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Nigerian ports face high clearing costs compared to those in Cotonou, Benin Republic, with significant savings for importers in the latter. Efforts are being made to enhance the competitiveness of Nigerian ports to attract more business.
Nigerian manufacturers invested N1.34 trillion in alternative energy in 2025, driven by economic reforms and rising costs. This shift reflects a response to the challenges faced in industrial performance.
Nigeria's top cement manufacturers reported a profit of N762.97 billion in the first quarter, despite high cement prices. Companies like Dangote Cement, Lafarge Africa, and BUA Cement are thriving in this challenging market.
The Nigerian stock market continues to decline, resulting in a loss of N478 billion in market capitalisation. This downturn has seen the market capitalisation drop from N158.697 trillion to N158.219 trillion.
Ecobank Group has launched the world’s first International Capital Market Association (ICMA) commercial bank-issued Nature Bond on the London Stock read more Ecobank issues Nature Bond on London Stock Exchange to protect Africa’s natural ecosystems
First Bank and the Federal Ministry of Housing are collaborating to provide low-interest mortgage loans at 9.75%. This initiative aims to enhance home ownership opportunities for Nigerians.
The persistent rise in fuel and diesel prices across the country is taking a heavy toll on schools and parents, with read more Parents, schools feel pinch as fuel prices surge
Nigeria has reportedly lost $600 million due to illegal shipping container sales over the past thirty years. This loss has significantly impacted the country's foreign exchange and customs revenue.
The OOUTH ARD President is advocating for a minimum monthly salary of N1 million for doctors in Nigeria. This demand highlights concerns over poor remuneration contributing to brain drain in the healthcare sector.
International football management is a notoriously cutthroat business. While many associations wait until a tournament concludes to dissect failure, some reach a boiling point far sooner. The post Coaches that were sacked during World Cup appeared first on Vanguard News.
The article highlights the increasing electricity consumption driven by AI and electric vehicles. This trend underscores the growing demand for power as a key indicator of economic growth.
Nigeria has the potential to drive economic growth by utilizing its pension and sovereign wealth funds, according to AfDB's Chief Economist. Prof. Kevin Urama emphasizes the importance of leveraging domestic institutional investors for development.
The attackers are suspected to be members of an oil bunkering cartel in Imo which has recorded multiple deadly oil explosions between 2022 and 2024. The post Gunmen invade Imo community, kill two security operatives, three others appeared first on Premium Times Nigeria.
He stated that the anti-graft agency invited him over alleged Naira abuse linked to activities at his son’s naming ceremony held in May. The post Naira Abuse: “I’ll honour EFCC invitation in September when Nigeria is peaceful” — Portable appeared first on Premium Times ...
He stated that the anti-graft agency invited him over alleged Naira abuse linked to activities at his son’s naming ceremony held in May. The post Naira Abuse: “I’ll honour EFCC invitation in September when Nigeria is peaceful” — Portable appeared first on Premium Times ...
Nigeria’s insurers have long been the awkward guests at Africa’sfinancial services table. They are always present, but rarely significant. With read more Nigeria insurance naira threshold and the fragile cover
A five-member panel of the court on Monday in Abuja ruled that the appeal court exceeded the limits of its power when it issued an ex parte application against the oil firms. The post Supreme Court annuls order freezing Nestoil, Neconde assets appeared first on Premium Times Nige...
The National Bureau of Statistics reports a month-on-month increase in food prices for April 2026. Key items affected include tomatoes, beans, garri, onions, and ginger.
Nigeria's minimum wage debate is heating up as governors propose a ₦100,000 minimum wage. This proposal comes amid rising living costs and labor demands.
Senator Orji Uzor Kalu argues that Nigeria's economic issues stem from 66 years of misguided policies, not just corruption. He emphasizes the need to address this narrative for a better understanding of the country's economic challenges.
By Prof. Yinka Omorogbe SAN In Lekki, Lagos, the Dangote Refinery is not merely refining crude oil. It is refining read more Dangote Refinery and the Refining of Sovereignty
The NUPRC is working with unions to resolve the ongoing strike and ensure uninterrupted oil and gas production. They are committed to restoring normalcy in the sector.
Christine Lagarde emphasizes the need for the Eurozone to enhance the euro's global influence amidst rising geopolitical tensions and innovations in payment methods. She warns that without action, the euro could be overshadowed by emerging currencies like stablecoins.
The Naira's exchange rate against the Dollar will be influenced by foreign exchange inflows and import demand. Analysts are closely monitoring external reserve levels and market sentiment for future trends.
France is positioning itself to invest in seven key sectors across Africa, aiming to strengthen economic ties. This initiative could enhance collaboration and growth opportunities between France and African nations.
India and the US are nearing an agreement on the initial phase of a trade pact. This development follows earlier negotiations that had slowed due to tariff measures.
The Central Bank of Nigeria projects that financial inclusion will reach 95% by 2028, driven by advancements in payments and fintech. This initiative reflects two decades of transformation in Nigeria's financial landscape.
Ethiopia is advancing its capital market reforms while Morocco is solidifying its position as Africa's top industrial economy. Rising borrowing costs are also influencing the continent's financial landscape.
West Africa's development goals are being hindered by significant energy constraints. Despite ambitious industrial targets and rapid entrepreneurial activity, the region faces challenges in achieving its growth ambitions.
The naira is trading between ₦1,370 and ₦1,372 against the dollar in official market transactions as of June 2, 2026. This reflects ongoing fluctuations in the currency exchange market.