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Market analysts attributed the latest fluctuation to sustained demand for foreign exchange from importers and manufacturers, despite ongoing interventions by monetary authorities aimed at stabilising the naira. The post Naira To Dollar Exchange Rate Today, May 19, 2026 appeared f...
Dr. Nnimmo Bassey argues that Nigeria could thrive without relying on crude oil, emphasizing economic and social benefits. His views highlight a shift towards sustainable practices in the country.
The war that the United States and Israel launched on February 28 has led to an effective blockade of the Strait of Hormuz, through which around 20 percent of global oil exports passed in peacetime. The post Markets Cautious, Oil Dips After Trump Holds Off On Iran Attack appeared...
The Federal Government is taking steps to enhance Nigeria's paper manufacturing industry, aiming for N250 billion in savings. This initiative seeks to create jobs and decrease reliance on imported educational materials.
The African Development Bank has launched a $200 million financing package to support Nigeria's industrial sector. This initiative aims to enhance industrial growth and improve private sector productivity.
The Nigerian naira has slightly depreciated against the US dollar on May 19, 2026, due to ongoing demand pressures in the foreign exchange market. This trend is observed in both the official and parallel markets.
African Marketplace (AMP), a pan-African trade and cultural platform founded by Ibukun Awosika, will return to Dubai in October 2026 read more Africa, Caribbean brands eye global expansion at Dubai Marketplace
The Federal Government has announced plans to revive Nigeria's textile sector, aiming to create 1.5 million jobs. This initiative comes in response to a drastic 95% decline in the country's cotton production.
Nigeria and several West and Central African countries have pledged over $27 billion for port infrastructure expansion. This initiative aims to enhance regional trade integration and boost economic growth in the sub-region.
The NSDC CEO, Kamar Bakrin, emphasized that enhancing Nigeria's sugar industry could tackle unemployment and insecurity. This development is expected to create numerous jobs and improve rural communities.
The NRS leadership has been commended for its effective compliance reforms and efforts to enhance sustainable revenue. This recognition highlights the importance of economic resilience in national development.
Nigeria's pension system is finally providing returns that match inflation for the first time in seven years. This development is a significant relief for contributors who have long awaited better returns on their investments.
The Africa Finance Corporation has committed $100 million to support technology fund managers focused on Africa. This investment aims to drive the continent's digital industrialization efforts.
Nigeria is enhancing its port capacity and enacting significant maritime reforms to boost regional trade. Minister Adegboyega Oyetola emphasized these efforts as vital for economic growth.
The Industrial Training Fund (ITF) is investing N3.6 billion in business incubation and training for artisans. This initiative includes launching a global certification program to enhance skills and opportunities for artisans.
Nigeria's ginger export has plummeted from N26 billion to zero over three years due to blight disease and rising costs. This decline represents a significant setback for the country's non-oil export ambitions.
The upcoming Eid al-Adha festival highlights the financial struggles many Nigerians face. As the celebration approaches, concerns about economic hardships and empty pockets are prevalent.
The Naira has depreciated to N1,395 per dollar in the parallel market, down from N1,390. It also fell to N1,373.5 in the Nigerian Foreign Exchange Market.
Kwara Garment Factory has partnered with KWS Garment Production Village to enhance Nigeria's textile and apparel manufacturing sector. This collaboration is expected to significantly boost local production capabilities.
Food inflation in Nigeria has surged to 16.06%, with 11 states experiencing rates exceeding 20%. This rise is contributing to the increasing cost of living across the country.
FCMB boosts financial literacy by promoting a savings culture among students across Nigeria, teaching essential money management and budgeting skills.
Nigerian crude oil prices are approaching $120 per barrel amid the ongoing US-Iran crisis. This surge is attributed to the closure of the Strait of Hormuz and escalating regional tensions.
A new report by Verraki reveals a $12 billion investment opportunity in Nigeria's healthcare sector. The report emphasizes the potential for private sector involvement in addressing the challenges faced by the healthcare system.
The National Sugar Development Council believes Nigeria's sugar industry can enhance the economy and address unemployment and insecurity. Mr. Kamar Bakrin emphasizes the sector's potential for significant growth.
Wole Ogunsanya, Chairman of PETAN, has urged Nigeria to seek new buyers for its oil as the UAE's exit poses risks to market stability. This call comes amid concerns over the impact on Nigeria's oil production and revenue.
Nigeria's crude oil production has increased to approximately 1.66 million barrels per day, which is a positive development. However, experts caution that this rebound should not be seen as a significant achievement given the ongoing challenges in the sector.
Global oil demand is projected to contract by 420,000 barrels per day (bpd) in 2026 as the ongoing Middle East conflict continues to disrupt supply flows and trigger extreme volatility
The Nigeria Inland Revenue Service (IRS) has filed a six-count criminal charge against oil and gas firm Saipem Contracting Nigeria Limited and two of its senior Directors, Michele Poggi and
Lagos Police Command on Monday, rescued at least 15 persons who sustained injuries in a fracas that erupted during the Alimosho All Progressives Congress, APC West Senatorial District primary on Monday. The post How police foiled violence at APC senatorial primary in Lagos appear...
The lender stated that the fundraising’s pricing and timing will be determined by its Board, and will be subject to the approval of relevant regulatory authorities. The post Sterling Holdco to raise fresh $400 million through debt, equity instruments appeared first on Premium T...