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NNPC and its partners have commenced the evaluation phase of the Port Harcourt and Warri refineries despite facing public dissent. The national oil firm assures that the cost of due diligence is being covered by its partners.
Olayemi Cardoso, the Governor of the Central Bank of Nigeria, has urged banks to invest new funding into SMEs, agriculture, and infrastructure. This call follows the recent recapitalisation exercise in the banking sector.
The European Bank for Reconstruction and Development plans to invest at least $1.5 billion in Nigeria. This investment comes as the country experiences a surge in capital due to ongoing reforms.
The World Bank highlights that Nigeria's primary economic challenge is low revenue generation, not high debt levels. It urges the government to focus on improving revenue mobilization for sustainable growth.
Emir Sanusi encourages Nigerians, especially the youth, to pursue entrepreneurship and innovation for economic development. He emphasizes self-reliance as a key component for growth.
The naira has appreciated to N1,395 per dollar in the parallel market, improving from N1,403. This rise indicates a positive trend for the currency in recent trading.
"Whatever you are doing to Mr Emefiele by way of prosecution ought to have been done to Messrs Buhari, Mustapha and Bashirudeen Maishanu and former board members of the CBN under Mr Emefiele," Mr Obazee said. The post Buhari, Boss Mustapha ought to face trial like Emefiele for $6...
The Benue Government plans to launch operations at Taraku Mills by August. This factory, established in 1989, is crucial for producing vegetable oil and other agro-allied products.
The first half of 2026 has turned into one of the toughest periods for the cryptocurrency market since the collapse read more Crypto’s institutional dream meets its toughest test as $2tn sell-off exposes new fault lines
The Supreme Court said the Federal High Court was wrong to have assumed jurisdiction in a matter which was not a maritime dispute, stating it was purely financial and contract related. The post Supreme Court Voids Appeal Court Judgment Against GHL, Orders Return Of Seized Vessel,...
The naira remained resilient in June, appreciating slightly against the dollar despite tighter domestic liquidity conditions, as stronger foreign exchange read more Naira holds firm as CBN support, stronger FX flows offset liquidity squeeze
New vehicle import relief in Nigeria could lead to more affordable car ownership for citizens. This initiative is expected to boost demand and confidence in the automotive market.
South Africa’s private sector returned to growth in June as easing inflationary pressures and resilient hiring lifted business conditions, although read more South Africa’s private sector returns to growth as PMI hits two-month high
Elombi emphasizes the need for an African ratings agency to enhance the continent's economic narrative and address skills shortages in electric battery manufacturing. He highlights the importance of value addition for Africa's growth and mentions the increasing participation of central banks in the PAPSS payment platform.
An analysis reveals which Nigerian state excels in tax collection, highlighting the factors contributing to its success. This insight could inform other states looking to improve their tax revenue systems.
…as T&A Legal holds AI Summit 2026 in Lagos It has been projected that, Artificial intelligence (AI) will contribute as read more AI seen driving $15bn GDP surge in Nigeria by 2030
Rand Merchant Bank has successfully led a $340 million refinancing for Indorama Fertilizer, enhancing Nigeria's non-oil exports and food security. This move is expected to positively impact the agricultural sector in the country.
President Bola Ahmed Tinubu has inaugurated Africa's largest lithium processing plant in Nasarawa, capable of processing 6,000 metric tons daily. This development is expected to boost Nigeria's position in the lithium market.
While markets may price shares every day, shareholders stand to judge companies over decades. In the long run, confidence earned read more How shareholders’ confidence is earned over decades
Traders in Ibadan are facing substantial losses after a fire destroyed a traditional herbs market. Valuable goods worth millions of naira were lost in the blaze.
The World Bank has stated that Nigeria's primary challenge is low revenue rather than high debt levels. It emphasizes that increasing revenue could lead to improved job creation and reduced poverty.
South Africa-listed fintech company Optasia, said it expects revenue for the first half of 2026 to increase by between 50 read more Optasia posts 60% growth outlook, expands across emerging markets
An early morning inferno has destroyed numerous herbal shops and goods worth millions at Ibadan’s popular Bode Market. Firefighters brought the blaze under
Cordros Asset Management has successfully hosted its 5th Financial Literacy Debate in Abuja, promoting the importance of equities as a hedge against inflation. The event underscores the company's commitment to enhancing financial inclusion among the youth.
The Bank of Industry (BOI) has invested N644.9 billion across 14 sectors in Nigeria, resulting in the creation of 1.68 million jobs. This initiative highlights the BOI's commitment to economic development and job creation in the country.
Discover how private debt can help Nigerian businesses overcome financing challenges and achieve sustainable growth. Learn about tailored solutions for you
The Nigerian agricultural sector holds significant untapped potential amidst global economic changes. Investment challenges remain a key concern for the region's socioeconomic development.
The International Monetary Fund (IMF) has reported that Nigeria failed to record public spending equivalent to approximately 2 percent of read more Nigeria’s budget transparency under scrutiny as IMF cites missing 2% of GDP
When Sundry Markets Limited opened its first Marketsquare store in Yenagoa in 2015, the ambition did not immediately announce itself read more The business strategy behind Marketsquare’s decade of growth
The Nigerian stock market has lost more than N13 trillion in market value since reaching an all-time high in May. read more Is the NGX correcting or repricing Nigeria’s recovery?