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Peter Obi has expressed concern over President Tinubu's plan for Nigeria to spend $11.6 billion on debt servicing in 2026. This statement was made during the Africa Forward Summit in Nairobi, highlighting potential economic challenges ahead.
Aliko Dangote’s refinery is no longer playing nice as the US$20 billion plant has returned to the courtroom, nearly a read more Dangote’s legal siege pitches monopoly against the market in a Lekki lockdown
The Independent Media and Policy Initiative (IMPI) has stated that the savings from the removal of fuel subsidies are inadequate to address Nigeria's infrastructure deficit. This highlights ongoing challenges in funding essential development projects in the country.
Nigeria’s banking sector may be losing about N2.5 trillion annually in earnings due to the Central Bank of Nigeria’s high read more Nigerian banks lose N2.5tn in annual earnings to CBN’s high CRR
There is a pattern in Nigeria’s economic management that has become all too familiar. When revenues fall short and structural read more Debt without discipline: Nigeria’s familiar fiscal trap
The Naira to Dollar exchange rate reflects ongoing efforts by the Central Bank of Nigeria to enhance liquidity. This move aims to stabilize the foreign exchange market in Nigeria.
Productivity remains one of the clearest indicators of how efficiently an economy converts labour into economic output. Measured by gross read more Top 10 most productive countries in the world in 2026
Global stocks are declining as oil prices approach $110, raising concerns about economic stability. G7 finance ministers will meet to address these issues amid geopolitical tensions that may challenge their unity.
A News Agency of Nigeria survey at Oba, New Benin, and Uselu markets showed litre prices recently declined from between N1,500 and N1,600 to approximately N1,200 and N1,300 across several trading outlets. The post Fragile relief as palm oil prices drop in Benin appeared first on...
Palm oil prices in Benin have decreased from N1,500-N1,600 to about N1,200-N1,300, providing some relief to consumers. This price drop was observed across several markets, including Oba and Uselu.
It added that a verification letter from the surety's immediate department must be submitted alongside a tax clearance certificate covering the last six months. The post Phone-Tapping Charge: Court grants El-Rufai N100m bail, seizes passport appeared first on Vanguard News.
Payaza’s credit rating is upgraded from BBB to A- by Agusto & Co., signaling rising market confidence in its financial strength and stability.
Tatum Bank has announced a strong financial performance for the 2025 financial year, recording a Profit Before Tax (PBT) of read more Tatum Bank Records N1.7 Billion Profit Before Tax in First Financial Year
The article from BusinessDay discusses various economic developments in Nigeria. It highlights key trends and insights relevant to the business community.
The Oyo State Government has introduced a Digital Labour and Skills Database to enhance job creation and workforce coordination. This initiative is expected to significantly improve employment opportunities in the region.
Cartoon: Generational renewable debt The post Cartoon: Generational renewable debt appeared first on Vanguard News.
A tragic report reveals that 2,800 former textile workers have died while waiting for unpaid entitlements since their companies shut down between 2002 and 2004. Over 9,000 employees were left jobless and financially stranded due to the closure.
A recent survey indicates that 63% of Nigerians are in favor of reducing interest rates. This comes as the Central Bank of Nigeria prepares for a Monetary Policy Committee meeting amidst various economic pressures.
The SEC has issued a warning to Nigerians about the dangers of unregistered online investment schemes on social media, highlighting their Ponzi scheme characteristics. This caution aims to protect investors from potential financial losses.
Nigeria's manufacturing exports have remained stagnant for four years, even as total export values have increased. This trend highlights ongoing challenges in the manufacturing sector despite overall trade growth.
The Nigerian naira experienced slight fluctuations against the US dollar on May 18, 2026, amid ongoing demand for foreign exchange. This trend reflects the continuing pressures in the forex market.
Aliko Dangote has pledged to enhance food security in Africa by investing in large-scale fertiliser production. He believes the continent can achieve self-sufficiency and even become a net exporter of agricultural products.
Nigeria's manufacturing exports have remained stagnant for four years, despite an increase in total export value. This trend raises concerns about the competitiveness of the manufacturing sector in the country.
The Nigerian stock market continued its upward trend, gaining N3.34 trillion as investor interest surged. This growth was driven by strong performances in banking, consumer goods, and select industrial stocks.
Street food vendors are adapting to rising tomato prices by turning to 'esa', a cheaper alternative. This shift reflects the broader economic challenges affecting food affordability in Nigeria.
Eighteen countries are implementing various measures to protect their citizens from the rising global energy prices. These measures include subsidies, tax cuts, and price caps aimed at alleviating the financial burden on households.
An expert has attributed the decline in property investment in Nigeria to fraud, poor land records, and economic instability. These issues are significantly impacting investor confidence in the real estate sector.
The Nigerian capital market surged as investors traded 7.77 billion shares valued at N374bn. Explore the sectors and stocks driving this impressive growth.
The Bank of Industry has secured a $200 million support from the African Development Bank to enhance financing for SMEs, women, and youth enterprises. This initiative aims to bolster local manufacturing and promote a sustainable economy in Nigeria.
A recent report indicates that women own 40% of businesses in Nigeria. However, they encounter significant challenges in accessing credit, which impacts economic growth.