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Tinubu's recent reforms have ended a foreign company's 12-year dominance in Nigeria's airtime lending market. This move aims to enhance competition and reduce capital flight from the country.
The naira has strengthened against the dollar as Nigeria's foreign reserves reached a record $50.04 billion. This positive trend indicates improved economic stability and investor confidence in the country.
Dangote's refinery has successfully ramped up its fuel production to 700,000 barrels daily, enhancing local fuel supply. This increase supports the availability of petrol, diesel, and aviation fuel in Nigeria.
Nigeria’s banking sector is increasingly divided between lenders with strong enough balance sheets to reward shareholders and those struggling with read more Banking sector splits into winners and losers after CBN stress tests – Rewane
Nigeria can no longer rely on foreign capital alone to finance its development objectives as global investment flows become more selective.... read more Nigeria to fund growth in a fracturing global economy
African markets are navigating a mix of inflation concerns, capital-raising activity and corporate expansion. Kenya’s banks are pushing for higher read more AFRICA FINANCE IN BRIEF: Rate hike calls, infrastructure capital, currency pressures dominate markets
The Central Bank of Nigeria has unveiled a revised Foreign Exchange Manual aimed at enhancing trust in the foreign exchange market. This initiative is part of ongoing efforts to restore order and rebuild confidence in Nigeria's financial systems.
The federal government missed its oil revenue target by N2.79 trillion in Q3 2025. This shortfall highlights ongoing challenges in the oil sector's performance.
Nigerian small business owners may soon access loans without needing collateral, addressing a significant barrier to funding. This change could empower many entrepreneurs to grow their businesses and stimulate economic activity.
Bismarck Rewane predicts that the Dangote Refinery's IPO will significantly enhance the Nigerian Exchange's capitalisation to N236 trillion. This development is expected to positively impact the market and investor confidence.
Nigerian banks will incur a N100 million fine for violations of foreign exchange regulations under new rules from the Central Bank of Nigeria. This move aims to enforce compliance and strengthen the forex market.
Henry Agbebire discusses plans to transform Nigerian airports into significant economic centers. The Federal Airports Authority of Nigeria aims to enhance its transformation agenda for better economic impact.
Enugu residents and vendors are worried about the rising prices of tomatoes, pepper, and crayfish. Sellers attribute the increase to the off-season period and high transportation costs.
Nigeria has achieved its first Fitch rating upgrade in nearly 21 years, marking a significant milestone for the country's economy. This upgrade reflects improved economic conditions and investor confidence in Nigeria's financial stability.
The naira has fallen to N1,397 per dollar in the parallel market, a decline from N1,390 the previous day. This depreciation highlights ongoing challenges in Nigeria's currency stability.
The World Bank has approved a $900 million funding deal aimed at upgrading Iraq's road infrastructure. This initiative is expected to enhance safety and connectivity throughout the country.
Tanzania and Nigeria are working to enhance their trade relationships through economic diplomacy. This initiative aims to boost bilateral trade and investment opportunities between the two nations.
An expert emphasizes the need for greater investment in solar energy research to improve Nigeria's power supply. This initiative is also seen as a way to foster youth development and accelerate the transition to renewable energy.
Bitcoin has fallen below $60,000 for the first time since October 2024, marking a significant decline. This drop comes after a period of record highs following Donald Trump's election.
The eurozone economy unexpectedly contracted in the first quarter, primarily due to a significant decline in Ireland's GDP. This downturn highlights ongoing issues linked to the accounting practices of multinationals in Ireland.
Across Nigeria, thousands of young people are eager to participate in the digital economy, build technology solutions, and contribute to read more SATH Foundation targets youth innovation with new initiative
Oghenevwede Ohwovoroile in Abuja An author, Chuka Modebe, has stated that Nigeria’s problem is not corruption but system failure. He stated this at the launch of his book ‘It Starts with
Nigeria is garnering significant interest from investors and development finance institutions for refinancing and funding projects. The finance minister highlighted the influx of investment and loan proposals aimed at boosting the economy.
Nigeria is looking to refinance its debt and secure new funding to support development projects. This initiative comes as investor confidence improves and crude oil prices rise.
Nigeria has emerged as the fifth-best performing country in Africa in the 2026 edition of the Africa Performance Index compiled read more Nigeria ranks fifth among Africa’s best-performing countries in 2026
While major cities account for over 70 percent of quality hotel offerings in the country, hope seems to rise for read more Hotel developers, brands target secondary cities, mid-scale offerings in market shift
Lagos workers are calling for proper consultation and economic considerations regarding the proposed N100,000 minimum wage. They emphasize the importance of a tripartite approach in the wage renegotiation process.
The Nigerian naira showed stability against the US dollar in both official and parallel markets. Traders are closely watching liquidity and demand factors influencing the exchange rate.
Investing in farmers is crucial for addressing food security and climate action in West Africa. Farmers play a key role in interpreting nature's signals for agricultural insights.
Jumia CEO Francis Dufay believes Nigeria's economic adjustments are creating a more favorable business environment. He emphasized the country's position as a center of reform and growth during a panel discussion in New York.