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The Nigerian naira showed mixed results against the US dollar on May 14, 2026, influenced by liquidity conditions and Central Bank interventions. Traders are closely observing the market dynamics.
Nigeria's oil output has increased slightly to 1.489 million bpd in April 2026, up from 1.383 million bpd in March 2026. However, this remains below the country's OPEC quota.
To stay relevant in a fast-evolving global economy, Bello Hassan, the former managing director at NDIC, has advised Nigerian accountants read more Bello Hassan urges accountants to embrace digital skills for career opportunities
The Emirates Group has announced record-breaking financial results for the 2025-26 fiscal year, with Emirates retaining its position as the read more Emirates retains world’s most profitable airline after record $6.6bn group profit
Nigeria has spent N6.54 trillion on importing vehicles and auto parts over the past two years. This significant expenditure highlights the country's growing reliance on foreign transport equipment.
Chief Judge John Tsoho has expressed concern over conflicting court rulings that could destabilize Nigeria's banking sector. He warns that inconsistent judicial decisions in financial disputes may lead to systemic instability.
The Naira has appreciated to N1,388 per dollar in the parallel market, improving from N1,395. This rise reflects a positive shift in the currency's value.
Nigeria's reliance on petrol imports is decreasing as local refineries, particularly the Dangote Refinery, increase production. In April, domestic plants operated at over 99% capacity, signaling a positive shift in the country's fuel supply.
The article from BusinessDay discusses various topics relevant to the Nigerian economy. It highlights recent trends and developments that could impact businesses in the country.
A report suggests that Nigeria's debt burden is overstated due to foreign exchange volatility and accounting reforms. It highlights that real debt increased by only 3% over three years, attributing pressure to interest rates and Naira devaluation rather than new borrowing.
Nigeria achieved its highest oil production in 2026, reaching 1.66 million barrels per day in April. This comes despite falling short of the OPEC quota of 1.5 million bpd.
The Nigerian Meteorological Agency (NiMet) and the Central Bank of Nigeria (CBN) have signed a significant MoU to enhance data sharing. This collaboration aims to improve economic decision-making in the country.
Nigerian workers are calling for a new minimum wage amidst ongoing discussions about labor welfare. The gap between political promises and the actual socio-economic conditions remains a significant concern.
Apapa Customs Command warns officers that delays in cargo clearance will not be tolerated, urging professionalism and vigilance to boost revenue and trade.
NNPC and NIPetGE advocate for increased adoption of energy sector AI and digital tech to boost efficiency and sustainability in Nigeria’s oil and gas indus
Consumer spending on firms' cards in Nigeria has increased by 20% during the Ramadan and Eid Al-Fitr period. This growth reflects a positive trend in digital payments in the country.
Feyishetan Akinyemi emphasizes the role of automated wealth tools in helping Nigerians manage their savings amid rising inflation. He believes these tools are essential for financial stability in the current economic climate.
The Lagos State Government is hosting the 'Invest in Lagos 3.0' summit, aiming to attract N4 trillion in local and foreign direct investment. This initiative is expected to boost economic growth and development in the region.
NiMet and CBN have signed an MoU to enhance economic forecasting by sharing data. This partnership aims to improve decision-making processes in Nigeria's economic landscape.
US Vice President JD Vance has acknowledged that the current inflation rate is at a three-year high and described the situation as 'not great'. This marks a notable shift from the previous administration's optimistic messaging.
Nigeria's importation of transport equipment and parts surged to N6.54 trillion over two years, reflecting a 107% increase. This significant expenditure highlights the country's growing reliance on foreign auto parts.
President Bola Tinubu has arrived in Kigali for a two-day summit focused on the Africa CEO Forum. The summit aims to discuss the benefits of Nigeria's economic reforms.
China reaffirms Nigeria as its largest engineering contracting market in Africa, a key trade partner, and a major investment destination on the continent.
Casino tourism is becoming a significant factor in boosting economic growth and enhancing destination branding worldwide. This trend highlights the intersection of hospitality, entertainment, and tourism in modern travel experiences.
Afreximbank is enhancing its financing model for Africa by forming stronger alliances with Central Banks. This initiative aims to support economic growth and development across the continent.
Economists, tax experts, investment analysts have called for stronger alignment between Nigeria’s fiscal reforms and broader industrial and trade policies, read more Nigeria must align fiscal, trade policies for industrial growth –Analysts
Kasim Sumaina in Abuja The Nigerian Meteorological Agency (NiMet), led by its Director General and Chief Executive Officer, Prof. Charles Anosike, Wednesday in Abuja, signed a landmark Memorandum of Understanding
Police in Delta State rescue a two-year-old child from a suspected kidnapper at Igbudu Market. Learn about the dramatic child rescue in Delta.
“Nigeria is laying a strong foundation for sustainable infrastructure growth, job creation, global competitiveness, and innovation-driven, inclusive development,” the NITDA boss, Mr Inuwa, said. The post NITDA, IDCA partner to transform Nigeria’s digital economy appeared fi...
Iran has largely blocked shipping through the strait since the outbreak of war with the United States and Israel on February 28. The post Iran military says control over Hormuz to bring significant economic revenues appeared first on Vanguard News.