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The Nigerian stock market continued its upward trend, gaining over N4.514 trillion in May 2026. It also recovered from last week's losses, posting a N431 billion increase.
Federal employees have rejected a proposal to increase the minimum wage to N100,000, citing dissatisfaction with the current N70,000 wage. They believe it has not adequately improved their purchasing power.
Bangladesh has raised fuel prices for the second time in six weeks, impacting its economy. The country relies heavily on fuel imports, primarily from the Middle East.
The Nigerian naira showed stability against the US dollar in both the official and parallel markets. Traders are closely observing forex liquidity and market demand.
Nigeria and the UAE are set to see their non-oil trade reach $5 billion by 2025, according to the UAE Ambassador to Nigeria. This growth highlights the strengthening economic ties between the two nations.
Rising prices of cooking gas and kerosene are pushing many Nigerians to use firewood for cooking. This shift highlights the ongoing economic hardship faced by households across the country.
Nigerians spent nearly $6 billion on foreign travel in 2025, marking a 32% increase from the previous year. This surge is largely attributed to education and medical tourism.
Nigeria's pension industry achieved a remarkable growth of N1.42 trillion in April 2026, marking its highest increase ever. This surge reflects a positive trend in the country's pension assets.
The CPPE has praised President Bola Ahmed Tinubu's administration for its economic reforms over the past three years. They urge the government to ensure these reforms lead to inclusive growth and improved quality of life for Nigerians.
AERE's report reveals a concerning ₦14 trillion drop in private sector credit in Nigeria, despite banks showing stronger capital reserves. This decline raises alarms about the health of the productive sector and its future growth potential.
Experts advise investors to remain cautious in Nigeria's stock market throughout June 2026. They recommend focusing on fundamentally strong stocks with appealing valuations.
Banks' deposits with the Central Bank of Nigeria have decreased to N91.1 trillion, despite high liquidity levels in the financial sector. This marks a 0.4 percent decline from previous figures.
Nigeria's banking sector is experiencing a rise in bad loans to 8.03% following the CBN's termination of forbearance measures. This increase surpasses the prudential threshold, raising concerns about financial stability.
CPPE assesses Tinubu’s economic reforms, noting macroeconomic stability but lagging welfare gains. Learn about the impact of fuel subsidy removal and excha
Aurora Ventures launches with backing from inDrive – a global mobility and delivery platform scaled to unicorn status across the same emerging markets the program is investing in – for
Kasim Sumaina in Abuja The Nigerian Safety Investigation Bureau (NSIB), has commenced an investigation into the collision between the container vessel MV Maersk Valparaiso and the oil tanker MT Lady
Employers are calling on the Federal Government to tackle rising transport, food, and housing costs before minimum wage discussions. They warn that failure to address these economic challenges could jeopardize the negotiations.
Nigeria's economic reforms have successfully stabilized the country, averting a macroeconomic crisis. However, these changes are testing the patience of the public.
Nigeria's non-oil trade with the UAE has reached $5 billion, bolstered by eased visa restrictions and new investments. This growth signifies a strengthening economic partnership between the two nations.
NECA reports that Nigerian businesses are still struggling to reap the benefits of economic reforms. They face challenges such as inflation, high energy costs, and fluctuating exchange rates.
NECA reports that businesses in Nigeria are not yet reaping the full benefits of the government's economic reforms. Director-General Adewale-Smatt Oyerinde emphasized the need for improved implementation to support businesses effectively.
Taiwo Oyedele stated that the economic disruptions following the removal of petrol subsidy and currency reforms were anticipated. These changes are part of necessary efforts to address long-standing economic distortions.
NLC argues N100,000 minimum wage is unrealistic, stating Nigerian workers deserve N1 million monthly due to high inflation and living costs. Get the detail
NNPC Ltd. has announced a profit of N481 billion for April 2026, a significant increase from N276 billion in March. This growth highlights the company's strong financial performance in the oil sector.
Chief Erondu Uchenna Erondu Jnr praises President Bola Tinubu's economic reforms for stabilizing Nigeria's economy. He describes these measures as bold and effective.
Dangote Refinery has announced another reduction in the prices of petrol and diesel. This move is expected to benefit consumers and enhance affordability in the fuel market.
The Benin trust fund aims to generate N7 billion annually through daily micro-contributions. This initiative is spearheaded by Imasuen, CEO of Ughoron Group of Companies, to boost local investment.
Nigeria's external reserves have increased to $49.34 billion, reflecting a stable naira amidst favorable market conditions. This growth comes despite a significant expenditure on food imports in 2025.
The legal battle between NNPC and Dangote is significantly impacting Nigeria's fuel industry. As public refineries remain inactive, this clash could reshape the downstream oil sector.
NNPC has reported a remarkable 79% increase in revenue for April, totaling N4.97 trillion, with profits reaching N481 billion. This growth is attributed to a rise in crude oil output and stable gas production.