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Ejiofor Alike Nigeria faces a direct fiscal alarm bell in the third quarter (Q3) of 2026 as crude oil price dips below $80 per barrel amid fragile global stability, with
The Central Bank of Nigeria's revocation of 46 microfinance banks has sparked discussions on the need to revise existing regulations. This move highlights ongoing concerns within the industry regarding compliance and operational standards.
Dangote Petroleum Refinery has lowered its petrol price by N50 to N1,075 per litre, enhancing competition in the market. This move is expected to benefit Nigerian consumers significantly.
Aviation fuel marketers are optimistic that Jet A1 prices will decrease to pre-Iran conflict levels. This development is expected to benefit airline operators significantly.
Adegboyega Oyetola has highlighted the importance of improved maritime governance for Africa's economic transformation. He emphasized its critical role in supporting the African Continental Free Trade Area (AfCFTA) and the development of the blue economy.
Troops successfully foiled a midnight Borno ISWAP attack in Mairari, Guzamala, inflicting heavy casualties on terrorists, though two soldiers and one CJTF
Lagos State is partnering with an organization to enhance funding opportunities for women exporters, providing access to N5 million. This initiative aims to improve product quality and reduce rejections in international markets.
Nigeria's crude oil production has increased to about 1.66 million barrels per day, which is a positive sign. However, experts warn that this should not be seen as a significant achievement given the ongoing challenges in the sector.
Nigeria's exports increased to $1.218 billion from January to May 2026, reflecting significant growth. The surge in container throughput has played a crucial role in this achievement.
The Manufacturers Association of Nigeria has praised the Anambra State Government and AIRS for their efforts to ease the tax burden on manufacturers. However, there are concerns regarding the implications of these tax breaks.
President Tinubu claims that recent economic reforms are stabilizing Nigeria's economy and boosting investor confidence. He acknowledges the challenges faced but emphasizes the positive outcomes of these difficult steps.
Dangote Petroleum Refinery reports spending over $4.48 billion on crude oil in the last two months. This expenditure has postponed significant reductions in fuel prices for consumers.
Dangote Refinery has reduced the price of petrol to N1,075 per litre, marking its fourth decrease this month. This move is expected to positively impact consumers amid ongoing economic adjustments.
President Tinubu has inaugurated West Africa's largest lithium processing plant in Nasarawa. This facility is expected to create jobs and enhance local value addition in Nigeria's solid minerals sector.
The UNDP calls for Nigeria to transition from oil to renewable energy, citing reduced conflict, stable supply, and environmental benefits. Learn about the
Dangote has reduced the petrol price to ₦1,075 per litre and opened sales to all qualified marketers. This move is expected to enhance competition in the market.
The Chartered Institute of Stockbrokers (CIS) has described FTSE Russell’s decision to defer Nigeria’s planned reclassification to Frontier Market status read more Chartered Institute of Stockbrokers says Nigeria’s shortened settlement cycle remains landmark achievement
Ghana and South Africa are embroiled in a diplomatic row following the death of a Ghanaian migrant. Pretoria denies the death is linked to anti-immigrant p
Nigeria Customs Service generated ₦3.35 trillion in revenue and seized ₦24.3 billion worth of drugs between January and May 2026, an official announced.
Barely two months after entering Nigeria’s crowded e-commerce market, digital marketplace 2Clicks Nigeria says it has surpassed 100,000 downloads and read more 2Clicks’ rapid rise to 100,000 users triggers fresh competition in Nigeria’s e-commerce market
President Bola Tinubu announced that his economic reforms have decreased states' reliance on borrowing for salaries. This development is attributed to increased revenue generation at the state level.
The Babban Lamba–Sharam Road links Plateau with Nasarawa, Gombe, Kaduna and Adamawa states, serving farming communities, commercial centres, markets and security formations. The post Tinubu Flags Off 40km Babban Lamba–Sharam Road Project, Pledges Renewed Hope For Plateau appe...
The LFTZ Customs Command reported a revenue of N408.8 billion from January to June 2026, marking a 28.85% increase. This growth is attributed to improved compliance and stakeholder engagement strategies.
Adeola Oyedele When FTSE Russell announced that it would place Nigeria’s planned reclassification to Frontier Market status under further review following the Securities and Exchange Commission’s (SEC) adoption of a
…as banks facilitate the creation of 1.8million jobs The Bank of Industry (BOI) significantly scaled up its interventionist role in read more BOI scales development financing with N644bn disbursement to local firms
The Nigerian government is working to create a coordinated financing ecosystem to boost development finance and attract private investment. This initiative aims to support the country's goal of achieving a $1 trillion economy.
Katsina State is implementing business-friendly reforms to attract both foreign and local investors. These changes aim to stimulate economic growth and promote sustainable private-sector investment.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says preliminary assessments indicate that the first aquifer in Rivers State’s Bille community has been contaminated following nearly a year of toxic gas seepage. The post FG to address gas contamination in Niger Del...
Dangote Petroleum Refinery has raised $750 million through an international bond offering carrying a 7.5 percent fixed coupon, marking another read more Dangote Refinery raises $750m in international bond market at 7.5%
…Market Records N7 Bn Weekly from Trade Jigawa State’s ambition to become Nigeria’s leading livestock investment destination received a major read more FG seeks partnership with Jigawa to transform Maigatari livestock market into regional processing hub