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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.
The SEC Nigeria intervened in the unauthorized marketing of Dangote Refinery shares, highlighting the challenges local regulations face against global financial media. This situation underscores the need for regulatory frameworks to keep pace with rapid news dissemination.
The market capitalisation of 12 listed deposit money banks, including GTCO and Zenith, has reached N22.51 trillion. This growth follows successful reforms implemented by the Central Bank of Nigeria.
Aliko Dangote is supporting a blue economy initiative that aims to create over 500,000 jobs in Nigeria. This strategic investment is expected to reduce imports and boost the economy.
Nigerian Electricity Distribution Companies have lost over 1.13 million customers due to rising energy prices and unreliable power supply. This trend highlights significant challenges in the country's electricity sector.
Crude prices have fallen. So why is petrol still expensive? Consumers demand relief, while marketers insist on sustainable margins, reports Festus Akanbi For millions of Nigerians, the recent decline in global
Babatunde Fashola disclosed that Lagos State intentionally reduced land prices to attract investment from the Dangote Group for the refinery project. This strategic move aims to boost economic growth in the region.
PenCom has expanded investment opportunities for Pension Fund Administrators (PFAs) to enhance returns amid local market challenges. The initiative includes a two-year regulatory forbearance to support pension fund growth.
Nigeria's business environment showed growth in June 2026, but the rate of expansion has slowed due to high operating costs and credit issues. Companies are facing significant challenges that could impact future growth.
First Lady Oluremi Tinubu’s ‘akara economy’ comments spark debate on scale of opportunity for Nigerian youth. Discover the full story and public reaction.
Kano State has started distributing 90,000 bags of fertiliser to local farmers. This initiative aims to enhance crop yields and improve food security in the region.
Nigerian companies are experiencing relief as declining tensions in the Middle East result in lower global oil prices. This development is expected to positively impact the Nigerian economy and businesses reliant on oil.
The naira has strengthened in the official foreign exchange market, recovering from previous losses. This positive shift coincides with Nigeria's external reserves rising to $51.45 billion.
The FAO Food Price Index has declined due to lower prices for cereals, sugar, and dairy products. However, there are mixed trends as prices for vegetable oils and meat have increased.
The Nigerian Shippers' Council has successfully prevented N86 billion in unwarranted demurrage charges. This action has safeguarded over N90 billion in economic value for Nigerian shippers.
UNDP has partnered with Lagos State to enhance investment and market access for the fashion and leather industries. This initiative aims to boost Africa's creative economy, creating jobs and fostering industrial growth.
Olugbenga Sunday emphasizes the need for better policies to unlock Nigeria's hospitality potential. He highlights that improved infrastructure and consistent regulations could boost tourism and job creation.
Chalya Maryam Shagaya emphasizes the importance of traditional foods like Akara, corn, and Kulikuli in Nigeria's economic future. She highlights that growth will stem from grassroots markets and local businesses, not just corporate settings.
Akwa Ibom State Police Command foils a palace attack in Essien Udim, arresting a 42-year-old suspect with a locally made pistol. Read more on the Akwa Ibom
…as supply struggles to keep pace Nigeria’s two biggest listed palm oil producers are committing billions of naira to plantations, read more Palm oil producers bet billions on Nigeria’s edible oil deficit
Ten countries are responsible for nearly fifty percent of global food exports, highlighting their crucial role in the food supply chain. This interconnectedness benefits farmers, businesses, and consumers worldwide.
The European Bank for Reconstruction and Development plans to invest $1.5 billion in Nigeria's power sector, starting with $280 million in the first year. This investment aims to enhance the country's energy infrastructure and support economic growth.