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Nigeria faces a significant shortage of cooking gas despite having the largest proven gas reserves in Africa. This scarcity is driving up costs for both household and industrial consumers.
Nigeria's financial system anticipates a significant liquidity influx of N10.90 trillion in June, primarily due to Open Market Operations maturities. This development is expected to positively impact market dynamics.
In the first quarter, 27 major companies in Nigeria reported a total profit of N3.8 trillion and declared N1.02 trillion in income tax expenses. This reflects a strong financial performance among blue-chip firms listed on the Nigerian Exchange Limited.
The article evaluates President Tinubu's economic achievements between 2023 and 2025, highlighting the complexities of political honesty. It suggests that dissembling is common among politicians despite their public personas.
Nigeria faces a cooking gas scarcity due to high domestic demand and producers prioritizing export markets. Industry experts indicate that the outlook for prices remains uncertain amidst various constraints.
A report by the Alliance for Economic Research and Ethics criticizes Nigerian banks for locking N91.1 trillion at the Central Bank, which hampers access to credit for economic growth. The report highlights the banks' failure to fulfill their intermediation role effectively.
Nigerian equity investors have experienced a significant loss of over N4.9 trillion as the stock market trend shifts downward. This decline is attributed to sustained profit-taking activities across major sectors.
The Centre for the Promotion of Private Enterprise (CPPE) has expressed concern over the Senate's approval of the SSBs Bill, warning it could lead to increased taxes on production and jobs. They urge the House of Representatives to reject the bill to protect employment and investment.
Abiru highlights the importance of improved collaboration between policymakers and regulators to foster market growth. He received the Nairametrics Legislative Excellence Award for his contributions to the financial sector.
The Stock market section of the Nigerian Exchange Limited (NGX) has decapitated by N4.9 trillion in the first trading week in June 2026. This is coming in the week T+1
IATA reports a significant decline in airline profits, projecting $23 billion for 2026, down from $41 billion. This drop is attributed to turmoil in the Middle East and rising fuel costs.
The Customs and Excise Tariff (Amendment) Bill (CETA) 2025 is now at the Senate's third reading, marking a pivotal moment for Nigeria's economy. Concerns are rising about potential job losses and decreased investment if the bill passes.
In the long struggles against military misrule and for democracy, we lost far more Nigerians under the Babangida dictatorship than under the Abacha regime. However, the fight against Abacha and his bandits was far more taxing. In the case of the former, hundreds were murdered bu...
Nigerian banks have raised the international spending limit on Naira cards, reflecting a positive trend in foreign investments and foreign exchange inflows. This change follows significant financial reforms and a $7 billion backlog clearance by the Central Bank of Nigeria.
Nigeria's trade sector attracted $65.79 million in foreign investment, marking a 91.31% increase in Q1 2026. This surge indicates renewed investor confidence and positive economic growth.
Mutual Benefits Assurance Plc announces strong 2025 financial results, with significant growth in revenue, profit, and assets, reinforcing its position in
The House of Reps Public Accounts Committee recovered N521.77m in unremitted VAT from the CBN, a breakthrough in the ongoing revenue leakage investigation.
Nigerian oil sector regulators are harmonizing processes to reduce compliance costs and strengthen radiological safety in oil and gas operations, boosting
Financial Trust Company represents a defining chapter in Nigeria’s financial history, argues SOLA ONI During my time at The Guardian covering the capital market in the early 1990s, Financial Trust
A report highlights the urgent need to align Nigeria's educational curriculum with the economy's demands to tackle youth unemployment. This initiative aims to better prepare young Nigerians for the job market.
A report highlights the necessity to adjust Nigeria's educational curriculum to better align with economic demands. This initiative aims to tackle the rising unemployment rates among young people.
Lagos State is focused on attracting both domestic and foreign investments during the Invest Lagos Summit 3.0. The summit aims to create new opportunities for capital inflows into the state.
OPEC+ has approved a fourth increase in oil production in response to the Hormuz closure crisis. This decision reflects renewed commitments from key member countries to stabilize the oil market.
OPEC+ has approved its fourth increase in oil production amid the ongoing Hormuz closure crisis. This decision reflects the renewed commitments of member countries to stabilize the oil market.
The wind energy sector is gaining recognition as a vital component for enhancing energy security in Nigeria. This shift comes in response to global geopolitical tensions impacting traditional fuel markets.
IATA forecasts a 50% drop in global airline profits by 2026, primarily due to the ongoing Middle East crisis and increasing fuel prices. This prediction highlights significant challenges facing the aviation industry in the coming years.
The Nigeria Customs Service is collaborating with diplomats to improve trade relationships and enhance border security. This initiative aims to foster international cooperation and strengthen the economy.
Nigeria's young workforce presents a significant opportunity for job creation, which can lead to quality employment. Focusing on decent work can harness this demographic advantage for economic growth.
IATA forecasts a 50% drop in airline profits by 2026, attributing this to conflicts in the Middle East and escalating fuel prices. The prediction highlights significant challenges facing the aviation industry in the coming years.
The Nigerian Navy says its operatives under Operation Delta Sentinel have intercepted over 135,000 litres of suspected illegally refined Automotive Gas Oil (AGO) during separate operations in Rivers State waterways. The post Navy intercepts over 135,000 litres of suspected stolen...