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Enugu Air has emerged as the leading contributor to the state's Internally Generated Revenue (IGR), helping Enugu achieve N130.62 billion in revenue in early 2026. Health and education sectors also received significant funding in the first quarter.
The Federal Government is promoting the commercialization of local innovations to transform research outputs into market-ready products. This initiative aims to boost the economy and support local entrepreneurs.
Odu’a Investment Company Limited is set to collaborate with the Ibadan Economic Team to boost the growth of SMEs. This partnership aims to enhance economic development in Ibadanland.
A group has praised President Bola Tinubu for his economic reforms aimed at boosting non-oil revenue. They highlighted companies like MTN and Seplat Energy as key beneficiaries of these policies.
Nigeria's Renewed Hope Agenda aims to lower borrowing costs and create a universal credit identity. This initiative is unprecedented among past administrations and seeks to enhance economic opportunities.
Africa's efforts to invest domestic capital into infrastructure are hindered by a lack of trust. This situation affects the continent's industrial development potential.
Oil prices continue to rise amid concerns over supply disruptions from the Middle East. The U.S. blockade of Iranian ports is expected to exacerbate these issues.
Nigeria is enhancing its economy by focusing on local value addition for shea nuts. This initiative is expected to strengthen the country's position in the global market.
Middlemen in Nigeria are ignoring the pricing guidelines set by the NMDPRA, leading to a rise in JET-A1 fuel prices to N2,230 per litre. An industry think-tank is urging the government to implement a stabilization plan for airlines.
The Director-General of RMRDC, Prof. Nnanyelugo Ike-Muonso, emphasizes that Nigeria's industrial transformation relies on moving from raw material exports to value addition and innovation. This shift is crucial for achieving a sustainable industrial renaissance.
The Nigerian naira showed stability against the US dollar on April 29, 2026, in both official and parallel markets. This comes amid ongoing demand pressures and a cautious trading environment.
President Bola Ahmed Tinubu commended Olayemi Cardoso for his reforms at the Central Bank of Nigeria, highlighting their positive impact on the economy. The banking recapitalisation efforts are seen as crucial for Nigeria's long-term growth.
Nigeria's non-oil exports achieved a significant milestone of $6.1 billion, expanding to 210 markets. The Nigerian Export Promotion Council highlights the potential of women-led SMEs for inclusive growth.
Stocks are fluctuating while oil prices are slightly increasing amid stalled peace talks regarding the Iran conflict. The White House is reportedly skeptical about Tehran's proposal to restore traffic through the waterway.
The UAE has announced its decision to leave OPEC, marking a significant change in the global oil alliance. This move could have implications for oil markets and production dynamics worldwide.
The World Bank has pledged $8.2 billion to enhance Africa's power supply, targeting to connect 300 million people by 2030. This initiative, known as 'Mission 300', aims to significantly improve energy access across the continent.
NLC President Joe Ajaero emphasizes that a wage of N1 million is ineffective if the naira remains unstable. He advocates for prioritizing a strong naira value over nominal pay.
Nonye Ayeni, head of the NEPC, emphasizes the importance of female entrepreneurs for Nigeria's export future. Initiatives are being introduced to support and enhance female-led businesses for economic growth.
Alex Otti emphasizes that Nigeria's economic challenges require pragmatic solutions rather than idealistic approaches. He highlights the pressing issue of high unemployment rates that need urgent attention.
Nigeria's economic transformation is gaining momentum through a partnership with China, according to Adeola Adelabu. This collaboration aims to enhance various sectors, including ports and food production.
Nigerian banks are urged to enhance their efforts in combating fraud, especially insider scams. This issue poses a significant challenge to the integrity of the banking sector.
Nigerian travelers are experiencing a significant increase in summer airfares due to global conflicts, particularly tensions between the US and Iran. This situation has resulted in numerous flight cancellations and changes to travel plans.
East Africa has attracted $4.1 billion in investments, driven by significant market reforms. Kenya is emerging as a key gateway for investors interested in frontier markets.
The Naira has appreciated to N1,390 per dollar in the parallel market, improving from N1,392 per dollar. This change reflects a slight strengthening of the currency.
Nigeria's Eurobond market is experiencing a surge in investor interest as average yields drop to 6.89%. This trend indicates growing confidence in Nigeria's financial instruments.
Dr. Darlington Ofor advocates for economic diversification and infrastructure development in Nigeria. He emphasizes the importance of youth participation in economic planning to foster growth.
NNPC has raised oil prices by $7 per barrel in response to the ongoing US-Iran conflict. This increase is expected to have significant implications for the Nigerian economy and consumers.
The UNDP is set to assist the Nigerian insurance sector by scaling the Lagos Flood Risk Insurance Model. This initiative aims to enhance the sector's capacity to manage climatic change risks.
FGN bond subscriptions have reached N6.8 trillion in just four months, reflecting a strong investor confidence. This marks an impressive 87% increase compared to previous periods.
Nigeria's rich mineral resources, including gold and lithium, present opportunities for sustainable extraction. The focus on intelligent mining could enhance the country's economic prospects and environmental stewardship.