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Browse Nigerian economy news, research and analysis from Local and international analysts. Follow Nigeria’s financial and monetary policies from Central Bank of Nigeria and other business And economic indicators

NGO recommends provision of infrastructures for 5 states

NGO recommends provision of infrastructures for 5 states Recommendation By Aderogba George Abuja, Sept. 15, 2020 Centre for Social Justice (CSJ), an NGO, has recommended as a matter of necessity, the provision of infrastructures for five states in Nigeria to better the lives and living conditions...

21 ships discharge petrol, other items at Lagos port

By Chiazo Ogbolu Lagos, Sept. 15, 2020 (NAN) The Nigerian Ports Authority (NPA) on Tuesday said that 21 ships at the Lagos ports were discharging petroleum products and foodstuff. The NPA made this known in its publication, `Shipping Position’, a copy of which was made available...

Maritime bank will develop African economy — Amaechi

By Chiazo Ogbolu Lagos, Sept. 15, 2020 Minister of Transportation, Mr Rotimi Amaechi, on Tuesday said that having a Regional Maritime Development Bank would help develop African economy. Amaechi disclosed this when he declared-open the meeting of Maritime Organisation of West and Central Africa (MOWCA) Committee...

Godwin Emefiele: Investors must take proactive steps to drive wealth creation in Nigeria’s economy.

By Lydia Ngwakwe Lagos, Sept. 15, 2020 Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN) on Tuesday, called on stakeholders in the banking and financial system to take up proactive steps in supporting growth and wealth creation of key sectors of the economy. Emefiele...

Security collapse in rural food producing states threatens Nigeria’s farmers as food scarcity looms, inflation spikes

(Bloomberg) -- Just before the start of crop planting in May, Abdullahi Hassan Wagini visited a neighbor’s farm in northern Nigeria to discuss how to prepare the fields. What happened next led him to abandon his livelihood of 25 years. As the two men were...

Key Insights to Nigeria’s annual inflation in August

  Consumer prices rose 13.2% in August from a year earlier Food inflation at 16% as floods, closed borders hit supply Inflation has been above the central bank’s target range of 6% to 9% for...

Nigeria becomes second-largest shareholder in Shelter Afrique after $9.4m investment

The Federal Government has committed $9.4 million to pan African housing development financier, Shelter Afrique (SHAF), which is owned by 44 African governments, African Development Bank (AFDB) and Africa Re. The contribution moves Nigeria to the second largest in the organisation with 14.77 percent of...

Nigeria’s central bank releases guidelines for solar connection intervention facility

The Central Bank of Nigeria (CBN) on Monday introduced the Solar Connection Intervention Facility to complement the Federal government’s effort of providing affordable electricity to rural dwellers through the provision of long term low interest credit facilities to the Nigeria Electrification Project (NEP) pre-qualified...

COVID-19: Financial expert urges CBN to support banks

By KadiriI Abdulrahan Abuja, Sept.13, 2020 A financial expert, Mr Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN) to increase support for commercial banks to address the impact of COVID-19 pandemic on the sector. Unegbu, a past President of Chattered Institute of Bankers of...

Chevron invests N4.3bn to boost agriculture in 2019 – Report

By Solomon Asowata Lagos, Sept. 14, 2020 Chevron Nigeria Limited invested N4.3 billion through its Partnership Initiatives in the Niger Delta (PIND) to boost agriculture in the oil rich region in 2019. The oil company disclosed this in its 2019 Corporate Responsibility Report obtained by the...
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