Forex inflow rises 36.5% to $33.76bn in five months
By Elizabeth Adegbesan Nigeria’s net foreign exchange (forex) inflow rose by 36.5 percent year-on-year (YoY) to $33.76 billion in the first five months of 2026 (5M’26), from $24.72 billion in the corresponding period of 2025 (5M’25). The increase came amid ongoing efforts by the Central Bank of Nigeria (CBN) to deepen the foreign exchange market, […]
Setting Financial Goals for 2018
It is a new year and another great opportunity to get your financial situation in order and a key factor in doing that is to set financial goals. While setting these goals, here are some essential factors that should be considered:
NNPC to refurbish, double pipeline network in 10 years
The Nigerian National Petroleum Corporation, NNPC, yesterday announced plans to refurbish all its existing pipeline and also double the country’s pipeline network within the next 10 years.
MSMEs in Nigeria doubled over 2 years – Fidelity Bank MD
The number of Micro, Small and Medium Enterprises (MSMEs) operating in Nigeria doubled over two years between 2011 and 2013, from 17.9 million to 39 million.
TEF to train 1000 entrepreneurs in 2018
The Tony Elumelu Foundation (TEF) is set to provide 1,000 startups with training, mentorship and $5,000 in funding as it opens application for the 2018 edition of the Tony Elumelu Entrepreneurship Programme (TEEP).
Budget transparency: Nigeria ranks 90th in world, 23rd in Africa
Nigeria has been ranked 90th in the world and 23rd in Africa on budget transparency out of 115 countries globally and 38 African countries in the 2017 Open Budget Index (OBI) survey which was released yesterday.
