Live intelligence from 10+ verified Nigerian and UK sources
Traders anticipate that Nigeria's naira will continue to strengthen in the upcoming week due to robust dollar supply. In contrast, Ghana's cedi is expected to weaken.
Stakeholders urge Nigeria to formalise maritime trade to reduce revenue losses. The call for reforms highlights the importance of the coastal trade sector for economic growth.
He said, “Upon receipt of the report, detectives in collaboration with highway patrol operatives swiftly mobilised to the scene, forcing the suspects to abandon the truck and flee under pressure. The post Police foil truck hijack, recover rifle in Ogun appeared first on Vanguar...
Despite rising inflation and geopolitical tensions, Nigerian Treasury bill yields remain low due to a liquidity glut. This situation highlights the complexities of the current economic environment in Nigeria.
France's trade deficit has increased to €6.9 billion in March due to rising energy import prices. This surge is attributed to the ongoing conflict in the Middle East.
Consumers are facing increased prices for essential food items like eggs, beans, and local rice as reported by the National Bureau of Statistics. This rise in food costs highlights ongoing inflationary pressures in the market.
The naira has appreciated against the dollar, reflecting positive market sentiment. This stability is attributed to CBN policies aimed at enhancing liquidity in the foreign exchange market.
Australia plans to mandate gas companies to reserve fuel for domestic consumption amid rising global energy demands. This move comes as geopolitical tensions impact energy markets worldwide.
The EU is considering alternatives due to a looming jet fuel shortage caused by the conflict in the Middle East. This situation arises as the Strait of Hormuz, a key transit route, remains effectively closed.
Hayatu-Deen highlights the challenges businesses face due to rising costs, impacting jobs and investments. He made these remarks while engaging with entrepreneurs as he seeks the ADC presidential ticket for the 2027 elections.
The NUPRC highlights that the ongoing Middle East crisis presents a significant opportunity for Nigeria to boost its oil supply by 10 million barrels per day. The agency invites investors to tap into Africa's vast oil and gas reserves, with Nigeria leading in new projects and reforms.
The federal government plans to create a $500 million annual fund to enhance research and innovation in Nigeria. This initiative aims to boost the economy and foster technological advancements.
Nigeria's debt situation is being discussed in a simplistic manner, overshadowing deeper issues of state capacity. The conversation needs to evolve beyond just the numbers to address the underlying challenges.
The Naira has appreciated to N1,380 per dollar in the parallel market, showing a slight improvement from the previous day. It also rose to N1,361 per dollar in the Nigerian Foreign Exchange Market.
The Nigeria Labour Congress has raised alarms about the dire state of insecurity and poverty affecting Nigerians. They warn that these worsening conditions are driving citizens to a breaking point.
Nigeria's goal to become a top investment hub is threatened by ongoing insecurity. This persistent issue is hindering economic growth and deterring potential investors.
The article from BusinessDay discusses key economic developments in Nigeria. It highlights trends and forecasts that could impact the business landscape.
Nigeria's increasing government borrowing is leading to higher debt-service costs, which is negatively impacting public finances. This situation is making it difficult for businesses to access credit.
NIMASA emphasizes that the sustainability of the vessel fund is contingent on effective repayment plans. The success of the Cabotage Vessel Financing Fund (CVFF) is vital for Nigeria's maritime sector.
Alhaji Aliko Dangote has called for urgent investment in Nigeria's power sector to address ongoing challenges. His appeal highlights the critical need for improvements to support economic growth.
Nigerian Electricity Distribution Companies (DisCos) have enhanced their revenue collection and billing efficiency in February. This improvement comes despite a significant decrease in power supply across the country.
Microsoft emphasizes that the digital economy is essential for Africa's growth and competitiveness. The company believes it will foster inclusive development across the continent.
Nigerian refiners were unable to lift $3.13 billion worth of crude in Q1 2026 due to pricing disputes. This situation is negatively impacting the country's domestic crude supply and self-sufficiency efforts.
Global oil prices have dropped 11% as optimism grows over a potential US-Iran peace agreement. This decline brings prices below $100 a barrel amid ongoing Gulf tensions.
Nigerian Distribution Companies (DisCos) have enhanced their revenue collection and billing efficiency in February 2026, despite facing significant challenges with low power supply. This improvement is highlighted in a recent report by the Nigerian Electricity Regulatory Commission (NERC).
The naira has strengthened in the official foreign exchange market, with turnover increasing by 59.2%. This positive trend reflects improved liquidity and confidence in the currency.
The National Bureau of Statistics reports a monthly increase in food prices, including beans, eggs, and garri. This rise occurs despite a significant year-on-year decline in these staples, highlighting ongoing challenges in Nigeria's food market.
The African Democratic Congress (ADC) has criticized the federal government for celebrating Nigeria's GDP growth, stating it is irrelevant to the everyday struggles of Nigerians. They argue that economic figures do not translate to tangible benefits for the populace.
Olisa Agbakoba proposes a constitutional approach to address revenue leakages in Nigeria. He also discusses the challenges faced by the Treasury Single Account (TSA) system.
The Federal Government plans to establish a $500 million annual fund to enhance research and innovation in Nigeria. This initiative aims to boost the economy and foster technological advancements.