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BUA Cement's Chairman, Abdul Samad Rabiu, attributes the rising cement prices in Nigeria to increased energy and transport costs. This highlights ongoing challenges in the construction sector.
West African factories require more than just reliable power to enhance their competitiveness against emerging markets. Policymakers need to address various factors to close the industrial gap effectively.
Nigeria's trade surplus surged to $480 million in January 2026, marking a significant 220% increase from the previous month. This growth was largely attributed to a rise in export receipts, particularly from petroleum products.
Nigeria's new yield trade is attracting investors to commercial paper, enhancing its role in the fixed-income market. This shift indicates a growing confidence in alternative investment avenues within the country.
Jigawa butchers anticipate a significant hike in Eid-el-Kabir slaughter and meat processing fees due to rising transportation costs and inflation. Find out
The Nigerian Naira maintained its steady momentum against the United States Dollar in the early hours of Friday, May 22, 2026, demonstrating continued stability across both the official window and the informal parallel market segments. The post Dollar to Naira exchange rate today...
The Naira has depreciated to N1,387 per dollar in the parallel market, a decline from N1,380 per dollar. This marks a continuing trend of currency depreciation in Nigeria's foreign exchange market.
Vice President Kashim Shettima praised President Tinubu for unlocking Nigeria's economic potential. He emphasized the country's openness to business and strategic partnerships, particularly with Poland in sectors like digital economy and defense.
Dr. Ifeanyi Okeke emphasized the importance of an accurate measurement system for Nigeria's industrialization and global competitiveness. He stated that without this, the country's goals cannot be achieved.
A report reveals that the current government has accumulated more debt in two years than Nigeria did in 55 years. It calls for a fiscal emergency due to the alarming debt service-to-revenue ratio.
Nigeria LNG Limited's Train 7 project is seen as a significant driver for local content development and industrial growth. The project has achieved over 120 million man-hours, highlighting its impact on the economy.
Dr. Abubakar Dantsoho emphasizes the need for modernized port infrastructure to drive economic growth in Africa. He advocates for aggressive reforms to enhance the efficiency of ports across the continent.
Nigerian traders are requesting improved visa access and enhanced trade opportunities from China to boost economic relations. This appeal aims to strengthen the partnership between Nigeria and China.
Nume Ekeghe CIBA Hospitality Limited has unveiled Terra Delyssa Extra Virgin Olive Oil, a premium Tunisian olive oil brand, in the Nigerian market as it seeks to deepen consumer access
By Prince OsuagwuNigeria’s data centre market is already valued at nearly $300 million, with analysts projecting explosive expansion over the next five years. Yet beneath the impressive numbers lies an uncomfortable truth: much of the country’s digital future still runs on in...
Kayode Tokede C&I Leasing Plc has announced a profit after tax of N3.9 billion for the financial year ended 31 December 2025, more than double the N1.6 billion recorded in
Kayode Tokede Nigerian Exchange Group has intensified its investor education drive through a digital engagement initiative aimed at improving financial literacy and deepening retail participation in the Nigerian capital market.
Africa's economic growth relies on cultivating skilled finance professionals. Modern qualifications are crucial for achieving sustainable development across the continent.
Nigeria's port inefficiencies, especially at Apapa, pose a major trade barrier affecting the economy. Administrative bottlenecks are costing the country trillions in potential revenue.
Crude oil prices dipped to $102 as the US awaits Iran’s response to a peace proposal, potentially ending the conflict and impacting global fuel prices.
Nigerian industrialists are calling for a comprehensive overhaul of the power sector. They urge the new minister to prioritize a functional value chain to resolve ongoing electricity issues.
Experts are encouraging Nigerian youths to venture into various agribusiness sectors beyond conventional farming. This includes opportunities in processing, logistics, and technology to enhance economic growth.
The law recognizes casual employment, but this does not justify its widespread practice. Concerns remain about the implications of casualisation in the workforce.
Explore Nigeria’s escalating debt crisis, its impact on the cost of living, and the debate over whether borrowing aids growth or merely ensures survival. U
The company says rising energy, transportation, and foreign exchange-related costs remain major drivers of cement prices in Nigeria, although recent exchange rate stability is beginning to ease some pressures on manufacturers. The post BUA blames energy and transport costs for hi...
Nigeria has expressed readiness to partner with the Republic of Poland in different sectors of the economy, including defence, digital read more Nigeria ready to partner with Poland on digital economy, defence, others – Shettima
Bilateral trade between Nigeria and Vietnam has surged from $250 million in 2015 to over $1 billion in 2025. The Vietnamese Ambassador to Nigeria, Bui Hung, hailed this growth as a significant milestone in their economic relations.
David Assogba, the managing director of Reftop Agrofield Limited, has called for wider participation in the country’s agribusiness to unlock read more Reftop backs Palm Crest in push to expand oil palm business
Nigeria has achieved four years of zero piracy incidents, aiming for war-risk delisting to reduce shipping costs. This move is expected to enhance investor confidence in the maritime sector.
Minister Tunji-Ojo has announced Nigeria's readiness to welcome foreign investments and strategic partnerships. He emphasized ongoing economic reforms aimed at enhancing investor confidence.