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Nigeria's current account surplus has surged by 46% to $4.98 billion in Q1 2026. This growth reflects positive economic trends as reported by the Central Bank of Nigeria.
Oil prices have dropped over $1 per barrel, sparking optimism for a return to pre-war fuel costs in Nigeria. This decline follows an interim agreement between the U.S. and Iran.
Nigeria’s economic environment has become increasingly complex for investors. Inflationary pressures, currency fluctuations, interest rate adjustments and global uncertainties have read more Building wealth in volatile markets: Smarter investment strategies for Nigerians
Nigeria’s economic environment has become increasingly complex for investors. Inflationary pressures, currency fluctuations, interest rate adjustments and global uncertainties have read more Building wealth in volatile markets: Smarter investment strategies for Nigerians
The memorandum of understanding aims to put an end to months of conflict initiated by US-Israeli strikes on Iran in February, which wreaked chaos across the region and rattled the global economy. The post End To Iran’s Nuclear Weapon Ambition, $300bn Reconstruction Aid, Details...
The naira showed relative stability against the US dollar on June 18, 2026, amid ongoing monitoring of foreign exchange liquidity. Traders are keeping a close eye on demand pressures in the market.
Nigeria’s top female tennis player, Mohammed Khadijat, dominates to reach the CBN Tennis Championship quarter-finals. Read about all the latest results her
NNPCL is facing significant challenges regarding its financial management, raising concerns about its future. The ongoing controversy has sparked discussions in the Senate that should not be overlooked.
The IMF has raised concerns about Nigeria's increasing public debt, urging the government to take action. This warning highlights the need for effective debt management strategies in the country.
The Nigerian stock market has seen a decline of N2.5 trillion over three days due to negative investor sentiment. This trend reflects a cautious approach from investors amid current market conditions.
Nigeria's wheat self-sufficiency project is stalled due to the finance ministry's delay in releasing funds from the African Development Bank. This setback hampers efforts to reduce the country's wheat import bill.
The Naira has fallen to N1,405 per dollar in the black market, a decline from N1,389 per dollar earlier this week. This depreciation highlights ongoing challenges in Nigeria's currency stability.
The FCCPC is working with the Presidency to enhance foreign direct investment initiatives in Nigeria. An analysis supports that strong regulation is essential for attracting legitimate foreign investments.
Nigerian Navy foils crude oil theft, uncovering a camouflaged underground storage site with 17,000 litres of stolen crude oil in Delta State.
Nigeria's current account surplus has reached $4.98 billion in the first quarter of 2026, largely due to strong oil exports. This positive trend is complemented by a decrease in petroleum product imports.
Nigeria's crude oil production is increasing, with the NUPRC setting a target of 1.9 million barrels per day. This reflects ongoing improvements and collaborations in the sector.
Nigeria's solid minerals sector has attracted $3 billion in investments over the past three years. This reflects increasing investor confidence and ongoing reforms under President Tinubu's administration.
The CBN’s new Payments System Vision 2028 aims for biometric-driven, invisible payments but warns of data protection gaps. Learn how this impacts Nigerians
Dangote Refinery slashes gantry prices for diesel and jet fuel by N100. Learn how these Dangote refinery prices impact the market and consumers.
The Centre for the Promotion of Democracy (CPPE) highlights that Nigeria's manufacturing sector has been in a cycle of low growth for 26 years. This stagnation is a significant concern for the country's economic development.
The Nsukka Chamber of Commerce has proposed a N1 billion fund to boost economic growth in the Nsukka Economic Zone. This initiative aims to enhance development and stimulate local industries.
Africa has launched a $176 million fund aimed at providing energy access to 30 million individuals. This initiative addresses the continent's ongoing electricity deficit and aims to improve energy availability.
Charcoal sales have increased in Ebonyi as cooking gas prices rise. Dealers report significant demand, with prices for charcoal ranging from N500 to N1,600 depending on quantity.
Dr. George Akume highlighted the importance of digital infrastructure for Nigeria's economic growth and public service delivery. He emphasized that enhancing this infrastructure is essential for the country's development.
The naira has remained stable in the official foreign exchange market following support from the IMF for Nigeria's removal of foreign exchange limits. This stability comes amid a slowdown in liquidity.
The US Federal Reserve has decided to keep interest rates unchanged for the fourth consecutive meeting. This decision comes with a unanimous vote and an increase in inflation projections.
The CBN has allocated two additional crude oil terminals, Cawthorne and Okwok, to Swede Control Intertek Limited to strengthen transparency in crude oil ex
Vice President Kashim Shettima emphasizes that local governments should spearhead Nigeria's investment and tourism development. He believes a new national compendium will assist states in transforming assets into jobs and productivity.
The Capital Market Solicitors’ Association (CMSA), Nigeria’s leading association of solicitors and commercial law firms engaged in capital market practice, read more CMSA seeks stronger regulatory framework to sustain capital market growth
Nigeria's current account surplus has increased by 256% to $4.98 billion in the first quarter of 2026. This growth is attributed to higher oil and gas exports alongside reduced imports of petroleum products.