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• Profit falls 3.9% to N462bn despite improved oil, gas output •Oil company records N4.3tn revenue Emmanuel Addeh in Abuja Nigerian National Petroleum Company Limited (NNPC) yesterday announced that it
Senator Abiru has announced a new 504kWh mini-grid in Epe, Lagos, aimed at boosting employment and business opportunities. The initiative is expected to enhance livelihoods by providing reliable electricity.
Nigeria issued 7,942 oil service permits and 49 licenses in the first quarter of 2026, indicating strong activity in the oil and gas sector. This reflects growing investor confidence in the industry.
The World Bank has recognized the reforms at Apapa and Tincan ports, highlighting their significant improvements globally. This validation is largely attributed to the successful implementation of the Ètò electronic call-up system.
The IMF reveals Nigeria’s budgets hide a 2% GDP fiscal gap due to unrecorded spending, urging transparency and legislative reforms to address the issue.
Nombank aims to expand its share of Nigeria’s SME banking market by leveraging merchant transaction data to offer credit and banking products to small busi
The Nigerian equities market opened July with a N2.39tn loss, driven by selling pressure on major stocks. Stay updated on market trends and investor sentim
Nigerian Exchange Limited announces its Half-Year 2025 NGX Index Review results. NASCON and Unilever join the NGX 30, reflecting market rebalancing.
The World Bank has approved a $1.25 billion loan for Nigeria to support job creation and economic growth. This decision comes despite concerns regarding the country's rising debt levels.
Nigeria has resumed importing soybeans from the United States, bringing in 62,000 tonnes after a six-year hiatus. This move aims to complement local production and enhance demand for soybeans in the country.
Nigeria's inflation rate has increased to 15.93%, breaking an 11-month trend of decreasing prices. This rise is attributed to global oil price fluctuations and higher energy costs.
NNPC reported a revenue decline of N636 billion in May 2026, despite maintaining stable oil production levels. This drop highlights ongoing financial challenges for the national oil company.
The Nigerian insurance sector reported a gross premium income of N2.3 trillion for the year 2025. This was announced by Mr. Kunle Ahmed, the outgoing Chairman of the Nigerian Insurers Association.
Nigeria aims to lead digital trade in Africa, targeting a $712 billion market. Minister Dr. Jumoke Oduwole emphasizes the country's commitment to unlocking this potential.
Alert Group's Goldbucks is enhancing financial inclusion and wealth creation for Nigerians. The digital savings platform is seen as a significant contributor to Nigeria's economic development.
The Nigerian stock market opened July 2026 with a significant loss of N2.39 trillion due to ongoing selling pressure. This decline reflects a negative investor sentiment in the market.
Nigeria and AfCFTA are championing Africa’s $180bn digital trade economy, urging accelerated growth and integration to unlock vast untapped opportunities a
Despite crude oil prices dropping below $72, petrol prices in Nigeria remain above N1,000. Marketers warn against price controls amid consumer exploitation
Nigeria and Liberia are set to strengthen their economic relations at an upcoming investment forum. This initiative aims to enhance bilateral trade and investment opportunities between the two nations.
Airports in South East Nigeria are struggling with operational challenges due to insufficient financial returns. Experts emphasize the need for strategic planning to ensure these assets are effectively utilized.
The NDIC has started making payments to depositors after the CBN revoked the licenses of 46 microfinance banks. This action ensures that depositors are protected and can access their funds despite the banks ceasing operations.
Governor Namadi has declared Jigawa State open for business during the J-INVEST 2026 summit. He also unveiled an economic blueprint aimed at driving sustainable growth in the region.
Afreximbank highlights the positive impact of Dangote Refinery on Nigeria's economy by stabilizing the naira and reducing foreign exchange pressure. The refinery has significantly decreased the country's fuel imports.
NNPC's revenue dropped by N636 billion to N4.34 trillion in May 2026, despite stable production levels. The report highlights ongoing challenges affecting the company's financial performance.
The NDIC has started the asset acquisition process for 46 collapsed microfinance banks. The public is advised to avoid any transactions with these banks.
Vice President Shettima urges Nigerian states to leverage their local strengths to boost economic growth. He emphasizes the importance of federal reforms and investments in achieving this goal.
Nigeria has transitioned from economic decline to macroeconomic stability, according to Finance Minister Taiwo Oyedele. This marks a significant improvement in the country's economic outlook.
Google has gone beyond its five-year commitment to invest $1 billion in Africa, announcing a fresh wave of artificial intelligence read more Google accelerates Africa’s AI economy after crossing $1bn investment milestone
This article is presented in two parts. In this first part, the focus is on understanding the conceptual foundations of read more CBN’s New Payments Framework: Is Nigeria Introducing Functional Separation into the Payments Ecosystem? Part 1
The World Bank has approved a $1.25 billion financing package for Nigeria aimed at supporting economic reforms and stimulating private investment. This funding is expected to accelerate job creation in the country.