ECONOMY

Nigeria’s external debt service bill hits $2.01 billion in four months, gulps 77% of foreign payments 

PMS prices surge by 76.73% year-on-year in April 2025, South East residents paid N1,341.71 – NBS 

Rising demand for gold, minerals fuelling corruption, instability in Africa, others – UN 

CBN observes significant progress in N500 billion bank recapitalization exercise  

Currency volatility now below 0.5% as FX market stabilises – Cardoso 

CBN retains MPR at 27.5%, keeps CRR at 50%, liquidity ratio at 30% 

Wale Edun: Nigeria’s capital market key to achieving $1 trillion economy by 2030   

China to establish electric vehicle factories in Nigeria  

Development Bank of Nigeria to expand SME loans portfolio to N1.8 trillion 

Nigeria is ready to deepen trade, investment ties with U.S.– Envoy