Nigeria’s financial inclusion reaches 79% — EFInA
By Matthew Johnson The Enhancing Financial Inclusion and Advancement (EFInA) has released its ninth Access to Financial Services in Nigeria (A2F) Survey, showing that 79% of Nigerian adults use a financial product or service. Formal inclusion reached 73%, exceeding the 70% target under the National Financial Inclusion Strategy. EFInA’s Board Chair, Dr Agnes Olatokunbo Martins, […]
CBN’s rate cut buoys stock market to maintain positive momentum
By Peter Egwuatu The Nigerian stock market ended last week on a positive note, following the Central Bank of Nigeria, CBN’s Monetary Policy Committee, MPC’s cut in the Monetary Policy Rate, MPR by 50 basis points, bps. Consequently, the late-session gains on the final two trading days more than offset the weak outturns in the earlier […]
Nigeria, China trade hits $15.48bn in H1’25
The volume of trade between Nigeria and China increased by 34.7% to $15.48 billion between January and July 2025 (H1’25) compared to the same period in 2024 (H1’24). China’s Consul General in Lagos, Yan Yuqing, disclosed this during a reception to mark China’s 76th founding anniversary, Nigeria’s 64th independence anniversary, and the Mid-Autumn Festival. Yuqing revealed […]
Customs to tackle manufacturing bottlenecks with new One-Stop Platform
The Comptroller-General of Customs (CGC), Bashir Adewale Adeniyi, said that the Nigeria Customs Service (NCS) has developed a new one-stop trade platform aimed at fast-tracking clearance of goods. Adeniyi said the “One-Stop-Shop” trade platform is aimed at simplifying manufacturers’ interactions with customs and other regulatory agencies. According to him, the platform will drastically reduce bureaucracy, […]
Raw materials export escalates amid clamour for value addition
…Surges 159% to N1.87trn in H1’25 By Yinka Kolawole In spite of moves by the federal government mandating value addition before export, the value of raw materials exported from Nigeria rose drastically, year-on-year (y/y), by 159 percent to about N1.87 trillion in the first half of 2025 (H1’25) from N719.66 billion recorded in the corresponding period […]
UNGA: NGF, CCA, Cavista Holdings partner to drive foreign investment
Nigeria Governors Forum (NGF) Corporate Council on Nigeria (CCA) and Cavista Holdings have announced partnership during a Gala Night in New York, United States of America on the sidelines of the 80th Session of the United Nations General Assembly (UNGA), to drive foreign direct investment and end food insecurity in Nigeria.
