Live intelligence from 10+ verified Nigerian and UK sources
Nigeria and seven other African nations may face a 12.5% tariff on exports to the U.S. due to allegations of forced labor in their supply chains. This move could significantly impact their access to the American market.
Fresh Iranian attacks and a lack of progress in peace talks with the United States added to the downbeat mood, though oil prices dived on news of a ceasefire between Israel and Lebanon. The post Stocks Drop On AI, Rate Hike Worries As Lebanon Deal Hits Oil appeared first on Chann...
The Naira showed stability against the US dollar on June 4, 2026, with a narrow gap between official and parallel market rates. This indicates a balanced foreign exchange environment in Nigeria.
The National Bureau of Statistics reports that the cost of a healthy diet in Nigeria has risen to N1,541 per adult. This increase adds to the financial strain on households despite a moderation in the overall inflation rate.
The naira has appreciated to a near one-month high of N1,357.26 per dollar, reflecting improved liquidity conditions in the foreign exchange market. This positive trend indicates a strengthening of the currency amidst ongoing economic adjustments.
Capital importation in Nigeria has increased to $10.37 billion in the first quarter, largely due to a surge in portfolio investments. The UK, US, and South Africa are the top contributors, reflecting positive impacts from recent economic reforms.
The Naira has depreciated to N1,398 per dollar in the parallel market, down from N1,385. This marks a notable decline in the currency's value against the dollar.
Nigeria attracted $10.37 billion in foreign investment in Q1 2026, nearly double the previous year's amount. However, this influx is not translating into significant job creation.
The African Development Bank (AfDB) reports that Africa could generate $469 billion annually without increasing taxes. This can be achieved through enhanced administration and digitization of tax systems.
IFC and Standard Chartered have launched a $300 million risk-sharing facility aimed at enhancing supply chain finance for businesses in eight African countries, including Nigeria. This initiative is expected to significantly support local enterprises and boost economic growth.
Nigerian banks earned N209 billion from account maintenance fees in the first quarter of 2026, marking a 14% increase. This growth highlights the banks' ability to generate revenue through service charges.
Nigeria's capital imports surged by 84% to $10.37 billion in Q1 2026, primarily due to increased portfolio investments. This significant rise reflects growing investor confidence in the country's economic prospects.
President Tinubu has approved the 2026 oil block licensing round, which is expected to launch in the third quarter. This initiative aims to enhance upstream investment in Nigeria's oil sector.
Freight forwarders at the Seme border are urging a review of vehicle import restrictions due to business collapses and job losses since 2016. They emphasize the need for urgent action to address these challenges.
Nigeria Customs Service and World Bank launch a two-week post-clearance audit mission to strengthen compliance, revenue assurance, and trade facilitation.
NIMASA reaffirms its commitment to advancing African maritime integration, cooperation, and capacity development, strengthening the Blue Economy across the
The Leo Stan Ekeh Foundation (LSEF) has donated a multi-million Naira state-of-the-art AI-tech centre to Holy Ghost College, Owerri, Imo State, during the school’s 77th anniversary celebration. The tech facility,
With Nigeria targeting a $1 trillion economy by 2030, Meta says sustained investments in digital infrastructure, artificial intelligence and connectivity remained critical to unlocking the country’s growth ambitions. In this
Blessing Ibunge in Port Harcourt The Sundry Markets Limited (SML), the operator of the popular Market Square supermarket chain, has said that it has in the past 10 years engaged over 5,000 Nigerian in meaningful
Emma Okonji TheBoardroom Africa, the continent’s pioneering executive search and leadership advisory firm, has released its industry trends report, which identified four structural shifts already shaping capital allocation, regulatory direction,
Emma Okonji Despite assurances from Mobile Network Operators (MNOs) that 5G rollout will be a game changer in the telecoms industry, its acceptance and market penetration after four years of
Nigeria's stock market experienced a decline of N2.28 trillion as investors engaged in profit-taking activities. This bearish trend has affected key stocks and overall investor sentiment.
The Central Bank of Nigeria has released new Foreign Exchange Guidelines allowing individuals to export up to $50,000 in cash. This move aims to enhance the foreign exchange framework in the country.
Nigeria's capital importation surged to $10.37 billion in Q1 2026, marking an 83.83% increase from the previous year. This growth is primarily attributed to a rise in portfolio investments.
Nigeria is actively seeking investment by showcasing its economic reforms at the London Stock Exchange. Senior government officials are courting global capital to boost the country's financial prospects.
Nigerian and African leaders are engaging UK investors at the London Stock Exchange to strengthen economic connections. This initiative aims to boost foreign investment in the region.
Nigeria's food security challenges are not solely due to necessity but reflect deeper systemic issues. The country has the resources but struggles with effective management and distribution.
Ghana's inflation rate has risen to 3.7% in May, marking a four-month peak. This increase is primarily driven by rising food prices.
“In addition, pursuant to he resolution of shareholders at the extra-ordinary general meeting of the bank held on Friday, 24th January 2025, the name of the bank has been changed from “Abbey Mortgage Bank Plc” to “Abbey Bank PLC,” it stated in a regulatory filing. The ...
The Shenzhen experience ultimately demonstrates that industrial transformation is not accidental. It requires deliberate planning, sustained infrastructure investment and a long-term economic vision. Africa today stands at a similar crossroads. The continent possesses abundant na...