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4 days ago | 
reuters.com | Elisha Bala-Gbogbo
A drone view of The Abuja City Gate, monument that acts as a ceremonial entrance to the new capital, in Abuja, Nigeria, May 10, 2025. REUTERS/Sodiq Adelakun/File Photo ABUJA, May 12 (Reuters) - Nigeria's economy recorded its fastest growth in about a decade in 2024, driven by a strong fourth quarter and an improved fiscal position, the World Bank said on Monday, but warned that persistently high inflation remains a challenge.
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3 weeks ago | 
today.westlaw.com | Elisha Bala-Gbogbo |Camillus Eboh
ABUJA (Reuters) -A $220 million fine against Meta Platforms by Nigeria's competition watchdog for violating local consumer, data protection and privacy laws has been upheld following an unsuccessful appeal, Nigeria's Competition and Consumer...
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1 month ago | 
kfgo.com | Elisha Bala-Gbogbo
By Elisha Bala-GbogboABUJA (Reuters) – Nigeria’s headline consumer inflation edged up to 24.23% year-on-year in March from 23.18% in February, its statistics agency said on Tuesday. A report by the National Bureau of Statistics showed price rises for food and non-alcoholic beverages were the biggest contributor to annual inflation.
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1 month ago | 
marketscreener.com | Elisha Bala-Gbogbo
ABUJA (Reuters) - Nigeria's headline consumer inflation edged up to 24.23% year-on-year in March from 23.18% in February, its statistics agency said on Tuesday. A report by the National Bureau of Statistics showed price rises for food and non-alcoholic beverages were the biggest contributor to annual inflation.
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1 month ago | 
in.marketscreener.com | Elisha Bala-Gbogbo
ABUJA (Reuters) - Nigeria recorded a balance of payments surplus of $6.83 billion in 2024, driven by the impact of reforms, a stronger trade performance, and renewed investor confidence in the economy, the Central Bank of Nigeria said on Monday. The balance of payment surplus compares with deficits of $3.34 billion in 2023 and $3.32 billion in 2022, the CBN reported in a statement.
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1 month ago | 
uk.marketscreener.com | Elisha Bala-Gbogbo |Camillus Eboh
ABUJA (Reuters) -Nigeria recorded a balance of payments surplus of $6.83 billion in 2024, driven by the impact of reforms, a stronger trade performance and renewed investor confidence in the economy, the Central Bank of Nigeria said on Monday. Since coming into office in 2023, President Bola Tinubu has ended costly petrol and electricity subsidies and twice devalued the naira currency to boost Nigeria's decade-long sluggish output.
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1 month ago | 
kfgo.com | Elisha Bala-Gbogbo
By Elisha Bala-GbogboABUJA (Reuters) – Nigeria’s net foreign exchange reserves stood at $23.11 billion at the end of 2024, their highest level in three years, the Central Bank of Nigeria said, signalling a major improvement in the country’s external financial position. The NFER, which adjusts gross reserves to account for near-term liabilities such as currency swaps and forward contracts, stood at just $3.99 billion at the end of 2023, the CBN said in a statement late on Tuesday.
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1 month ago | 
kelo.com | Elisha Bala-Gbogbo
By Elisha Bala-GbogboABUJA (Reuters) – Nigeria’s net foreign exchange reserves stood at $23.11 billion at the end of 2024, their highest level in three years, the Central Bank of Nigeria said, signalling a major improvement in the country’s external financial position. The NFER, which adjusts gross reserves to account for near-term liabilities such as currency swaps and forward contracts, stood at just $3.99 billion at the end of 2023, the CBN said in a statement late on Tuesday.
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1 month ago | 
gurutrade.com | Elisha Bala-Gbogbo |Kevin Liffey
ABUJA, April 2 (Reuters) - Nigeria's net foreign exchange reserves stood at $23.11 billion at the end of 2024, their highest level in three years, the Central Bank of Nigeria said, signalling a major improvement in the country's external financial position.
The NFER, which adjusts gross reserves to account for near-term liabilities such as currency swaps and forward contracts, stood at just $3.99 billion at the end of 2023, the CBN said in a statement late on Tuesday.
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1 month ago | 
marketscreener.com | Elisha Bala-Gbogbo
ABUJA (Reuters) - Nigeria's net foreign exchange reserves stood at $23.11 billion at the end of 2024, their highest level in three years, the Central Bank of Nigeria said, signalling a major improvement in the country's external financial position. The NFER, which adjusts gross reserves to account for near-term liabilities such as currency swaps and forward contracts, stood at just $3.99 billion at the end of 2023, the CBN said in a statement late on Tuesday.
