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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?
Afreximbank's Dr. George Elombi has called on Nigeria and other African countries to cease lithium exports, crucial for electric vehicle batteries. This move aims to bolster local industries and retain value within the continent.
The Federal Government is seeking enhanced development finance and increased private capital to achieve its $1 trillion economy goal. Officials emphasize that relying solely on public funds is insufficient for the country's economic plans.
The Nigerian Naira maintained a steady path against the United States Dollar at the start of Friday’s trading session, reflecting subtle shifts across both the official window and the parallel market. The post Dollar to Naira exchange rate today, July 3, 2026 appeared first on ...
Nigeria is set to face a lubricant supply squeeze due to tightening global base oil supplies and rising prices, impacting West African imports. Learn more
African startups raised $3.9bn in 2025, marking a significant rebound in funding. Discover how venture debt and diversified investments are driving African
The Bank of Industry has been allocated N645 billion to support the economy and is expected to create 1.68 million jobs by 2025. Leaders commend the bank's governance and its impact on manufacturing companies in Nigeria.
The Naira has fallen to N1,403 per dollar in the black market, a decline from N1,385 per dollar the previous day. This depreciation reflects ongoing challenges in Nigeria's currency market.
The Chartered Institute of Stockbrokers (CIS) has challenged FTSE Russell's decision to delay Nigeria's reclassification to Frontier Market status. They view this as a temporary review process, indicating optimism for future developments.
Trade between Nigeria and the United States has increased by 14%, approaching $15 billion by 2025. This growth reflects strengthening economic ties between the two nations.
Shell and nine Nigerian banks have initiated a $3 billion funding program to support local oil service providers. This initiative is expected to significantly enhance the capabilities of indigenous contractors in the oil sector.
Olayemi Cardoso, Governor of the Central Bank of Nigeria, has launched a vision to transform Nigeria into a global fintech production center. He urged banks to invest N4.65 trillion in the real sector to support this initiative.
Senator Abubakar Bagudu has informed global investors in Germany that President Tinubu's reforms have enhanced Nigeria's investment climate. He emphasized the country's commitment to sustainability and green investments at a recent conference.
Ejiofor Alike Nigeria faces a direct fiscal alarm bell in the third quarter (Q3) of 2026 as crude oil price dips below $80 per barrel amid fragile global stability, with
The Central Bank of Nigeria's revocation of 46 microfinance banks has sparked discussions on the need to revise existing regulations. This move highlights ongoing concerns within the industry regarding compliance and operational standards.
Dangote Petroleum Refinery has lowered its petrol price by N50 to N1,075 per litre, enhancing competition in the market. This move is expected to benefit Nigerian consumers significantly.
Aviation fuel marketers are optimistic that Jet A1 prices will decrease to pre-Iran conflict levels. This development is expected to benefit airline operators significantly.
Adegboyega Oyetola has highlighted the importance of improved maritime governance for Africa's economic transformation. He emphasized its critical role in supporting the African Continental Free Trade Area (AfCFTA) and the development of the blue economy.
Troops successfully foiled a midnight Borno ISWAP attack in Mairari, Guzamala, inflicting heavy casualties on terrorists, though two soldiers and one CJTF
Lagos State is partnering with an organization to enhance funding opportunities for women exporters, providing access to N5 million. This initiative aims to improve product quality and reduce rejections in international markets.
Nigeria's crude oil production has increased to about 1.66 million barrels per day, which is a positive sign. However, experts warn that this should not be seen as a significant achievement given the ongoing challenges in the sector.
Nigeria's exports increased to $1.218 billion from January to May 2026, reflecting significant growth. The surge in container throughput has played a crucial role in this achievement.
The Manufacturers Association of Nigeria has praised the Anambra State Government and AIRS for their efforts to ease the tax burden on manufacturers. However, there are concerns regarding the implications of these tax breaks.
President Tinubu claims that recent economic reforms are stabilizing Nigeria's economy and boosting investor confidence. He acknowledges the challenges faced but emphasizes the positive outcomes of these difficult steps.
Dangote Petroleum Refinery reports spending over $4.48 billion on crude oil in the last two months. This expenditure has postponed significant reductions in fuel prices for consumers.
Dangote Refinery has reduced the price of petrol to N1,075 per litre, marking its fourth decrease this month. This move is expected to positively impact consumers amid ongoing economic adjustments.
President Tinubu has inaugurated West Africa's largest lithium processing plant in Nasarawa. This facility is expected to create jobs and enhance local value addition in Nigeria's solid minerals sector.
The UNDP calls for Nigeria to transition from oil to renewable energy, citing reduced conflict, stable supply, and environmental benefits. Learn about the
Dangote has reduced the petrol price to ₦1,075 per litre and opened sales to all qualified marketers. This move is expected to enhance competition in the market.
The Chartered Institute of Stockbrokers (CIS) has described FTSE Russell’s decision to defer Nigeria’s planned reclassification to Frontier Market status read more Chartered Institute of Stockbrokers says Nigeria’s shortened settlement cycle remains landmark achievement