Nigeria’s external reserves have surged to $51.04 billion as of June 18, 2026, marking their highest level in 17 years and signaling renewed investor confidence and stronger foreign exchange inflows. According to Central Bank of Nigeria (CBN) data, reserves rose from $49.80 billion at the start of June to $51.04 […]
Nigeria’s Foreign Reserves Surge Amid Strategic Policy Reforms The Central Bank of Nigeria (CBN) has announced a remarkable increase in the country’s Net Foreign Exchange Reserve (NFER), marking the strongest position in over three years. As of the end of 2024, NFER surged to $23.11 billion, a significant jump from […]
Dangote Retains Top Spot as African Billionaire Fortunes Soar Four Nigerian business magnates—Aliko Dangote, Femi Otedola, Mike Adenuga, and Abdulsamad Rabiu—have been named in the 2025 Forbes Africa Billionaires List, solidifying Nigeria’s status as a key player in the continent’s economic landscape. Forbes released the much-anticipated list on Saturday, March […]
The Lagos State Government has taken a major step toward boosting infrastructure and economic growth by signing a Memorandum of Understanding (MoU) with Summa Group for the construction of the highly anticipated Lekki-Epe International Airport. Governor Babajide Sanwo-Olu announced the agreement via his official X handle, emphasizing the airport’s role […]
Lagos State Governor, Babajide Sanwo-Olu, has announced a historic step forward in the state’s transportation infrastructure with the signing of a Memorandum of Understanding (MoU) between Lagos State, the Ministry of Finance Incorporated (MOFI), and China Harbour Engineering Company (CHEC). This agreement will bring the ambitious 68km Green Line Metro […]
Nigeria’s 2024 budget has taken shape, with the Senate passing the N28.77 trillion spending plan after revisions and adjustments. This marks a significant increase from the N27.5 trillion initially proposed by President Bola Tinubu, reflecting inflation, infrastructure needs, and additional requests from government agencies. Key Highlights: Total Spending: N28.777 trillion authorized, […]
The Africa Investment Forum (AIF) has announced that Rugby Africa President Herbert Mensah will be a speaker at the upcoming forum. Mensah will be discussing the business of sport and its potential to contribute to Africa’s economic growth and development. The AIF is a leading investment conference that brings together […]
