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A recent economic analysis comparing Nigeria and the UAE has led to misleading allegations of a $500 billion debt. This has sparked mixed reactions, with many attributing Nigeria's economic issues to poor leadership.
Eight organizations in Nigeria have been granted exemptions from Companies Income Tax, easing their financial burdens. This move is expected to encourage business growth and investment in the country.
Regulators are urging female manufacturers in Nigeria to enhance compliance with standards to improve their competitiveness. The initiative aims to empower women in the manufacturing sector and foster economic growth.
Africa's largest economies are increasingly competing for investment and trade opportunities. This shift marks a significant change in the continent's financial landscape.
"Overwhelmed by the troops’ speedy tactical manoeuvre, the terrorists were forced to abandon their mission and retreat in confusion across all locations." Goni stated. The post OPHK troops foil multiple terrorist infiltrations in Borno appeared first on Vanguard News.
Nigerian families and businesses are facing significant pressure due to rising cooking gas costs. A nationwide survey highlights the impact of global supply disruptions and domestic issues on Liquefied Petroleum Gas prices.
Auto manufacturers are warning that upcoming tariff changes in 2026 could jeopardize the domestic industry. They urge the Federal Government to implement strong industrial protection measures alongside fiscal policy reforms.
Nigerian stocks have outperformed South Korean stocks, becoming the top performers globally. This surge is attributed to a nearly four percent appreciation against the dollar, driven by stronger oil prices.
Diesel prices have significantly increased in major Nigerian cities, while petrol prices remain stable. This contrast raises concerns about the energy market dynamics in the country.
Nigeria's capital market has been positively impacted as S&P Dow Jones Indices includes the country in its 2027 Country Classification Watchlist. This move signals potential reclassification from a Standalone Market to a Frontier Market.
Kogi State is poised to become a global center for gemstone and jewelry manufacturing through investments in youth skills development. The state government aims to establish the Confluence State as a hub for this industry.
Nigeria's admission as an Association Country of the IEA presents new opportunities for energy investment and policy development. This move is expected to enhance the country's energy sector and attract foreign investments.
The Nigerian naira maintained a steady exchange rate against the US dollar on July 10, 2026. Traders are closely observing foreign exchange liquidity and demand.
Nigeria's solid minerals exports have surged to N354 billion in 2025, marking a significant increase from N117.29 billion in 2023. This growth reflects a robust trend in the mining sector, with projections indicating continued expansion.
The World Bank has maintained Nigeria's classification as a lower-middle-income economy for the 2027 fiscal year. This decision comes as the country continues its ongoing reforms.
Nigeria needs $38.3 billion to address funding shortfalls in its oil and gas sector. The government emphasizes that a financial reset in the power sector is crucial for restoring investor confidence.
Nigeria's federal deficit is increasing significantly due to extensive borrowing, raising concerns about the allocation of funds. President Bola Tinubu's removal of the fuel subsidy has intensified scrutiny over financial management.
• Supreme leader, Ayatollah Khamenei, laid to rest • Oil price eases over 2% despite escalation of conflict Emmanuel Addeh in Abuja The fragile ceasefire between the United States and
Nigeria has overtaken South Korea to become the world's leading stock market performer. This achievement highlights the impressive growth trajectory of the Nigerian stock market.
Nigeria's federal agencies are facing challenges in executing capital projects due to financial constraints, despite an increase in government revenues. Delayed cash releases are exacerbating the situation, hindering effective capital expenditure.
The NESG reports that business activities in manufacturing, agriculture, and trade expanded in June 2026, despite a slight decline in manufacturing scores. This indicates ongoing growth in these sectors, which is a positive sign for the economy.
The Nigerian stock market gained N961 billion due to increased buying interest in MTN Nigeria and 28 other firms. This trend reflects a positive investor sentiment across the bourse.
The APM party has urged the Tinubu administration to provide accountability for ₦20 trillion in subsidy funds. They cite increasing economic hardship and infrastructure deficits as reasons for their demand.
Uba Sani is focused on rebuilding Kaduna through infrastructure development, emphasizing its importance for economic prosperity. This approach aims to lay a solid foundation for the state's future growth.
Nigeria's solid minerals exports are projected to reach ₦354 billion by 2025, according to Hajiya Fatima Shinkafi. This growth highlights the potential of the country's mining sector.
Adetunji Oyebanji, President of the Chartered Institute of Directors, has called on chartered directors in Nigeria to enhance the country's economic landscape. His appeal emphasizes the crucial role of leadership in driving economic transformation.
The naira is facing increased pressure due to heightened demand for dollars from summer travel and school fees. The black market rate has weakened to N1,425 per dollar, indicating a challenging economic environment.
The Economic and Fiscal Justice Coalition has called on the Nigerian government to prioritize poverty reduction as a key measure of economic success. They also urged the adoption of a 'Borrow Better' framework to address the rising public debt.
Martins Onovo has warned that Nigeria's economy is nearing a critical point and is calling for immediate reforms. He emphasizes the need for urgent action to prevent a potential crisis.
The Federal Capital Territory's Internally Generated Revenue has surged by over 344%, surpassing N40 billion monthly. This significant increase is attributed to effective revenue reforms implemented in the region.