Economy Archives - Businessday NG https://businessday.ng/category/business-economy/ Thu, 10 Jul 2025 03:59:46 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://cdn.businessday.ng/wp-content/uploads/2024/01/cropped-BD-logo-32x32.jpeg Economy Archives - Businessday NG https://businessday.ng/category/business-economy/ 32 32 Why naira posts surprise gains despite falling reserves https://businessday.ng/business-economy/article/why-naira-posts-surprise-gains-despite-falling-reserves/ https://businessday.ng/business-economy/article/why-naira-posts-surprise-gains-despite-falling-reserves/#respond Thu, 10 Jul 2025 02:58:30 +0000 https://businessday.ng/?p=996063

The naira has maintained remarkable stability despite the high-travel summer season, falling oil prices, and declining external reserves. Nigeria’s foreign

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]]> https://businessday.ng/business-economy/article/why-naira-posts-surprise-gains-despite-falling-reserves/feed/ 0 Rates to drive foreign portfolio investments to $16.08bn https://businessday.ng/business-economy/article/rates-to-drive-foreign-portfolio-investments-to-16-08bn/ https://businessday.ng/business-economy/article/rates-to-drive-foreign-portfolio-investments-to-16-08bn/#respond Thu, 10 Jul 2025 02:48:19 +0000 https://businessday.ng/?p=996058

Foreign Portfolio Investments (FPIs) into Nigeria are projected to hit its highest on record in 2025 as the Central Bank

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]]> https://businessday.ng/business-economy/article/rates-to-drive-foreign-portfolio-investments-to-16-08bn/feed/ 0 IMF commends FIRS for progress on tax reforms https://businessday.ng/business-economy/article/imf-commends-firs-for-progress-on-tax-reforms/ https://businessday.ng/business-economy/article/imf-commends-firs-for-progress-on-tax-reforms/#respond Wed, 09 Jul 2025 20:40:49 +0000 https://businessday.ng/?p=996021

The International Monetary Fund (IMF) has commended the Federal Inland Revenue Service (FIRS) for making “significant progress” in its core

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]]> https://businessday.ng/business-economy/article/imf-commends-firs-for-progress-on-tax-reforms/feed/ 0 Nigeria secures $747m syndicated loan for Lagos-Calabar coastal highway project https://businessday.ng/business-economy/article/nigeria-secures-747m-syndicated-loan-for-lagos-calabar-coastal-highway-project/ https://businessday.ng/business-economy/article/nigeria-secures-747m-syndicated-loan-for-lagos-calabar-coastal-highway-project/#respond Wed, 09 Jul 2025 20:28:15 +0000 https://businessday.ng/?p=996018

Nigeria has secured a $747 million syndicated loan to finance Phase 1 Section 1 of the Lagos-Calabar Coastal Highway, a

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]]> https://businessday.ng/business-economy/article/nigeria-secures-747m-syndicated-loan-for-lagos-calabar-coastal-highway-project/feed/ 0 World Bank places Nigeria behind Libya, Gabon in income rankings https://businessday.ng/news/article/world-bank-places-nigeria-behind-libya-gabon-in-income-rankings/ https://businessday.ng/news/article/world-bank-places-nigeria-behind-libya-gabon-in-income-rankings/#respond Wed, 09 Jul 2025 18:08:42 +0000 https://businessday.ng/?p=995958

The World Bank has again ranked Nigeria among the Lower-Middle Income Economies (LMIEs), placing Africa’s top oil producer behind conflict-ridden

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