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The Naira has depreciated to N1,405 against the dollar in the parallel market, down from N1,400. It also fell to N1,379 in the Nigerian Foreign Exchange Market, according to data from the Central Bank of Nigeria.
The DMO has launched the July 2026 FGN Savings Bond with an attractive annual interest rate of 15.716%. This initiative aims to encourage Nigerians to invest in secure, government-backed securities.
Nigerian FMCG companies have successfully reduced their financing expenses by 23% in the first quarter of 2026. This reduction is expected to enhance profitability and lower overall debt levels for these firms.
The APC chair highlights that President Tinubu's intervention funds are significantly aiding small business growth and enhancing access to finance for entrepreneurs. This initiative is also promoting youth empowerment in Nigeria.
Prof. Chinedu Neboh has urged Nigerian nurses to adopt entrepreneurship to achieve financial security in challenging economic conditions. This advice aims to promote economic sustainability within the nursing profession.
The CBN has revoked 46 licenses of microfinance banks, aiming to consolidate the sector and realign deposits. This move is expected to strengthen Nigeria's financial landscape.
The Nigerian stock market rose by N1.86 trillion, driven by increased interest in MTN Nigeria and Dangote Cement. This positive momentum reflects growing investor confidence in the market.
Nigeria's financial system is projected to receive N12.39 trillion in liquidity inflows in July, marking an 8.7% increase from the previous year. This growth is primarily driven by OMO maturities.
Nigeria is working towards producing two million metric tonnes of sugar annually. The National Sugar Development Council has recently graduated new specialists to support this goal.
The Monetary Policy Committee of the Central Bank of Nigeria has cautioned against increased spending related to the upcoming 2027 elections. They warn that such fiscal actions could undermine progress made in controlling inflation.
The Nigerian Exchange Limited (NGX) has seen its market capitalisation increase by N51.6 trillion, driven by positive economic indicators. This growth reflects a robust performance in bonds, ETFs, and equities.
A UN survey indicates that economic struggles are the primary barrier for Nigerian youth in starting families. The findings suggest that financial hardship, rather than changing societal values, is the main issue.
Global oil prices climbed to $74 after tanker attacks near the Strait of Hormuz, renewing fears of supply disruptions. Learn how these incidents impact oil
The APM has unveiled a plan aimed at revitalizing Nigeria's economy and addressing ongoing security issues. The initiative highlights concerns over rising poverty, unemployment, and inflation despite the country's abundant resources.
President Bola Tinubu has called on Afreximbank to enhance its efforts in mobilizing resources for Africa's industrial development. The bank has previously committed $20 billion to the Nigerian economy over the last five years.
President Tinubu has called on Afreximbank to mobilize funds to support Africa's industrial development. This initiative aims to enhance economic growth across the continent.
The National Pension Commission (PenCom) is positioning Nigeria’s pension industry for a bigger role in financing long-term economic growth, unveiling read more PenCom moves to deepen capital market investments, improve pension outcomes
The Nigerian stock market has experienced a bullish rally, resulting in a significant N1.86 trillion gain for investors. This upward trend reflects growing investor confidence in the market.
Nigeria's ICT sector has experienced its first decline in Company Income Tax in four years due to rising operational costs and insecurity. This downturn reflects significant challenges facing the industry and its growth potential.
The Nigerian National Petroleum Company (NNPC) Limited said it saved a staggering $3.4 billion over the past year by aggressively read more NNPC says cost-optimisation drive yielded $3.4bn savings in 12 months
Olawale Ajimotokan in Abuja The Federal Capital Territory Internal Revenue Service (FCT-IRS) has launched Taxporta, a new digital tax management platform to simplify tax administration and enhance compliance.The Executive Chairman
Nigeria's Petroleum Minister announced the country's readiness to contribute to global energy solutions, highlighting its vast natural gas reserves. With 215 trillion cubic feet of proven reserves, Nigeria is positioned as a key player in the energy sector.
… races to expand oil, gas capacity as global buyers seek more crude …industry warns country cannot afford to miss read more FG admits oil demand from US, Europe, Middle East outstrips supply
The core investor is tabling N590.94 to purchase each of the shares, which were quoted at N562.8 per unit at the start of trade on Lagos’ Customs Street on Tuesday, placing the offer at a 5 per cent premium above the market price. The post Emerald HoldCo makes N6.9 billion take...
Professor Nentawe Yilwatda reports that President Bola Tinubu's intervention programs are providing significant economic benefits to millions of Nigerians. These initiatives are particularly supporting entrepreneurship across the country.
The capacity audit would aid in identifying service providers that are able to support major capital projects such as the seven deep-water projects The post NCDMB, NUPRC, NMDRA, others, to conduct joint industry capacity audit appeared first on Premium Times Nigeria.
South Africa recorded negative Foreign Direct Investment inflows last year for the first time since 1990, as multinational companies repatriated read more Why Africa’s largest economy saw its first negative FDI inflows since 1990
By Innocent Anaba A Federal High Court in Lagos has nullified the N60 billion sanction imposed by the Advertising Regulatory Council of Nigeria, ARCON, on Facebook Nigeria Operations Limited over alleged unapproved advertisements targeted at the Nigerian market. The court held th...
NNPC Limited has successfully saved $3.4 billion through contract restructuring. GCEO Bayo Ojulari presented an annual performance report showcasing significant efficiency gains.
It will take around 30 months to build the facility in East Africa's largest economy. Initially, Tanzania was also one of the locations considered for the refinery. The post Dangote Picks Kenya For East African Mega Refinery appeared first on Channels Television.