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Anambra State has invested N80 million in 80 startups and graduated 400 professionals to boost its tech sector. Governor Soludo emphasizes this initiative as a strategic move to transform the state into Africa's Silicon Valley.
Nigeria's industrial policy has achieved notable success, mobilizing $380 million in just the first 90 days. This progress reflects a positive trajectory for the country's industrial sector.
Nigeria's external reserves have reached $51.04 billion, marking a significant milestone for the Central Bank of Nigeria. However, the naira has weakened across foreign exchange markets due to declining liquidity.
Rivers State Governor Siminalayi Fubara has reaffirmed his administration's commitment to fostering a business-friendly environment. The focus is on transparency and inclusivity to drive economic growth in the region.
Iraq has announced that its oil production is set to return to pre-war levels within two months. This development is expected to stabilize the global energy market affected by previous disruptions.
The National Agricultural Development Fund (NADF) and the National Root Crops Research Institute (NRCRI), Umudike, have launched the Ginger Value read more Nigeria eyes FX boost with ginger value chain recovery program
In a related development, troops said they responded to another terrorist attack at Chohi Village on 18 June 2026, where armed terrorists attempted to abduct farmers working on their farmlands. The post Troops Foil Terrorists Kidnap Attempt, Rescue 22 Victims In Sokoto appeared f...
The National Agricultural Development Fund and NRCRI have initiated a program to revive Nigeria's ginger industry following a severe blight epidemic. This initiative aims to restore the sector's productivity and support local farmers.
The Nigerian government has secured fertiliser supplies for the 2026 wet farming season through early procurement. This strategy helped stabilize prices amid geopolitical tensions in the Middle East.
Nigeria’s banks increased their spending on information and technology (IT) by 30.8 percent in the first quarter of 2026, driven read more Banks ramp up digital push as IT spending rises by 31%
The inaugural Afretrade Entrepreneur’s Festival (TAEF 2026) recently held at the Eko Hotel & Suites, drawing a gathering of global read more Landmark Initiatives unveiled at TAEF 2026 to connect African SMEs to global markets
Petrol imports in Nigeria surged by 59.5% in May, despite the Dangote Refinery not exporting any PMS. Domestic refineries also experienced a decline in crude receipts by 5.6% month-on-month.
Economic sovereignty can drive development through capability-building and effective technology transfer. Countries are re-evaluating their approaches to ensure they harness technology for growth.
The Nigerian government highlights the Fast-Moving Consumer Goods (FMCG) sector as essential for achieving a $1 trillion economy. This focus aims to bolster economic growth and development in the country.
Dr. Rabiu Olowo of the Financial Reporting Council emphasizes the need for robust institutions to promote sustainable economic development in Nigeria. His call highlights the importance of institutional strength in achieving long-term economic goals.
Nigeria's economic landscape is becoming more challenging for investors due to inflation, currency fluctuations, and global uncertainties. This complexity requires a reevaluation of traditional investment strategies.
Economists attribute Nigeria’s N15.8tn revenue in early 2026 to tax reforms and improved oil sector earnings. Discover the impact of these changes on Niger
Omolabake Fasogbon Driven to address growing threats of substandard wires, West African manufacturer, Cutix Plc has unveiled new fire-resistant product in the Nigerian cable market valued at over N200 billion annually. Headquartered in
A report shows that only 18% of Nigerian retailers in the FMCG sector are able to secure formal loans. This indicates a significant level of financial exclusion in the industry.
Nigeria spent $1.39 billion on foreign crude oil imports in the first quarter of 2026, despite being the largest producer in Africa. This significant expenditure raises concerns about the country's oil production capabilities.
Rabiu Olowo emphasizes the importance of accounting in driving economic transformation across Africa. He advocates for the adoption of accounting practices as a catalyst for growth and development on the continent.
Nigeria’s billionaire businessman, Femi Otedola, who is the chairman of First HoldCo Plc has raised his controlling stake in the read more Femi Otedola raises stake in First HoldCo to 20% after private placement
Governor Fubara has reiterated Rivers State's commitment to fostering a transparent and investment-friendly business environment. This initiative aims to drive economic growth and attract more investors to the region.
Experts at NEST 2026 emphasized the need for Nigeria to fully adopt a green economy to foster resilient cities. They highlighted the importance of building a trustworthy system for investors.
Italy’s highest court has acquitted two Milan prosecutors accused of withholding evidence during the prosecution of Eni and Shell over the controversial OPL 245 oil deal in Nigeria, overturning an earlier conviction and ending a years-long legal battle. The post Italy’s highe...
…As regulators push to end years of market dominance As Nigerian regulators move to liberalise the country’s lucrative airtime credit read more Meet the billionaire behind Nigeria’s airtime lending empire
The investment will support Eja-Ice’s manufacturing and operational scale-up as the company enters its next phase of growth The post All On invests $1m in Eja-Ice Nigeria Ltd to strengthen cold-chain infrastructure in off-grid markets appeared first on Premium Times Nigeria.
The Nigerian stock market is experiencing slower gains as oil prices increase. This comes amid delays in US-Iran negotiations, affecting global market sentiments.
He emphasised that market realities should be reflected in both ex-depot and retail pump prices in the interest of fairness and economic relief for the public. The post PETROAN urges refiners, importers to reflect downward price adjustment as crude falls appeared first on Vanguar...
Nigerians are optimistic about potential fuel price reductions as Brent crude prices decline following the US-Iran agreement on the Strait of Hormuz. This international development is expected to bring stability to local fuel prices.