Nigeria Raises Interest Rate to 27.50% Amid Inflationary Pressures
November 26, 2024 – The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 27.50%, marking a 25 basis point rise from the previous rate of…
The Manufacturing Sector’s 90.11% GDP Growth Decline: Challenges and Pathways to Recovery
Nigeria’s manufacturing sector has faced a staggering 90.11% decline in GDP growth for Q3 2024, signaling a critical juncture for one of the nation’s economic pillars. This unprecedented contraction has…
Nigeria’s Broadband Revolution: Targeting 70% Penetration by 2025
In an era where connectivity defines progress, Nigeria is making ambitious strides to bridge its digital divide. With the goal of achieving 70% broadband penetration by 2025 as outlined in…
Demystifying Stock Market Jargon: A Beginner’s Guide to Financial Freedom in Nigeria
The Nigerian stock market is a goldmine of opportunities for savvy investors, but for beginners, it can seem like an intimidating maze filled with jargon. Words like dividends, earnings per…
What Is the Stock Market and How Does It Work in Nigeria?
Investing in the stock market is one of the most effective ways to grow your wealth and participate in the economy. For beginners in Nigeria, understanding how the stock market…
This Week in Nigerian Markets: Key Developments to Watch
As November ends, Nigerian investors are bracing for a week that could shape market sentiment heading into December. Persistent inflationary pressures, shifting foreign exchange dynamics, and potential corporate and policy…
What Are Economic Cycles, and How Do They Affect Stocks?
Economic cycles, also known as business cycles, are the natural fluctuations in economic activity over time. These cycles consist of four distinct phases: Expansion, Peak, Contraction (Recession), and Trough (Recovery).…
How Privatization Drives Economic Efficiency in Nigeria
Privatization, the process of transferring ownership of state-owned enterprises (SOEs) to private entities, has been central to Nigeria’s economic reforms. By addressing inefficiencies in government operations and introducing market-driven dynamics,…
How Foreign Direct Investment (FDI) Boosts Economic Growth in Nigeria
Foreign Direct Investment (FDI) is a key driver of economic growth in developing economies like Nigeria. By injecting capital into various sectors, FDI enhances infrastructure, creates jobs, and fosters innovation.…
How Forex Policies Affect Import-Dependent Sectors in Nigeria
Forex (foreign exchange) policies are a cornerstone of Nigeria’s economic framework, directly shaping the performance of key industries. Import-dependent sectors like manufacturing, retail, and technology are particularly sensitive to these…