Live intelligence from 10+ verified Nigerian and UK sources
Governor Sanwo-Olu has announced the upcoming start of Lekki Port Phase 2, which is set to enhance Lagos's position as a key maritime hub in West Africa. This development is expected to facilitate trade under the African Continental Free Trade Area (AfCFTA).
Nigeria's government is enhancing shea processing to increase export potential by turning raw shea nuts into high-value products. This initiative aims to capture a larger share of the global market.
Dangote Refinery has reduced its petrol production capacity by 34% due to feedstock and technical challenges. This reduction could significantly impact Nigeria's fuel market dynamics.
Nigeria's GESI roadmap has the potential to unlock $6.75 billion by aligning investment practices with stated values. This transformation could significantly enhance the impact investing ecosystem in the country.
The article highlights the success of women in Nigeria's informal economies, emphasizing their ability to manage businesses and contribute to savings groups. It calls for the creation of effective financial systems to support these women further.
Nigerian banks are increasing international spending limits on naira cards thanks to enhanced foreign exchange liquidity. This development is expected to facilitate easier global payments for Nigerians.
With rising fuel prices, advocates are promoting solar energy solutions in Nigeria. They highlight solar generators as a cost-effective and reliable alternative to traditional fuel sources.
Shell Nigeria Gas attributes its increased gas production to recent pricing reforms and the Petroleum Industry Act. This has bolstered market confidence and encouraged further investment in the sector.
Nigeria’s persistent power crisis is driving inflation and job losses, especially in manufacturing, a consumer group warns. Learn how unreliable electricit
Kayode Tokede Access Holdings Plc, yesterday in Lagos, blamed regulatory compliance to Central Bank of Nigeria (CBN) for its inability to pay dividend to shareholders for the 2025 financial year. Chairman of
"Our view is that the transactions in these types of structures carry risks,” said the IMF’s resident representative in Nigeria, Christian Ebeke said on Tuesday. The post IMF flags risks in Nigeria’s planned $5 billion derivative deal with First Abu Dhabi Bank appeared firs...
The Nigerian Commodity Exchange (NCX) has unveiled a comprehensive Shea Value Chain Transformation Framework aimed at increasing domestic processing, improving read more Nigeria targets 30% local processing to triple shea industry value, unlock higher export revenue
Mr Lokpobiri said that sustaining investments and increasing exploration activities were critical to achieving the target and boosting the nation’s reserves. The post Nigeria targets 2.5mbpd oil output – Lokpobiri appeared first on Premium Times Nigeria.
First City Monument Bank (FCMB) has tapped prominent economist Bismarck Rewane to chair its board, betting on his four decades read more FCMB taps economist Bismarck Rewane to chair board amid growth push
The Nigerian Senate has approved a significant bill aimed at facilitating funding for small enterprises through receivables financing. This legislation is expected to provide essential financial support to boost the small business sector.
The naira traded largely flat on Wednesday in the official foreign exchange (FX) market despite weaker liquidity, as the International read more Exchange rate flat as IMF backs naira float
The Nigeria Revenue Service (NRS) has unveiled Rev360, a new digital tax administration platform designed to streamline tax processes, improve compliance, and help identify tax evaders. The post NRS unveils Rev360 to boost tax compliance, track evaders appeared first on Vanguard ...
The announcement marked the Bank of Canada's fifth consecutive hold. Canada has experienced two quarters of negative growth, a circumstance some economists label a technical recession. The post Canada Central Bank Holds Key Interest Rate Steady As Economy Struggles appeared first...
Actress Ruth Kadiri has voiced her concerns about the escalating cost of living in Nigeria, noting that N5,000 now only covers the purchase of tomatoes and pepper. Her comments reflect the broader economic challenges facing many Nigerians today.
Data showed US consumer inflation surged to a fresh three-year high in May, hitting 4.2 per cent year-on-year. The post Stocks Slide As US Inflation Surges, US And Iran Trade Strikes appeared first on Channels Television.
The crucial Strait of Hormuz has been effectively shut since US and Israeli attacks on Iran in late February, blocking roughly a fifth of global oil supplies and rattling global markets. The post Hormuz Block Sparks ‘Never Seen Before’ Disruption — Shell CEO appeare...
US consumer inflation surged to a fresh three-year high in May, according to official data released Wednesday, as increased energy prices rippled through the world's largest economy. The post US Consumer Inflation Hits Fresh Three-Year High In May appeared first on Channels Telev...
Nigeria is among 27 nations banned from exporting domestic labor to a wealthy Gulf state. This exclusion raises concerns about the impact on labor markets and opportunities for Nigerians seeking work abroad.
The Naira to Dollar exchange rate on June 10, 2026, is reported at approximately ₦1,360.55 in the official market and ₦1,400–₦1,405 in the parallel market. This reflects ongoing challenges in Nigeria's currency valuation.
Investments in the blue economy are projected to increase Rivers State's Internally Generated Revenue (IGR) by 50%. The Economic and Market Research (EMR) recommends establishing a dedicated ministry for the blue economy and conducting an environmental audit.
The IMF reports that Nigeria's economic reforms have led to improved macroeconomic outcomes over the past three years. However, high poverty rates continue to pose challenges for many Nigerians.
IMF issued the advisory in its latest Article IV consultation report on Nigeria, noting that while rising crude oil prices could boost foreign exchange inflows into the country, it is capable of driving inflation higher. The post CBN may need to sterilise FX inflows from increase...
The Nigerian government has expressed its commitment to ongoing economic reforms following the IMF's 2026 Article IV Mission Concluding Statement. This dedication signals a positive direction for the country's economic policies.
As protests over Warri's disputed ward delineation disrupt oil facilities and threaten production, ex-militant leader Tompolo has called for restraint, dialogue and swift action by INEC to avert a deeper crisis in the Niger Delta. The post Tompolo calls for calm as Warri delineat...
Shell has outlined key strategies to enhance gas utilization in Nigeria, emphasizing the need for improved pipeline infrastructure. This initiative aims to transform gas from a policy goal into a viable energy source for industries.