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Banks' deposits with the Central Bank of Nigeria have decreased to N91.1 trillion, despite high liquidity levels in the financial sector. This marks a 0.4 percent decline from previous figures.
Nigeria's banking sector is experiencing a rise in bad loans to 8.03% following the CBN's termination of forbearance measures. This increase surpasses the prudential threshold, raising concerns about financial stability.
CPPE assesses Tinubu’s economic reforms, noting macroeconomic stability but lagging welfare gains. Learn about the impact of fuel subsidy removal and excha
Aurora Ventures launches with backing from inDrive – a global mobility and delivery platform scaled to unicorn status across the same emerging markets the program is investing in – for
Kasim Sumaina in Abuja The Nigerian Safety Investigation Bureau (NSIB), has commenced an investigation into the collision between the container vessel MV Maersk Valparaiso and the oil tanker MT Lady
Employers are calling on the Federal Government to tackle rising transport, food, and housing costs before minimum wage discussions. They warn that failure to address these economic challenges could jeopardize the negotiations.
Nigeria's economic reforms have successfully stabilized the country, averting a macroeconomic crisis. However, these changes are testing the patience of the public.
Nigeria's non-oil trade with the UAE has reached $5 billion, bolstered by eased visa restrictions and new investments. This growth signifies a strengthening economic partnership between the two nations.
NECA reports that Nigerian businesses are still struggling to reap the benefits of economic reforms. They face challenges such as inflation, high energy costs, and fluctuating exchange rates.
NECA reports that businesses in Nigeria are not yet reaping the full benefits of the government's economic reforms. Director-General Adewale-Smatt Oyerinde emphasized the need for improved implementation to support businesses effectively.
Taiwo Oyedele stated that the economic disruptions following the removal of petrol subsidy and currency reforms were anticipated. These changes are part of necessary efforts to address long-standing economic distortions.
NLC argues N100,000 minimum wage is unrealistic, stating Nigerian workers deserve N1 million monthly due to high inflation and living costs. Get the detail
NNPC Ltd. has announced a profit of N481 billion for April 2026, a significant increase from N276 billion in March. This growth highlights the company's strong financial performance in the oil sector.
Chief Erondu Uchenna Erondu Jnr praises President Bola Tinubu's economic reforms for stabilizing Nigeria's economy. He describes these measures as bold and effective.
Dangote Refinery has announced another reduction in the prices of petrol and diesel. This move is expected to benefit consumers and enhance affordability in the fuel market.
The Benin trust fund aims to generate N7 billion annually through daily micro-contributions. This initiative is spearheaded by Imasuen, CEO of Ughoron Group of Companies, to boost local investment.
Nigeria's external reserves have increased to $49.34 billion, reflecting a stable naira amidst favorable market conditions. This growth comes despite a significant expenditure on food imports in 2025.
The legal battle between NNPC and Dangote is significantly impacting Nigeria's fuel industry. As public refineries remain inactive, this clash could reshape the downstream oil sector.
NNPC has reported a remarkable 79% increase in revenue for April, totaling N4.97 trillion, with profits reaching N481 billion. This growth is attributed to a rise in crude oil output and stable gas production.
Ejiofor Alike The Dangote Petroleum Refinery and Petrochemicals has announced a fresh reduction in the ex-depot prices of Premium Motor Spirit (PMS), better known as petrol, and Automotive Gas Oil
Kayode Tokede The confidence of investors in Nigeria’s banking sector has continued to grow as the combined market capitalisation of 12 listed Deposit Money Banks (DMBs) surged to N25.1 trillion
Ndubuisi Francis in Abuja Heads of the World Bank, International Monetary Fund (IMF), World Trade Organisation (WTO), and the International Energy Agency (IEA) at the weekend met in Washington D.C.,
NNPC Limited has reported a remarkable revenue of N4.97 trillion for April 2026, marking a 79% increase from March. This financial performance highlights the company's strong recovery and growth in the oil sector.
The FTC Managing Director emphasizes the importance of strong capital market reforms for Nigeria's economic growth. These reforms are seen as essential for driving investment and addressing macroeconomic challenges.
Dangote has lowered ex-depot prices for petrol and diesel, aiming to make these products more affordable. This decision is expected to support economic activities throughout Nigeria.
Dangote has announced a new reduction in ex-depot prices for petrol and diesel, aiming to ensure a steady supply of refined products. This move is expected to positively impact the domestic market.
NNPCL has reported a significant revenue increase to 4.971 trillion naira in April. The company's profit after tax surged by 74.28 percent, reaching N481 billion.
NNPC Limited announced a significant increase in revenue, reaching N4.97tn in April 2026, a 79% jump from March. Discover the details of NNPC’s financial p
Chief Sunny Onuesoke has urged for the Central Bank of Nigeria to achieve full independence to enhance economic stability. His call highlights the importance of a self-governing financial institution for Nigeria's economic growth.
Global oil inventories are being depleted at a record pace as supply disruptions through the Strait of Hormuz threaten fuel read more Strait of Hormuz supply shock pushes global oil inventories toward critical levels