Spends $3.5 Billion on Foreign Debt Servicing in Nine Months, Economists Raise Concerns

Nigeria spends $3.5 billion on foreign debt servicing in nine months, raising concerns among economists ...
  • 15 November 2024
  • Business
Naira Depreciation

Naira Depreciation and Economic Concerns Cause 3.2 Point Drop in Firms’ Confidence – CBN Report

The Central Bank of Nigeria (CBN) reports a 3.2-point drop in firms' confidence in the ...
  • 13 November 2024
  • Business
Undeclared Dollar Holdings

Nigerian Government Offers 9-Month Amnesty for Undeclared Dollar Holdings Amid Forex Crisis

In a bid to stabilize Nigeria’s foreign exchange market, the Federal Government has announced a ...

  • 1 November 2024
  • Business
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Latest News

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Former Boko Haram Members De-radicalised

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Muhammed Salah signs new contract
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Today in History

April 20th is the day in 1884 that Pope Leo XIII publishes the encyclical Humanum Genus.

Exchange Rate Per Dollar

AM Armenian Dram390.2732
GH Ghana Cedi15.4417
GM Gambian Dalasi72.1572
GN Guinea Franc8,650.09
NG Nigerian Naira₦1,603.18
CF CFA Franc BEAC575.6047
20 Apr · CurrencyRate · USD
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