Month: September 2025

Top 10 contributors to Nigeria’s GDP in Q2 2025

Nigeria’s economy expanded by 4.23 percent year-on-year in the second quarter of 2025, its fastest pace in four years, according to the latest data released by the National Bureau of Statistics (NBS). The growth was powered largely by non-oil sectors, while the oil industry also recorded a rebound that supported the overall performance. Trade emerged …

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Nigeria’s Stock Market Attracts N1.3 Trillion in Foreign Investment in 7 Months

Nigeria’s stock market continues to draw strong attention from global investors, with foreign inflows reaching N1.3 trillion in just the first seven months of the year. This surge marks a renewed confidence in the country’s capital market, as international players seek opportunities in Africa’s largest economy despite global uncertainties. The latest report released by the …

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Boosting Financial Resilience: AfDB Invests $25 Million in Local Currency Risk Management

The African Development Bank has approved a fresh equity investment of twenty-five million US dollars into the Currency Exchange Fund (TCX), a specialized global initiative that provides risk-management solutions in emerging and frontier markets. This move is designed to strengthen Africa’s access to local currency financing, reduce dependence on dollar-denominated borrowing, and cushion borrowers against …

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Deutsche Partners Holding Participates in Record-Breaking Intra-African Trade Fair 2025

Deutsche Partners Holding (DPH) has announced its successful participation in the Intra-African Trade Fair 2025 (IATF2025), which concluded in Algiers, Algeria, yielding unprecedented outcomes that strengthen Africa’s economic integration agenda. From the centre is Peter Olowononi-Regional Head, and Ms. Gwen Mwaba, MD, Trade Finance. And Other Members of the South East Development Commission. The event, …

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Euro: Naira strengthens to N1,765/€, boosted by economic strain Of French

Market activity yesterday indicated that naira bulls continued to assert pressure, driving the EUR/NGN exchange rate down to N1,765 per euro. Political Tensions in France Weigh on the EuroFrance, the Eurozone’s second-largest economy, faces political turbulence after Prime Minister François Bayrou was ousted after just nine months in office. Despite the upheaval, President Emmanuel Macron’s …

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Germany, EU, and Nigeria Launch €18.3 Million Agriculture and Job Creation Initiative

In a landmark move aimed at transforming Nigeria’s agricultural sector and promoting sustainable economic growth, the Federal Government, in collaboration with Germany and the European Union (EU), has unveiled the €18.3 million EU-VACE TARED (Agriculture Value Chain Facility – Transformative Agricultural Systems for Rural Economic Development) project. This four-year initiative, running from October 2024 to …

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Union Bank of Nigeria Completes Merger with Titan Trust Bank

In a significant development in Nigeria’s financial sector, Union Bank of Nigeria has announced the successful completion of its merger with Titan Trust Bank Limited. The merger, which was approved by the Central Bank of Nigeria (CBN), marks a major milestone in the bank’s 108-year history. The merger, which began with the signing of a …

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