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Nigeria's domestic petrol production has surged to 48 million liters daily, a significant increase from near-zero levels earlier this year. This achievement reflects the government's efforts to boost local production capabilities.
Dan Aibangbe examines the impact of United Capital's expansion on investment banking across the African markets The post United Capital’s African expansion driving growth in regional investment banking appeared first on Premium Times Nigeria.
The official exchange rate has remained within the ₦1,350-₦1,370 range in recent weeks, supported by improved liquidity and sustained foreign portfolio inflows into local assets. The post Naira To Dollar Exchange Rate Today, June 23, 2026 appeared first on Channels Television...
Nigeria's increasing reliance on solar energy is changing how families shop for household items. Consumers are now prioritizing solar solutions over traditional generators and fuel.
Petrol depot prices in Lagos have decreased, with Rain Oil leading the reduction by N18 per litre. Meanwhile, Dangote has maintained stable pricing amid these changes.
The move followed the recent increase in cooking gas prices and developed coordinated measures to improve supply, affordability, and market stability across the country, according to NMDPRA. The post FG Convenes Emergency Meeting, Invites EFCC, DSS, Police To End LPG Hoarding, Di...
Nigeria incurs an annual loss of N3.2 trillion due to transport inefficiencies, including gridlock and poor logistics. Dr. Oluwasegun Musa of Global Transport Policy highlighted these critical issues affecting the economy.
The Nigerian naira remained stable against the US dollar on June 23, 2026, in both official and parallel markets. Market participants are closely watching liquidity and foreign exchange demand trends.
The Securities and Exchange Commission (SEC) has partnered with Rwanda's Capital Markets Authority to enhance the integration of African capital markets. This collaboration aims to deepen cooperation and promote economic growth across the continent.
Nigerian Customs has seized 870 smuggled vehicles valued at N3.88 billion over the past 15 months. Stakeholders cite delays and high clearing costs as key factors driving importers to neighboring countries' ports.
Nigeria's carbon economy has the potential to create jobs and attract investments, presenting a promising alternative to oil dependency. The founder of Carbon AI emphasizes this shift could lead to significant export earnings for the country.
The Naira has strengthened to N1,394 against the dollar in the parallel market, improving from N1,405 last weekend. This appreciation reflects a positive trend in the currency's performance.
Experts warn that Nigeria's manufacturing ambitions could be jeopardized by a shortage of practical engineering skills. The Nigerian Association of Technologists in Engineering highlights this skills gap as a significant barrier to progress.
• No retreat, no surrender in fight against terrorism, declares IGP Segun James Lagos State Police Command has assured residents of the state of safety and security following a bomb
The naira has shown slight improvement in the foreign exchange market as Nigeria's external reserves have surpassed the Central Bank's target. This development is seen as a positive sign for the country's economy.
OPay is playing a significant role in Nigeria's goal to achieve 95% financial inclusion by 2028. This initiative is part of the Central Bank of Nigeria's Payment System Vision 2028.
Wema Bank has signed a €50 million agreement with EIB Global to enhance credit access for SMEs, youth, and women. This partnership aims to foster economic growth and support entrepreneurship in Nigeria.
Dele Oye claims the Federal Government is holding onto N1.1 trillion ahead of the May FAAC distribution, alleging a distortion of fiscal federalism. He advocates for a mandatory 10% savings into the Sovereign Wealth Fund before any distribution occurs.
A report indicates that Sub-Saharan Africa needs $15 billion annually to achieve universal electricity access by 2035. Current investments are significantly lower, at under $2.5 billion per year.
Five Nigerian families are successfully creating diverse income streams to combat the widening income gap. Their strategies include Uber driving, POS businesses, online tutoring, and home-based catering.
Fitch Ratings has issued a warning regarding Nigeria's $5 billion currency swap agreement, highlighting potential debt-management and liquidity risks. This development raises concerns about the country's financial stability.
Seventy professionals have successfully completed training under the NLNG Train 7 program, enhancing Nigeria's skilled workforce in the energy sector. This initiative focuses on Data Analysis and Supply Chain Management.
The Nigerian Exchange (NGX) market capitalization has decreased to N151.3 trillion, attributed to profit-taking and technical adjustments. This decline indicates a tightening of liquidity in the market.
Dr. Emomotimi Agama emphasizes the need for stronger collaboration among African markets to drive innovation and protect investors. This initiative aims to enhance market development across the continent.
Emmanuel Addeh in Abuja The Dangote Petroleum Refinery supplied about 5.84 billion litres of petrol to the Nigerian market in the first five months of 2026, accounting for about 81.4
Chiemelie Ezeobi The Commissioner of Police, Lagos State Command, Fatai Tijani, on Monday visited the scene of an explosion at the Shoe Materials Market in Mushin, assuring traders and residents
Stoies Peter Uzoho The International Gas Union (IGU) has called for unified regional cooperation, accelerated cross-border infrastructure development, and regulatory harmonization to unlock West Africa’s vast natural gas resources and
Dike Onwuamaeze The Sterling Bank and economic experts have identified processing of raw materials, manufacturing, compliance to trade rules and export standards as the path to resilience in non-oil exports
The Nigerian Exchange (NGX) has recorded a remarkable N1.52 trillion increase, primarily due to a surge in banking stocks. This rebound highlights the resilience of the market amidst economic challenges.
Fitch Ratings has issued a warning regarding Nigeria's proposed $5 billion currency swap, citing potential debt-management and liquidity risks. The warning raises concerns about the implications of this financial move for the country's economy.