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The Nigerian Shippers' Council has secured N90.6 billion and $1.348 million for the shipping industry. This financial protection is a result of their regulatory interventions and dispute resolutions.
Nigeria's finances have improved following the end of a major fuel subsidy three years ago. The article explores the benefits and allocation of the funds that were previously used for the subsidy.
The Nigerian naira is trading at ₦1,370.33 against the US dollar on July 6, 2026. This indicates a period of relative stability in Nigeria's foreign exchange market.
The Nigerian stock market has experienced a decline for the third consecutive week, with profit-taking leading to a loss of N1.8 trillion. Analysts project monetary tightening in the second half of 2026.
Oil prices have declined as markets display mixed signals, particularly due to a slowdown in the technology sector. Optimism remains regarding US-Iran peace talks, which could influence future market dynamics.
The Victoria Island-Lekki gas pipeline is crucial for enhancing industrial productivity in the region. Its development is expected to stimulate economic growth and attract investments.
Nigeria's MSMEs are facing severe challenges due to frequent power outages, which threaten their viability. The situation is exacerbated by high inflation and weak consumer demand.
An APC leader in Ondo State has urged FirstBank to reopen its Idoani branch, which has been closed for seven years following a robbery. The closure is said to negatively impact the rural economy in the area.
The Stanbic IBTC’s Purchasing Managers’ Index report reveals a decline in manufacturing output despite growth in other economic sectors. This indicates a mixed economic performance, with improving demand benefiting certain areas.
Nigeria's economy is showing strong signs of stability as it enters the latter half of 2026. This positive outlook suggests potential growth and resilience in the economic landscape.
The Centre for the Promotion of Private Enterprise reports that Nigeria's economy is showing improved macroeconomic conditions and increased investor confidence as it begins the second half of 2026. The organization urges the government to implement policies that foster a more competitive business environment.
– Says investment in science, engineering, research and innovation holds key to sustainable prosperity Sunday Aborisade in Abuja Founder of ARCO Group Plc, Alfred Okoigun, has called on Nigeria to urgently
Local investors are increasingly dominating the Nigerian stock market, reflecting a positive trend in market activity and investor confidence. This growth indicates a strengthening of the local financial landscape.
The Rural Electrification Agency has partnered with Jigawa State and the Nigerian Commodity Exchange to provide 7MW of power to seven industrial hubs. This collaboration aims to boost economic activities in the region.
Senator Oluremi Tinubu encourages Nigerian youths to engage in akara production and other local foods as a means of empowerment. This initiative has sparked a national conversation about entrepreneurship and self-reliance.
The Federal Government is revisiting the minimum wage issue to ensure it keeps pace with inflation and living costs. The proposed N70,000 minimum wage reflects President Bola Tinubu’s commitment to economic reform.
Nigeria's recent surge in oil revenue may soon come to an end, prompting calls for prudent economic management. Experts warn that without careful planning, the country could face significant financial challenges ahead.
Local experts warn that U.S. economic policy recommendations could negatively impact Nigeria's economy, despite positive feedback from the IMF. They advise caution regarding VAT and telecom policies.
The Chartered Institute of Stockbrokers has clarified that FTSE Russell's delay in Nigeria's reclassification to Frontier Market status is a temporary review. They emphasize that this does not indicate a reversal of the country's capital market reforms.
SOLA ONI contends that markets should not be judged solely by how convenient they are for foreign capital When FTSE Russell announced its proposal to reclassify Nigeria from “Unclassified” to
Kayode Tokede Amidst uncertainty in the business environment, banks borrowing from Central Bank of Nigeria (CBN) dropped by 96.04 per cent Year-on-Year (YoY) to N2.33trillion in half year (H1) of 2026
Energy expert Dan Kunle has advised President Bola Tinubu to privatize Nigeria's four state-owned refineries. He argues that continued public spending on these facilities has not provided value and is a burden on the economy.
The Nigeria Customs Service and Afreximbank are enhancing their partnership to tap into Africa's $3.4 trillion market potential. This collaboration aims to boost intra-African trade and support the implementation of the African Continental Free Trade Area (AfCFTA).
The Nigeria Customs Service and Afreximbank are enhancing their collaboration to promote cross-border trade. This partnership aims to facilitate smoother trade operations across Africa.
Traders in Lagos report a surge in demand for stockfish heads due to recent shortages and rising prices. This trend has led to significant price increases across local markets.
OPEC+ members agree to raise oil production quotas by 188,000 bpd in August 2026 as the Middle East calms, aiming to restore pre-war supply levels.
OPEC+ has decided to increase oil production quotas as the situation in the Middle East stabilizes. This move aims to support Gulf countries affected by the recent conflict.
Peter Obi demands accountability from the Tinubu administration regarding the IMF’s report of ₦8.83 trillion in off-budget spending, citing grand corruptio
Mini-grids in Nigeria are evolving into profitable ventures that attract significant private investment. The REA Managing Director highlighted their potential to enhance the country's power sector.
The Central Bank of Nigeria is introducing reforms aimed at enhancing financial stability and operational efficiency in financial holding companies. These changes are detailed in the recent exposure drafts on revised guidelines.