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Nigeria's business environment showed growth in June 2026, but the rate of expansion has slowed due to high operating costs and credit issues. Companies are facing significant challenges that could impact future growth.
First Lady Oluremi Tinubu’s ‘akara economy’ comments spark debate on scale of opportunity for Nigerian youth. Discover the full story and public reaction.
Kano State has started distributing 90,000 bags of fertiliser to local farmers. This initiative aims to enhance crop yields and improve food security in the region.
Nigerian companies are experiencing relief as declining tensions in the Middle East result in lower global oil prices. This development is expected to positively impact the Nigerian economy and businesses reliant on oil.
The naira has strengthened in the official foreign exchange market, recovering from previous losses. This positive shift coincides with Nigeria's external reserves rising to $51.45 billion.
The FAO Food Price Index has declined due to lower prices for cereals, sugar, and dairy products. However, there are mixed trends as prices for vegetable oils and meat have increased.
The Nigerian Shippers' Council has successfully prevented N86 billion in unwarranted demurrage charges. This action has safeguarded over N90 billion in economic value for Nigerian shippers.
UNDP has partnered with Lagos State to enhance investment and market access for the fashion and leather industries. This initiative aims to boost Africa's creative economy, creating jobs and fostering industrial growth.
Olugbenga Sunday emphasizes the need for better policies to unlock Nigeria's hospitality potential. He highlights that improved infrastructure and consistent regulations could boost tourism and job creation.
Chalya Maryam Shagaya emphasizes the importance of traditional foods like Akara, corn, and Kulikuli in Nigeria's economic future. She highlights that growth will stem from grassroots markets and local businesses, not just corporate settings.
Akwa Ibom State Police Command foils a palace attack in Essien Udim, arresting a 42-year-old suspect with a locally made pistol. Read more on the Akwa Ibom
…as supply struggles to keep pace Nigeria’s two biggest listed palm oil producers are committing billions of naira to plantations, read more Palm oil producers bet billions on Nigeria’s edible oil deficit
Ten countries are responsible for nearly fifty percent of global food exports, highlighting their crucial role in the food supply chain. This interconnectedness benefits farmers, businesses, and consumers worldwide.
The European Bank for Reconstruction and Development plans to invest $1.5 billion in Nigeria's power sector, starting with $280 million in the first year. This investment aims to enhance the country's energy infrastructure and support economic growth.
NNPC and its partners have commenced the evaluation phase of the Port Harcourt and Warri refineries despite facing public dissent. The national oil firm assures that the cost of due diligence is being covered by its partners.
Olayemi Cardoso, the Governor of the Central Bank of Nigeria, has urged banks to invest new funding into SMEs, agriculture, and infrastructure. This call follows the recent recapitalisation exercise in the banking sector.
The European Bank for Reconstruction and Development plans to invest at least $1.5 billion in Nigeria. This investment comes as the country experiences a surge in capital due to ongoing reforms.
The World Bank highlights that Nigeria's primary economic challenge is low revenue generation, not high debt levels. It urges the government to focus on improving revenue mobilization for sustainable growth.
Emir Sanusi encourages Nigerians, especially the youth, to pursue entrepreneurship and innovation for economic development. He emphasizes self-reliance as a key component for growth.
The naira has appreciated to N1,395 per dollar in the parallel market, improving from N1,403. This rise indicates a positive trend for the currency in recent trading.
"Whatever you are doing to Mr Emefiele by way of prosecution ought to have been done to Messrs Buhari, Mustapha and Bashirudeen Maishanu and former board members of the CBN under Mr Emefiele," Mr Obazee said. The post Buhari, Boss Mustapha ought to face trial like Emefiele for $6...
The Benue Government plans to launch operations at Taraku Mills by August. This factory, established in 1989, is crucial for producing vegetable oil and other agro-allied products.
The first half of 2026 has turned into one of the toughest periods for the cryptocurrency market since the collapse read more Crypto’s institutional dream meets its toughest test as $2tn sell-off exposes new fault lines
The Supreme Court said the Federal High Court was wrong to have assumed jurisdiction in a matter which was not a maritime dispute, stating it was purely financial and contract related. The post Supreme Court Voids Appeal Court Judgment Against GHL, Orders Return Of Seized Vessel,...
The naira remained resilient in June, appreciating slightly against the dollar despite tighter domestic liquidity conditions, as stronger foreign exchange read more Naira holds firm as CBN support, stronger FX flows offset liquidity squeeze
New vehicle import relief in Nigeria could lead to more affordable car ownership for citizens. This initiative is expected to boost demand and confidence in the automotive market.
South Africa’s private sector returned to growth in June as easing inflationary pressures and resilient hiring lifted business conditions, although read more South Africa’s private sector returns to growth as PMI hits two-month high
Elombi emphasizes the need for an African ratings agency to enhance the continent's economic narrative and address skills shortages in electric battery manufacturing. He highlights the importance of value addition for Africa's growth and mentions the increasing participation of central banks in the PAPSS payment platform.
An analysis reveals which Nigerian state excels in tax collection, highlighting the factors contributing to its success. This insight could inform other states looking to improve their tax revenue systems.
…as T&A Legal holds AI Summit 2026 in Lagos It has been projected that, Artificial intelligence (AI) will contribute as read more AI seen driving $15bn GDP surge in Nigeria by 2030