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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.
The decision further strengthens judicial restrictions on the commission’s authority to impose monetary sanctions on broadcast organisations without court intervention. The post Court Of Appeal Strikes Out NBC Appeal, Upholds Ban On Broadcast Fines appeared first on Channels Te...
The Nigerian government emphasizes that the country's economic growth is dependent on advancements in digital technology. This focus aims to enhance both economic development and public service delivery.
By Obas Esiedesa, Abuja The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has expressed confidence that Nigeria can increase crude oil production to 1.9 million barrels per day (bpd), following recent gains that pushed output to a peak of 1.86 million bpd in May. The ...
Troops of Sector 2, Operation FANSAN YAMMA, have rescued seven kidnapped victims and foiled coordinated abduction attempts in Katsina and read more Troops rescue 7 kidnap victims in Katsina, Zamfara, foil abduction attempts in North West operations
Nigeria has raised more than $4.5 billion from international investors in the last two years, attracting record demand despite concerns read more Why Nigeria is looking beyond Eurobonds for foreign financing
Fuel marketers across Abuja on Wednesday continued to sell Premium Motor Spirit (PMS), popularly known as petrol, at old prices more than 24 hours after the Dangote Petroleum Refinery announced a reduction in its ex-depot price. The post Marketers retain high petrol prices despit...
The Central Bank of Nigeria (CBN) has said the country’s current account surplus rose by 46 percent year-on-year to $4.98 billion in the first quarter of 2026 (Q1’26). The post Nigeria’s current account surplus rises 46% to $4.98bn appeared first on Vanguard News.
Eligible shareholders, who accept the tender offer, will receive a cash consideration of N38 per share, net of any applicable tax, from Xenergi. The post Premier Paints’ new core investor, Xenergi, launches a tender offer for minority shares appeared first on Premium Times Nige...
Nigeria will shed more than half of its federal revenue into debt servicing by 2026, threatening to cripple funding for read more IMF warns Nigeria will spend over half its revenue on debt servicing
Etim Etim Founder of Zenith Bank, Jim Ovia, is expanding his business portfolio into the luxury end of Nigeria’s real estate business, betting that high-end property offers stronger returns than
Edo State is being positioned as a prime destination for oil and gas investments under Governor Monday Okpebholo's administration. The government is implementing policies to foster growth and innovation in the sector.
Introduction Nigeria’s sachet economy is one of the most commercially consequential features of the Fast-Moving Consumer Goods (FMCG) sector. Over read more Beyond Affordability: Regulating Nigeria’s sachet economy
Eguarekhide Longe, managing director, NASD Plc speaks on how businesses can leverage capital market to access long-term funding for sustainable read more Alternative securities market plays critical role in addressing SMEs financing gaps – Longe
SpaceX IPO is seen by many experts as a landmark moment in global financial markets The post JustMarkets to launch SpaceX stocks CFDs trading for clients appeared first on Premium Times Nigeria.
In a significant development in the ongoing multi-billion naira money laundering trial of Yahaya Bello, a key prosecution witness testified read more Witness clears Yahaya Bello of property deals in EFCC trial
Experts have identified stronger local market confidence, reliable data, and strategic investment in creative infrastructure as the critical elements required read more Nigeria’s creative economy needs stronger local markets, data to monitise global creative influence
The Nigerian Institute of Public Relations and the Nigerian Export Promotion Council are teaming up to promote Nigerian-made products globally. This collaboration aims to strengthen the nation's economy by enhancing the visibility of local goods and services.
While rising energy prices and supply chain disruptions linked to conflict in the Middle East are reigniting inflationary pressures across read more Three African economies are winning the inflation fight despite global shocks
PETROAN explains that reductions in ex-depot fuel prices take time to be reflected at gas stations due to various influencing factors. This highlights the complexities of local fuel pricing in Nigeria.
Nigeria has allocated N20.4 billion for the importation of various goods including umbrellas and footwear over the past three months. This spending highlights the country's ongoing reliance on imports for consumer goods.
The Islamic Development Bank has approved $2.8 billion for development projects in Nigeria and other nations. This funding aims to support various initiatives and enhance economic growth in the region.
South Africa’s annual inflation rate accelerated to its highest level in almost two years in May, driven primarily by soaring read more Fuel shock pushes South Africa’s May inflation to highest level since 2024
For centuries, Nigerians have gathered around fire. From the suya corridors of Kano and Kaduna to the fish grills of read more From suya stands to premium brands: Meet entrepreneurs building Nigeria’s grill economy
PIGD has praised Governor Caleb Manasseh Mutfwang for his strategic initiatives that are enhancing Plateau's agricultural sector. These efforts are seen as pivotal in transforming the state's agricultural potential into economic growth.
Africa’s mobile industry is on track to contribute $290 billion to the continent’s economy by 2030, but the biggest challenge read more Africa’s $290bn mobile boom hinges on closing digital usage gap
"There hasn't been a decision yet. There is like a pre-decision to explore the alternative. Of course, your country (Nigeria) is a big oil producer country, an exporter, etc. So the discussion in your country is different than in other countries," the DG said. The post EXCLUSIVE:...
The Transmission Company of Nigeria (TCN) has expressed alarm over rising vandalism incidents affecting power infrastructure in Niger State. This trend threatens economic stability, safety, and electricity supply in the region.
Economic experts have advised the Nigerian government to be wary of costly foreign loans and proposed VAT increases as recommended by the IMF. They emphasize the need for careful consideration of these policies to avoid negative impacts on the economy.
The Consumer Prices Index level matched April's reading, the Office for National Statistics said, while an analyst's consensus forecast had been for an increase to 3.0 per cent. The post UK Annual Inflation Stays At 2.8% In May appeared first on Channels Television.