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The Nigerian naira showed stability against the US dollar on May 11, 2026, in both official and parallel markets. This was attributed to ongoing forex interventions and a careful market outlook.
The Nigerian stock market experienced a bullish trend, with investors gaining approximately N1.1 trillion Week-on-Week. This rally was primarily fueled by increased buying interest in banking and industrial stocks.
Nigerians are re-engaging with the stock market in unprecedented numbers, marking a significant shift in investment behavior. This resurgence signals a potential new era for equities in Nigeria.
Nigeria's stock market is experiencing a significant resurgence as investors return with unprecedented enthusiasm. This renewed interest marks a transformative moment for the country's equities landscape.
Brewing companies in Nigeria have reported a significant increase in revenue despite the ongoing economic challenges. This rise comes amid rising living costs and declining purchasing power among consumers.
Nigerian traders are increasingly shutting down their shops due to rising transportation costs that are severely impacting their profits. The vibrant market activity is being replaced by a noticeable decline in business operations.
The National Association of Aircraft Pilots and Engineers has raised alarms over the high price of Jet-A1 fuel, warning it may jeopardize flight safety and lead to job losses in the aviation sector. Urgent action is needed to address this crisis.
The article argues that Nigeria's economy requires significant reforms to become more market-driven and private sector-led. It emphasizes the need for a streamlined public sector to enhance investment in human capital.
Credits localised decision-making, deeper market penetration Sees double-digit growth momentum Emmanuel Addeh in Abuja Managing Director and Chief Executive Officer of Guinness Nigeria Plc, Girish Sharma, has attributed the company’s strong
Sunday Okobi The Islamic Development Bank (IsDB) has raised US$ 1 billion through a benchmark Sukuk issuance in the capital markets. They stated that after several weeks of closely monitoring
First Holdco and other banks have seen their non-performing loans rise to N3.27 trillion following the end of regulatory forbearance. FBNH alone reports N1.49 trillion in non-performing loans, exceeding the regulatory requirement.
Nigeria's maritime sector shows impressive growth with cargo throughput reaching 32.38 million tons in Q1 2026. This surge is attributed to larger vessels and a significant increase in vehicle traffic by 67%.
The Nigerian stock market experienced a significant increase of N1.10 trillion last week, driven by broad-based gains. This positive trend reflects strong performance in key fundamentals.
Nasarawa State is hosting an investment summit aimed at safeguarding investors as the 2027 elections approach. The event is led by Ibrahim Adamu Abdullahi, the CEO of NASIDA, and has attracted various dignitaries.
Nigerian states' capital spending has decreased by 58% in the first quarter of 2026. This decline is attributed to the intensifying political activities ahead of the 2027 elections.
11Plc outlines plans to expand market share and improve profitability under its new acting Managing Director, Osagie Ogedegbe, following its 48th AGM.
Access ARM Pensions reports impressive growth in its first full year post-merger, with revenue hitting N42.4bn and AUM surpassing N4tn. Learn more.
Ikeja Hotel Plc announces a three kobo per share interim dividend for Q1 2026. Find key dates for payment, e-dividend registration, and market details.
The Emirates Group reports a record $41bn revenue for 2025-26, highlighting strong growth and resilience despite regional geopolitical challenges.
Nigeria's NNPC refineries continue to be a financial burden despite significant investments. The article argues for the urgent need for privatization to alleviate this issue.
Nigeria faces significant structural impediments that hinder its industrialization efforts. Key issues include high energy costs, limited access to finance, and ineffective policies.
The CBN is implementing stricter governance standards following the recent recapitalization of the banking sector. This move aims to enhance Nigeria's financial stability and promote economic growth.
The Nigerite cooperative has reported impressive growth in member savings and financial surplus. This positive trend is attributed to increased confidence, transparency, and welfare initiatives.
Iran imposed a blockade on the vital Strait of Hormuz early in the war, sending global oil prices soaring and rattling financial markets. The post Iran responds to US peace proposal as drones hit Gulf appeared first on Vanguard News.
The Central Bank of Nigeria is calling for greater fiscal discipline among state governments to support the transition to an inflation targeting monetary policy. This move is seen as essential for achieving economic stability in the country.
Women play a crucial role in Nigeria's agriculture, making up 70% of the workforce and producing 80% of the food. Their contributions are vital for food security and economic stability in the country.
The Central Bank of Nigeria is adopting a stricter regulatory approach towards banks after recent recapitalisation efforts. This move aims to enhance governance and promote economic growth within the banking sector.
The NDDC has positively impacted 850 youths in Cross River State by providing training, grants, minibuses, and tricycles. This initiative aims to enhance their livelihoods and promote economic empowerment in the region.
Nigeria's maritime sector experienced significant growth in Q1 2026, with the Nigerian Ports Authority reporting a 19.5% increase in vessel tonnage. Cargo throughput also rose to 32.38 million metric tons, indicating a positive trend in the industry.
The NDDC has successfully trained 500 youths in Cross River and provided them with 350 vehicles to enhance the local economy. This initiative aims to reduce unemployment in the region.