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The Nigerian government has launched a $1 billion fund to enhance export initiatives under the AfCFTA. This initiative aims to boost local production and improve trade competitiveness across Africa.
The Nigerian Shippers’ Council links the traffic congestion at Apapa port to global supply chain disruptions caused by the Middle East crisis. This situation highlights the broader impact of international conflicts on local logistics and trade.
It pointed to growing pressure on infrastructure, housing, transportation, sanitation, and environmental management, stressing the need for innovative solutions. The post Kano Seeks Stronger EU Partnership On Urban Development, Economy appeared first on Channels Television.
Those losses were sparked by strong US jobs data that raised the prospect of higher US interest rates to curb inflation, which would raise borrowing costs for AI firms planning massive spending on chips and data centres. The post Stocks Rise, Oil Eases After Trump Evokes Iran Dea...
The Presidency has clarified that the rise in Nigeria's debt under Tinubu is attributed to naira devaluation rather than new borrowing, countering claims made by Peter Obi. This statement aims to address concerns regarding the country's financial management.
…says inflation, insecurity persist, but Nigeria Is moving in the right direction …highlights N184bn student loans, N37bn consumer credit, 4.07% read more FG defends reforms, says economy showing signs of recovery
"Strong reforms over the past three years have yielded improved macroeconomic outcomes and built resilience," the IMF said in a statement after its annual review of the Nigerian economy. The post Nigeria’s economic reforms working, but poverty increasing – IMF appeare...
…signals tax rate increases likely needed beyond 2026 …backs CBN’s tight monetary stance until disinflation is entrenched and inflation expectations read more IMF says Nigerians still face hardship despite macroeconomic stability
After holding steady at N1,385 per dollar for the past month, the naira cooled in the parallel market, also known read more Naira loses N15 in black market despite 17-year high reserves
Crude oil theft in the Niger Delta is raising alarms about Nigeria's energy future. Traditional ruler Felix Otuwarikpo has highlighted the urgent need to address this ongoing issue.
It was a major boost for the Lagos luxury real estate market as 7-Fifteen Capital Limited, a luxury real estate read more More boost for luxury real estate market as 7-Fifteen Capital marks Lagos expansion
The state of Pennsylvania represents one of the biggest regulated online gambling markets in America. Slotozilla carried out in-depth research read more Slotozilla Researches Pennsylvania Online Casino Bonus Platform Rankings and Key Trends in 2026
The Manufacturers Association of Nigeria (MAN) warns that the proposed increase in excise duties on sugar-sweetened beverages could jeopardize 33% of the manufacturing output and put 1.5 million jobs at risk. This move has raised concerns about the potential negative impact on the sector.
A new ranking of Nigeria’s most-consumed fast-moving consumer goods (FMCG) products has revealed while global giants such as Coca-Cola and read more Coca-Cola, sachet products dominate Nigerian homes as local FMCG brands rival multinationals
South Africa’s economy expanded at its fastest pace in nine months in the first quarter of the year, showing resilience read more South Africa’s economy grows at fastest pace in 9 months despite Iran war headwinds
Nigerian leaders are promoting economic reforms that are successfully attracting both local and international investments. Vice President Kashim Shettima, Governor Babajide Sanwo-Olu, and Taiwo Oyedele emphasized Lagos as Africa's premier business hub.
May's market indicators show subdued volatility and a strong tech presence, alongside shifts from the central bank. Key trends are emerging that could influence currency and bond markets.
CEVA enhances position in growing market in Western Africa as domestic EFL customers in Nigeria gain greater access to global markets with wide range of logistics, customs solutions available The post CEVA Logistics, EFL Africa launch joint venture in Nigeria appeared first on...
BAT Nigeria has called for better enforcement of industrial policies to support the growth of Nigeria's manufacturing sector. The organization emphasizes that poor implementation is a significant barrier to progress in this area.
Lagos has seen a significant rise in capital importation, increasing by 84% to $10.37 billion. However, this surge may mask underlying economic challenges, suggesting a need for cautious optimism.
PEBEC has called on Borno State to enhance its business reforms to attract more investments. These changes are expected to significantly improve the ease of doing business in the region.
The data from the statistics office also indicated that trade surplus stood at N7.5 trillion, driven by robust crude oil sales. The post Nigeria’s merchandise trade hits N34.8 trillion in Q1 2026 as exports outpace imports – NBS appeared first on Premium Times Nigeria.
Nigeria’s eleven electricity distribution companies lost N159.37 billion in unbilled and uncollected revenue in the first three months of 2026, read more DisCos bleed N159bn in three months as collection failures deepen
Nigeria's agriculture sector has achieved a 3.15% GDP growth, reaching 11.87 trillion naira. Crop production is the leading contributor, accounting for 8.9 trillion naira.
The Lagos Chamber of Commerce and Industry warns that the Sugar-Sweetened Beverage Tax Bill could worsen challenges for Nigeria's manufacturers. The LCCI emphasizes the need for careful consideration of the bill's potential impact on the sector.
The Finance Ministry claims to have processed N700 billion in payments to local contractors, while the contractors assert they have not received any funds. This disagreement has led to renewed protests by the contractors.
The Nigerian naira remained stable against the US dollar on June 9, 2026, in both official and parallel markets. This stability is attributed to ongoing efforts to maintain liquidity in the foreign exchange market.
Nigeria's economy shows improvement as it strengthens its position in continental capital markets. Meanwhile, South Africa receives a significant ratings upgrade, although businesses in both countries continue to face challenges.
The speaker says reliable statistics remain the foundation of effective governance, economic planning and investment decisions. The post Nigeria needs stronger data system to achieve $1tn economy – Speaker Tajudeen appeared first on Premium Times Nigeria.
Political involvement is impacting decisions in pension fund management, as highlighted by the recent Premium Pension arbitration. This situation raises concerns about the integrity of financial governance in Nigeria's pension sector.