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The President of AFBTE, Chinedum Okereke, has highlighted that Nigeria's high interest rates are severely impacting businesses. He emphasized that despite a recorded growth, the financial burden remains a significant challenge for the sector.
A report suggests that increased AI adoption could add $22 billion to Nigeria's GDP by 2035. The government is collaborating with Meta to launch an AI chatbot aimed at enhancing governance and service delivery.
Nigeria's National Single Window portal has successfully processed over 39,000 trade applications in just eight weeks. This reflects an increasing dependence on the platform for trade facilitation.
Edo State Governor, Monday Okpebholo, has provided working capital to 637 beneficiaries of the LIFE-ND agribusiness project. This initiative aims to enhance youth empowerment in the region.
Kayode Fayemi has urged African leaders to embed tourism into their economic development strategies. He emphasizes the need for sustainable tourism policies that transcend electoral cycles.
Nigeria's poultry industry is in crisis due to soaring feed and chick costs, making eggs and chicken unaffordable for many. This situation poses a significant threat to the country's food security.
A 30-year-old Osun man has been sentenced to death by hanging for the murder of a 62-year-old woman at a palm oil processing site. Read more on this Osun m
The Naira has appreciated to N1,376 per dollar in the parallel market, matching the official market rate. This is an improvement from the previous rate of N1,387 per dollar.
NNPC has accused Dangote Refinery of attempting to establish a fuel monopoly, which could jeopardize Nigeria's energy security. The oil corporation warns that this move may lead to supply disruptions and price instability.
Lagos State Government achieved a total revenue of ₦2.6 trillion in 2025, with Internally Generated Revenue (IGR) reaching ₦1.87 trillion. This marks a significant financial milestone for the state.
NNPC argued that Dangote refinery’s lawsuit against fuel import licences could create a monopoly, threaten supply security and destabilise Nigeria’s fuel market. The post NNPC accuses Dangote refinery of seeking fuel monopoly in court filing appeared first on Premium Times Ni...
Ram prices in Kano have reached N700,000, but sellers are facing low patronage ahead of Eid-el-Kabir. This situation has raised concerns among the sellers despite a high supply of livestock.
One Acre Fund Nigeria has launched a program to provide credit support to 88,000 smallholder farmers in Nasarawa, Niger, Kwara, and Plateau states. This initiative aims to enhance agricultural yields and improve the livelihoods of local farmers.
The Federal High Court in Abuja has granted the Central Bank of Nigeria exclusive ownership of the eNaira digital currency platform. This decision reinforces the CBN's control over Nigeria's digital currency initiative.
Nigeria’s state oil firm NNPC has accused Dangote Petroleum Refinery of seeking to restrict competition and expose the country’s fuel read more Nigeria’s NNPC accuses Dangote refinery of seeking fuel monopoly in court filing
Recent tax reforms highlight a widening gap between states that can attract businesses and those reliant on FAAC funding. Productive states are set to gain more from these changes, emphasizing the need for economic diversification.
The Forex trading landscape in Nigeria has witnessed a remarkable surge in recent years, with more and more Nigerians seeking reliable and trustworthy brokers to navigate the complexities of the global financial markets. Amidst the sea of Forex brokers vying for the attention of ...
NNPC is raising concerns about a monopoly as Dangote pushes into the petrol market following the failure of state refineries. The company warns that its fuel import rights could be jeopardized by this competition.
Japan is set to receive its first crude oil shipment through the Strait of Hormuz since the outbreak of the read more Japan receives first Saudi crude cargo through Hormuz since Iran war
Nigerians are increasingly using Monica Cash for faster bitcoin to naira withdrawals amid rising demand for quicker settlement systems. The platform, operated by Monica Technologies Limited, is gaining traction in the digital asset market.
BMONI and Mastercard collaborate to offer Nigerians instant access to Naira and USD virtual and physical cards, simplifying local and cross-border transact
Morocco recorded a sharp rise in inflation in April as higher fuel and transport costs linked to tensions in the read more Morocco inflation climbs to 1.7% on rising transport, fuel costs
Nigerian Breweries Plc says it is prioritising local currency funding and aggressively reducing foreign exchange exposure after the naira volatility of read more Nigerian Breweries to prioritise local currency funding after recovering from FX crisis
The judge agreed with the CBN and other defendants' arguments that though the company had been incorporated since 2004, it had a misleading name. The post Court orders company to drop ‘Naira’ from its name appeared first on Premium Times Nigeria.
The memo further announced the suspension of the allowance due to the university’s worsening financial situation.
Global oil markets are experiencing unprecedented supply disruptions, leading to a significant decline in inventories. This situation could have far-reaching implications for economies reliant on oil exports.
BUA Cement's Chairman, Abdul Samad Rabiu, attributes the rising cement prices in Nigeria to increased energy and transport costs. This highlights ongoing challenges in the construction sector.
West African factories require more than just reliable power to enhance their competitiveness against emerging markets. Policymakers need to address various factors to close the industrial gap effectively.
Nigeria's trade surplus surged to $480 million in January 2026, marking a significant 220% increase from the previous month. This growth was largely attributed to a rise in export receipts, particularly from petroleum products.
Nigeria's new yield trade is attracting investors to commercial paper, enhancing its role in the fixed-income market. This shift indicates a growing confidence in alternative investment avenues within the country.