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The CPPE has cautioned that a proposed ban on textile fabric imports could threaten Nigeria's N10 trillion garment and tailoring sector. They warn of significant collateral costs that may arise from such a decision.
Customs officers in Sokoto and Zamfara have been urged to maintain integrity and foster trust among stakeholders. This approach is seen as vital for driving economic development in the region.
The Central Bank of Nigeria reports that Currency Outside Banks has reached a one-year peak of N5.19 trillion, making up 91.3% of the total currency in circulation. This significant rise reflects changing financial behaviors among Nigerians.
The Nigerian stock market has rebounded, gaining N653 billion in value. This increase reflects a positive shift in investor sentiment and market performance.
Nigerian securities traders are expressing strong criticism towards FTSE Russell for delaying the country's upgrade to the Frontier Market. The pause is attributed to changes in the T+1 settlement process, which has raised concerns among domestic stockbrokers.
James Emejo in Abuja Norrenberger Advisory Partners Limited (NAPL), said it has strengthened its position in the Nigerian capital market, executing transactions worth about N608.93 billion in the first half
European investors have launched a new €20 million initiative to enhance Nigeria's funding strategy. This investment aims to support infrastructure, agriculture, and SMEs in the country.
Butchers in Kaduna are celebrating the upgrade of their abattoir, which includes modern cold storage facilities. This improvement has significantly reduced meat waste and enhanced hygiene, leading to increased income for the butchers.
Nigeria's power industry is at a crucial turning point, requiring AI, market reforms, and strong political commitment for future growth. The sector's evolution is vital for enhancing the country's economic landscape.
UBS reports a remarkable increase in global personal wealth, leading to a record number of new millionaires in 2025. This surge reflects significant economic growth and wealth creation worldwide.
Finance Minister Taiwo Oyedele has defended the government's borrowing strategy, emphasizing the importance of its purpose and potential returns. He aims to shift the narrative around Nigeria's debt perception amidst ongoing criticism.
The US Supreme Court has rejected Donald Trump’s attempt to restrict birthright citizenship, upholding the right for nearly everyone born on US soil. Read
Tagged The State of Nigeria’s Creative Economy 2026 Report, it is based on responses from 377 creative professionals. The post Payment processing, FX hindering Nigeria’s creative exports — Report appeared first on Premium Times Nigeria.
Global index provider FTSE Russell has placed its planned reclassification of Nigeria back to Frontier Market status under “further review.” read more FTSE Russell stops Nigeria’s Frontier Market upgrade on T+1 shift
The court, in an eagerly awaited decision on the final day of its term, ruled 6-3 to maintain the right to American citizenship for nearly everyone born on US soil. The post US Supreme Court Rejects Trump Bid To Restrict Birthright Citizenship appeared first on Channels Televisio...
Finance Minister Prof. Taiwo Oyedele has defended the government's borrowing strategy, emphasizing its necessity for economic growth. He advocates for viewing debt as a tool for investment rather than a moral failing.
Kenya’s annual inflation rate slowed in June for the first time in four months, offering a measure of relief to read more Kenya inflation eases to 6.4%, first decline since Middle East war
Shareholders and market observers are turning their attention to Zenith Bank Plc as the financial powerhouse gears up for its read more Zenith Bank: Interim dividend in focus as Board meets July 29
Finance Minister Taiwo Oyedele credits President Bola Tinubu's reforms with averting a potential economic collapse in Nigeria. These actions are seen as crucial for stabilizing the country's economy.
Nigeria's electricity consumers grew to 12.16 million in Q4 2025, marking a 1.11% increase from the previous quarter. This growth reflects ongoing improvements in the electricity sector, as reported by the NBS.
The latest figure at the Nigerian Foreign Exchange Market indicates that the naira remained within the ₦1,370 to ₦1,380 range seen in recent sessions. The post Naira To Dollar Exchange Rate Today, June 30, 2026 appeared first on Channels Television.
Insurance service expenses were the major pressure point as they not only more than doubled to N8.3 billion, but also crowded out insurance revenue, which had risen by 47 per cent. The post Galloping costs spur 49.2% drop in Universal Insurance’s annual profit appeared firs...
New UK reforms require asylum seekers to pay £10,000 towards housing and support before settlement, aiming to reduce taxpayer burden.
Germany is facing a significant shortage of skilled workers, needing 400,000 annually to fill vacancies. Rural areas are particularly affected, with a vacancy rate of over 61 percent compared to 41 percent in cities.
The Nigerian Coast Guard's roadmap aims to create five million jobs in the blue economy while enhancing maritime security. This initiative is expected to significantly boost the country's economic prospects and safety at sea.
Sri Lanka has announced a reduction in fuel prices following a ceasefire in the Middle East. Diesel will drop by 25 rupees per litre, while petrol will decrease by 20 rupees.
The Nigeria Employers Consultative Association (NECA) reports that many businesses, especially MSMEs, are struggling due to government economic policies. This situation highlights the need for policy adjustments to alleviate the burdens faced by these enterprises.
SMEDAN has secured a $12 million commitment from Korea to establish a skills acquisition center. Additionally, they unveiled a N500 million zero-interest fund for MSMEs.
Nigerians are facing significant increases in energy costs, with petrol prices rising by 55%, kerosene by 37%, and diesel by 86% over the past year. This surge in fuel prices continues to impact the daily lives of citizens across the country.
As June draws to a close and Africa enters the second half of 2026, the continent’s financial markets are ending read more AFRICA FINANCE IN BRIEF: Africa’s markets end first half on a strong footing