At a private investor forum hosted by the CBN in New York, foreign investors praised Nigeria’s reform progress but raised concerns over oil dependence and regulatory costs.
Solape Akinpelu, founder of Nigerian fintech platform HerVest, has won the 2025 Aurora Tech Award, securing $30,000 in funding and global recognition for her work empowering African women through financial inclusion.
J.P. Morgan has advised investors to reduce exposure to Nigerian assets, citing increased macroeconomic risks from falling oil prices and global trade tensions. The bank’s latest report warns of currency pressure and potential capital flight if conditions worsen.
Nigeria’s top corporates—including MTN, Dangote, Nestlé, and BUA—lost a staggering N2.17 trillion to forex pressures in 2024, as naira devaluation redefined bottom-line performance across key sectors.
Wema Bank has delivered its highest financial performance in five years, recording N433.43 billion in gross earnings and N102.5 billion in pre-tax profit for 2024. A mix of strong loan growth, smart investments, and digital banking innovation fueled this milestone year.
Central Bank of Nigeria (CBN) has attributed the $2.57 billion drop in FX reserves during Q1 2025 to foreign debt servicing. Despite the decline, the bank projects a recovery in the coming months.
Trump's latest tariff policy imposes a 14% duty on Nigerian exports, citing Nigeria’s 27% tariff on U.S. goods. The decision is part of a sweeping trade overhaul affecting over 50 countries, with major implications for global commerce and Africa’s trade relations with the U.S.
The World Bank has approved $1.08 billion in concessional financing to enhance education, nutrition, and economic resilience in Nigeria. The funds will support three key programs: HOPE-EDU for education reforms, ANRIN 2.0 for maternal and child nutrition, and NG-CARES for economic recovery efforts. These initiatives will benefit millions of Nigerians, improving school systems, tackling malnutrition, and providing financial aid to vulnerable communities. This investment underscores the importance of human capital development in shaping Nigeria’s future.
Investor interest in FGN bonds stayed high despite a decline in offer volumes, with total subscriptions reaching N2.83 trillion in Q1 2025. The government's cautious borrowing strategy reflects efforts to manage debt amid rising interest rates.
Tony Elumelu, a leading advocate for African entrepreneurship, has been appointed to the IMF Advisory Council on Entrepreneurship and Growth. His inclusion underscores the importance of private sector-led development in shaping global economic policies.