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Nigeria's downstream petroleum sector is seeing stable petrol prices while diesel prices are on the rise. This competition is reshaping pricing dynamics in the market.
Emomotimi Agama emphasizes the need for consistent policies following S&P's decision to place Nigeria on its 2027 watchlist. He advocates for operational resilience to enhance the country's economic stability.
Jos Electricity Distribution Plc reports that 45% of electricity in Plateau State is lost to theft. This alarming figure highlights the urgent need for measures to combat illegal activities affecting energy supply.
The judge adjourned the matter after the prosecution lawyer told the court that the parties were still exploring reconciliation. The post Court adjourns tax evasion suit against Binance appeared first on Premium Times Nigeria.
The Information Minister stated that government reforms are paving the way for Nigeria's economic growth. This positive outlook was shared in an interview with Impact Reports.
Nigeria has emerged as Africa’s highest-ranked country in the latest Global Index on Responsible AI (GIRAI), climbing 42 places to read more Nigeria tops Africa in AI governance, ranks 38th in Global Responsible AI Index
Nigeria’s banking sector faces growing risks as the global shift toward a low-carbon economy threatens the fortunes of its biggest read more Green transition puts Nigerian banks’ biggest borrowers under pressure, Fitch warns
Nigeria's solid minerals exports reached ₦354 billion in 2025, showcasing significant growth. The sector generated over ₦108 billion for the Federation in two years, marking a 33.5% increase.
Frontier Commercial Services Limited (Frontier Homes) has said the next wave of real estate growth in Lagos is shifting from read more Firm unveils Mainland Housing Summit to spotlight Lagos-Ogun investment opportunities
Nigeria's foreign exchange market has achieved a turnover of $46.4 billion in just four months, indicating stability in the naira. This positive trend reflects growing confidence in the market.
Daniel Bwala asserts that Nigerians earning N60,000 are better off than many expatriates struggling abroad. He highlights the challenges faced by those who relocated in pursuit of better opportunities.
The European Bank for Reconstruction and Development (EBRD) is using Nigeria as the launchpad for a five-country expansion into sub-Saharan read more European lender targets Nigeria, Kenya, Francophone West Africa in five-market expansion
The naira is trading within a stable range against the dollar as of July 9, 2026. This stability reflects positive trends in the currency market.
The Federal Government plans to grow Nigeria's mining sector to N30 trillion by 2030 through reforms and increased investments. This ambitious target aims to enhance the country's economic landscape.
Oil prices have surged above $80 due to escalating tensions between the US and Iran. This situation poses a threat to global peace and stability, particularly affecting oil supply routes.
•As diesel prices rises across major depots By Udeme Akpan The Dangote Petroleum Refinery on Wednesday trimmed its ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, by ¦ 1 per litre, even as diesel prices climbed across several petroleum depots in Lagos,...
The Central Bank of Nigeria has confirmed that the standard N100 note remains valid for all transactions. This assurance aims to maintain confidence in the currency system.
As of July 9, 2026, the Nigerian naira is trading at about ₦1,373.99 per US dollar in the official market. This reflects the ongoing fluctuations in Nigeria's foreign exchange rates.
The IMF has cautioned that the rising prices of essential goods could push more Nigerians into poverty. Despite this, the organization maintains a positive GDP growth forecast for Nigeria in the coming years.
Oil prices have increased by over 1% as tensions between the US and Iran escalate. This rise brings prices closer to the $80 per barrel mark.
The IMF has a positive growth outlook for Nigeria, citing improved macroeconomic stability. However, rising poverty concerns remain a significant challenge for the nation.
The Naira has strengthened to N1,400 per dollar in the parallel market, improving from N1,405. This appreciation reflects a positive trend in the currency's value.
Health workers are on strike in Congo, impacting healthcare services. Meanwhile, Tanzania has successfully increased its gold reserves, showcasing economic growth.
• IMF leaves Nigeria’s 2026 growth forecast at 4.1% and 4.3% for 2027 •S&P Dow Jones may reclassify Nigeria as frontier market Emmanuel Addeh in Abuja and Nume Ekeghe in
Dike Onwuamaeze The Executive Chairman of Financial Reporting Council of Nigeria (FRC) Dr. Rabiu Olowo, along with the members of the National Organising Committee (NOC) of the National Corporate Governance
ExxonMobil and its partners have launched a $1 billion Usan project to increase oil output by 40,000 barrels per day. The Nigerian Upstream Petroleum Regulatory Commission has welcomed this investment, which is expected to generate $1.2 billion in new revenue.
The Central Bank of Nigeria has confirmed that the N100 standard banknote is still legal tender. They warned that rejecting it undermines confidence in the national currency.
Nigeria is working towards producing two million metric tonnes of sugar annually, with the graduation of the first specialist cohort by the National Sugar Development Council. This initiative is expected to boost the country's sugar production capabilities.
Nigeria has solidified its position as the world's 7th largest LNG exporter, with exports rising to 14.8 million tonnes. The country contributes significantly to Africa's total LNG exports, which reached 39.8 million tonnes.
Nigeria lost approximately $1.5 billion to gas flaring in 2024, ranking seventh globally in this issue. The German Ambassador to Nigeria highlighted the significant economic impact of this environmental challenge.