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Oil prices have dropped due to growing optimism about a diplomatic resolution between Iran and the US. This development could lead to lower fuel costs for Nigeria.
The recent fire that razed approximately 15 shops at Akpan Andem Market in Uyo, Akwa Ibom State, is a heart-wrenching reminder of the precarious existence of Nigerian market traders. The tragedy is particularly poignant because it was preventable. The fire truck meant to contain ...
The IMF forecasts Nigeria's external debt will hit $72.6 billion after the 2027 elections, raising concerns about fiscal stability. This projection highlights the ongoing challenges related to the country's debt management.
Nigeria incurs an annual loss of $850 million due to inadequate digital identity systems, according to NiRA. Strengthening the use of .ng domains could enhance economic growth and data sovereignty.
The World Bank warns that Sub-Saharan Africa will face a $59 billion debt burden by 2025. Rising external debt service pressures and geopolitical shocks are contributing to a challenging economic outlook for the region.
The Nigerian government has introduced a $1 billion fund to support exporters as part of the AfCFTA initiative. This initiative aims to enhance the production and competitiveness of local businesses in international markets.
Schneider Electric highlights that ongoing power shortages significantly impede Africa's industrial development and economic progress. The report emphasizes the urgent need for improved energy solutions across the continent.
Nigeria's government has pledged to improve fiscal reporting and budget transparency after receiving a positive assessment from the IMF. This commitment aims to foster sustainable economic growth in the country.
Nigeria’s power sector lost N310bn in Q1 2026 due to unbilled energy and poor revenue collection, NERC reports. Discover the impact of these power sector l
The Nigerian Exchange Limited (NGX) gained N830bn today, driven by Airtel Africa and financial stocks. Discover how NGX gains impacted the market.
CEVA Logistics and EFL Africa form a joint venture, CEVA EFL Limited, to expand operations and strengthen their presence in Nigeria’s logistics market.
Smartcomply, an African cybersecurity firm, joins the PCI Security Standards Council to shape global payment security standards and bring African market in
Kayode Tokede On the back of uncertainty in the global oil market, 10 Nigerian banks’ exposure to the sector in the 2025 financial year, declined by 13.4 per cent to
Ebere Nwoji Commissioner for Insurance, Mr Ayo Olusegun Omosehin, has said that despite the recorded gap in Africa’s insurance penetration, the continent commands an estimated $68 billion premium pool, signalling
As Nigeria seeks to diversify its economy, create jobs and promote inclusive growth, Development Bank of Nigeira expanding footprint offers a glimpse into how targeted financing can unlock enterprise potential across
Ebere Nwoji Sovereign Trust Insurance Plc (the Company), said it has successfully fulfilled the statutory deposit of N1.5 billion as a non-life insurance company to the Central Bank of Nigeria(CBN),
Nigerian telecom operators plan to invest N1.86tn ($1.38bn) in 2026 for infrastructure upgrades, network expansion, and improved service quality across Nig
An Edo woman, Oluchi Ugbowan, admits to faking her own kidnapping to offset debts, leading to her arrest and public confession.
The cash distribution, amounting to N15 per share, was approved by shareholders at the 46th annual general meeting held on 26 May in Abuja. The post Okomu Oil shareholders approve N14.3 billion final dividend payout appeared first on Premium Times Nigeria.
The IMF has praised Nigeria's reforms while urging continued efforts to combat poverty and inflation. Despite this recognition, the board highlighted ongoing challenges in living conditions for many Nigerians.
The International Monetary Fund (IMF) has cautioned Nigeria over its proposed $5 billion Total Return Swap arrangement with First Abu read more IMF cautions Nigeria over $5bn financing swap deal with UAE lender
Nigeria's pension assets have increased to N32 trillion, according to the National Pension Commission. This growth reflects a positive trend in the country's pension fund management.
The Nigerian government has introduced a $1 billion AfCFTA Adjustment Fund Credit Facility aimed at enhancing export growth. This initiative is expected to improve production and competitiveness within the African market.
The Nigerian government claims that the IMF's 2026 Article IV Report validates its economic reform efforts. This statement comes from the Minister of Finance, highlighting the positive assessment of the country's reforms.
The Federal Government asserts that the IMF's recent report validates its economic reform initiatives. This endorsement is seen as a boost for the government's ongoing efforts to improve Nigeria's economy.
…To intensify screening of passengers at airports …Task force to be Chaired by Femi Gbajabiamila, Chief of Staff to the read more Ebola: Tinubu establishes task force, approves N10b for emergency preparedness
Amazon is making its boldest move yet into Africa’s satellite internet market, setting the stage for a direct battle with read more Amazon targets Starlink’s African lead with Kenya satellite gateway bid
The IMF acknowledges that Nigeria's economic reforms are yielding positive results. However, the report highlights a concerning rise in poverty, impacting over 60% of the population.
Kebbi State is implementing new investment reforms and executive directives to enhance transparency and attract investors. These initiatives aim to create a more investor-friendly business environment.
The NUPRC has set June 12, 2026, as the deadline for submitting technical and commercial bids for Nigeria’s 2025 oil block bids. Learn more here.