Live intelligence from 10+ verified Nigerian and UK sources
Africa’s great economic paradox Africa remains one of the richest continents on earth. The continent is abundantly blessed with minerals, read more AfCFTA and the dream of one African market
Oil prices have increased amid uncertain global economic growth due to the ongoing conflict in the Middle East. Stock markets are reacting variably as hopes for a ceasefire remain fragile.
Nigeria’s foreign exchange market recorded a significant improvement in January 2026, with net foreign exchange inflows tripling to $9.22 billion read more Net FX inflows triple to $9.2bn as dollar supply surge fuels naira rally
Companies seeking to benefit from Nigeria’s new tax incentive regime will have to navigate a multi-layer approval process involving several read more Companies seeking new tax incentives face multi-agency approval process
Les Ojugbana emphasizes the importance of agriculture in Nigeria's economic transformation. He advocates for increased investment in agriculture, manufacturing, and job creation to drive growth.
Fresh fighting erupted across the Gulf on Wednesday as Iranian missile and drone attacks damaged Kuwait’s main airport and injured read more Gulf tensions rise as Iran hits Kuwait, US strikes near Hormuz
Global economic growth is now forecast to slip to 2.8 percent for 2026 if Gulf exports of oil and gas return to pre-conflict levels in the third quarter, the group of 38 industrialised countries said in its quarterly update. The post OECD Cuts 2026 Global Growth Forecasts Over Mi...
Many Nigerians assume that selling a personal asset such as a house, car, or valuable possession is automatically tax-free. However, read more Tax implications of selling personal assets in Nigeria: what individuals should know
Nigeria is poised to emerge as a leader in the global talent economy, as stated by the Minister of Industry, Trade and Investment. This development highlights the country's potential in harnessing and exporting talent on a global scale.
Akwa Ibom has launched enhanced varieties of cassava aimed at increasing agricultural productivity. These new varieties promise high yields and improved disease resistance, benefiting local farmers.
Deposit Money Banks (DMBs) are increasing the limit that naira cardholders can spend abroad, following improved dollar liquidity in the read more Banks expand naira card limits abroad as FDIs, FX inflows rise
The current exchange rate for the Naira to the Dollar is approximately ₦137,325 for $100 at the official NFEM rate. This reflects ongoing market conditions as of June 3, 2026.
Nigeria has issued more than 127 million National Identification Numbers (NINs), making it one of Africa’s leading digital identity markets, read more 127m NINs later, Nigeria still faces digital identity usage gap
Nigeria’s 650,000 barrel per day (bpd) Dangote oil refinery currently has a large surplus of jet fuel and can supply read more Dangote refinery can be global jet fuel supplier, CEO says
Oil-bearing and impacted communities in the Niger Delta have called for an urgent end to gas flaring in Nigeria and read more Niger Delta communities demand ban on gas flaring
…as NUT, NLC protest over abductions in Maiduguri The North East Civil Society Network and Nigerian Union of Teachers (NUT), read more CSO, NUT berate Tinubu’s ‘regional bias’ over pupils’ abductions in Oyo, Borno
…As company empowers fresh batch of women entrepreneurs in A’Ibom, Rivers Sterling Oil Exploration and Energy Production Company Limited (SEEPCO) read more Sterling joins oil firms unhappy with misuse of empowerment packages by communities
The US has warned 60 nations, including Nigeria, of potential new tariffs for not addressing forced labor issues. This follows investigations into various trading partners regarding their labor practices.
EU member states are facing increasing deficits as development banks revise their growth forecasts downward. The EU executive plans to address public spending concerns in a forthcoming report.
Shettima has called on governors to expedite reforms to effectively utilize the $750 million World Bank program. He emphasized the importance of creating a conducive business environment to attract investment and boost economic growth.
The Nigerian naira showed stability against the US dollar on June 3, 2026, in both official and parallel markets. Traders are closely watching liquidity and foreign currency demand.
The Naira has strengthened to N1,385 per dollar in the parallel market, up from N1,395. This appreciation indicates a positive trend for the currency in the unofficial market.
Nigerian manufacturers have significantly increased their spending on alternative energy, reaching N1.34 trillion in 2025. This marks a 71.4% rise from N781.68 billion in 2023, driven by rising production costs.
Nigeria's electricity distribution companies collected 78.5% of billed energy, generating N196.13 billion from N246.43 billion. Despite a 6.02% increase in energy received, payments fell by N50.3 billion in March.
• 13% forecasts global recession amid rising geopolitical risks •92% anticipates increased AI adoption Emmanuel Addeh in Abuja The global economy has entered a period of heightened uncertainty, with an
NGX Group's CEO, Temi Popoola, has called for better integration of capital markets into Nigeria's monetary policy. He emphasized that capital market development is crucial for macroeconomic stability.
The African Development Bank has pointed out that private sector credit in Nigeria is only 9.4% of GDP, which is limiting business growth. This highlights the need for improved lending practices to boost economic development.
The Nigerian stock market experienced a decline of N479 billion due to profit-taking in PZ Cussons Nigeria Plc and other stocks. This downturn reflects broader market challenges amid investor sentiment shifts.
The Central Bank of Nigeria (CBN) is implementing regulations to stabilize the foreign exchange market amid ongoing challenges. Importers and exporters have expressed concerns over delays and procedures affecting their operations.
Nigerian families are increasingly finding that a single job is insufficient to meet their financial needs. Many are seeking additional sources of income to sustain their households amidst economic challenges.