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Nigeria and China are exploring opportunities to develop creative enterprises around tea, promoting local adaptations and deepening cultural cooperation.
Brent crude oil prices fall to $105 per barrel as US-Iran peace talks show progress, but analysts remain cautious about future supply disruptions.
Electricity Distribution Companies (DisCos) have opposed Lagos State's initiative to eliminate tariff classification. They warn that this could result in unrest, market instability, and potential blackouts due to the lack of stable supply.
The Central Bank of Nigeria has decided to maintain its benchmark interest rate at 26.5% to combat inflation and stabilize the exchange rate. This decision has elicited mixed reactions from the private sector regarding potential risks to manufacturing.
PalmPay is enhancing financial inclusion by empowering over 2,000 women traders in Kano and Kaduna with digital banking and financial literacy skills. This initiative aims to boost economic opportunities for women in these regions.
The chairman of SIFAX Group emphasizes that sustainable growth in Africa hinges on breaking down economic borders. He advocates for the creation of large, cross-border corporate entities to enhance regional integration.
The World Bank is looking to raise $23 billion in private funding to enhance risk mitigation tools in Africa. This initiative aims to improve the lives of 190 million people across the continent.
Nigeria-UK trade reached £7.6bn, marking a 10.8% increase, largely driven by Nigeria’s crude oil exports. Learn about the key trade figures and trends.
PMAWCA has launched a €59m, five-year West African Sustainable Ocean Programme to promote climate resilience and a blue economy in 13 countries.
Domestic airfare in Nigeria is approaching N200,000 for one-way flights as airlines respond to the rising cost of aviation fuel. This increase is significantly affecting travelers across the country.
A report highlights that increasing logistics and energy costs are jeopardizing Nigeria's non-oil exports, particularly affecting SMEs. Despite the growing demand, these rising costs pose significant challenges to the sector.
The FAO has urged governments and financial institutions to explore alternative trade routes to prevent a looming global food crisis. This call comes as the organization highlights the urgent need for support to help countries navigate the current challenges.
Farmers are collaborating with the Cocoa Research Institute of Nigeria (CRIN) to enhance the cocoa and coffee value chains in Nigeria. The initiative aims to improve production, research, and sustainability while empowering farmers.
The naira on Wednesday traded almost flat against the dollar in the official foreign exchange (FX) market on the same read more Naira holds steady after CBN retains interest rate at 26.5%
The 2026 FIFA World Cup is facing a potential tourism setback as hotel operators report that 70% of reserved rooms have been canceled. This development raises concerns about the anticipated economic benefits for the United States.
The Centre for the Promotion of Private Enterprise (CPPE) supports the Central Bank of Nigeria's decision to maintain policy rates. They emphasize that economic growth relies on productivity rather than elevated interest rates.
Indigenous oil producers in Nigeria are raising investment in near-term extraction projects as rising crude oil prices triggered by the read more Nigerian oil firms ramp up production expansion amid Middle East conflict
A defining idea emerged at the Africa Forward Summit 2026, cutting through familiar narratives about Africa’s growth: the continent can no longer be seen as a collection of fragmented economies,
He said inflation rose marginally for two consecutive months, largely induced by external shocks, especially the ongoing war between the US/Israel and Iran, which has exerted upward pressure on energy prices and transportation costs. The post How economic reforms muted Middle Eas...
Though there is a slight drop from what was recorded in February, the CBN said at the press briefing that Nigeria's external reserves remained robust. The post Nigeria’s gross external reserve drops slightly to $49.49 billion – CBN appeared first on Premium Times Nigeria.
Growing appetite for the proposed Dangote Refinery Initial Public Offer (IPO) is reshaping investor behaviour across Nigeria’s financial markets, with read more Investors stockpile funds in Money Market ahead of Dangote IPO
The N2.24 trillion tax revenue shortfall recorded by Nigeria Revenue Service’s (NRS) for the first quarter of 2026 has triggered read more FG’s tax revenue shortfall raises compliance, debt concerns
The Presidency has recognized RegTech as a key tool for enhancing financial inclusion and fostering a trusted digital economy. The Central Bank of Nigeria emphasizes that effective regulation should promote innovation rather than hinder growth.
The UK has eased sanctions on Russian jet fuel and diesel imports, allowing for imports of Russian crude oil refined in third countries. This decision has faced criticism from opposition parties.
Even in a roaring bull market, a rising tide doesn’t lift every boat. The Nigerian stock market has delivered remarkable read more Inside double-digit dip club no investor wants to join now
The Central Bank of Nigeria has decided to maintain the interest rate at 26.5%. This follows a previous reduction of the Monetary Policy Rate earlier this year.
Concerns are mounting over the economic viability of establishing an Airbus Maintenance, Repair, and Overhaul (MRO) facility in Nigeria, with read more Nigeria’s two airbus dims Tinubu’s $500m maintenance facility ambition
The Lagos State Government has allocated ₦5 billion to support small businesses through its LASMECO program. This initiative aims to enhance funding access for entrepreneurs and cooperatives in the state.
Rising logistics and energy costs are constraining the growth of Nigeria’s non-oil export sector, forcing many small exporters out of read more Crippling logistics, energy costs threaten Nigeria’s non-oil export growth
Even in a roaring bull market, a rising tide doesn’t lift every boat. The Nigerian stock market has delivered remarkable read more Inside double-digit dip club no investor wants to join now