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The Kano State Investment Promotion Agency (KANINVEST) and the Nigerian Commodity Exchange (NCX) have agreed to strengthen their partnership to read more Kano, NCX forge partnership to boost agribusiness, commodity markets
Governor Umar Namadi of Jigawa State has launched a N902 billion investment initiative to attract investors. This move signals the state's commitment to fostering a business-friendly environment.
The Independent Media and Policy Initiative (IMPI) asserts that President Bola Tinubu's economic model is more effective than those of past administrations. This claim highlights a positive shift in Nigeria's economic strategy under Tinubu's leadership.
According to data from the Central Bank of Nigeria (CBN), the indicative exchange rate for the market fell to ₦1,369 per dollar from ₦1,376 per dollar on Tuesday. The post Naira Appreciates To ₦1,369 appeared first on Channels Television.
Brent futures lost 77 cents or 1.1 per cent to $70.80 a barrel by 0256 GMT, while U.S. West Texas Intermediate crude fell 84 cents or 1.2 per cent to $67.74 a barrel. The post Oil Falls For Three Straight Days appeared first on Channels Television.
Nigeria, Africa’s biggest oil producer, has been admitted as an associate member of the International Energy Agency (IEA) after its read more Nigeria’s IEA membership was “the fastest ever” accession process — IEA chief
Nigeria's stock market has seen a remarkable 52% increase this year, ranking it as the fourth-best globally. However, these market-friendly reforms are creating political challenges for President Tinubu.
The Nigerian naira showed stability against the US dollar on July 2, 2026, with a narrow gap between the official and parallel markets. This indicates a balanced exchange rate environment in the country.
Nigeria’s efforts to bring global digital service providers into its tax net have begun yielding significant dividends, with the country read more Nigeria nets over $120m in digital VAT as foreign tech tax reforms pay off
Nigeria's persistent power outages are causing job losses and deterring investments, according to APFFLON. The organization urges the Minister of Power, Joseph Tegbe, to ensure that promised reforms lead to tangible improvements in electricity supply.
The IMF has reported that the Federal Government excluded N8.8 trillion in spending from its national budgets, which is equivalent to 2% of Nigeria's GDP. This omission raises concerns about fiscal transparency and accountability in public expenditure.
NNPC Limited reported a profit after tax of ₦462 billion in May 2026, down from April, despite recording its highest crude oil and condensate production in a year, improved gas output and stronger pipeline availability. The post NNPC profit falls to ₦462 billion despite highe...
A review of Benue State’s audited financial records from 2018 to 2025 reveals a troubling pattern: a disconnect between the scale of the crisis in Benue and the transparency and accountability of public spending meant to address it. The post The Missing Millions: Fiscal account...
Nigeria's economic discussions have focused on prices, particularly petrol. The article argues that true economic reform should start with addressing these prices rather than treating them as an end point.
Elombi emphasizes the importance of establishing an African ratings agency to better manage the continent's economic narrative. He also highlights the skills shortage in electric battery manufacturing as a significant challenge for Africa's growth.
Nigeria has secured $1.25 billion in funding from the World Bank to enhance employment through reforms in various sectors. This partnership aims to address structural constraints and attract private investment for economic stability.
Bennett Oghifo Wema Bank, Nigeria’s oldest indigenous national bank, most innovative and pioneer of Africa’s first fully digital bank, ALAT, has announced the 7th edition of its flagship innovation initiative,
The Naira has strengthened to N1,385 per dollar in the parallel market, improving from N1,390. This appreciation reflects a positive trend for the currency in recent trading.
For Nigeria, this is a moment of choice for both domestic leaders and international partners. Retreating from governance now may seem fiscally prudent, but it will be politically costly. The consequences are both everyday and structural – weaker institutions, deeper cynicis...
• Profit falls 3.9% to N462bn despite improved oil, gas output •Oil company records N4.3tn revenue Emmanuel Addeh in Abuja Nigerian National Petroleum Company Limited (NNPC) yesterday announced that it
Senator Abiru has announced a new 504kWh mini-grid in Epe, Lagos, aimed at boosting employment and business opportunities. The initiative is expected to enhance livelihoods by providing reliable electricity.
Nigeria issued 7,942 oil service permits and 49 licenses in the first quarter of 2026, indicating strong activity in the oil and gas sector. This reflects growing investor confidence in the industry.
The World Bank has recognized the reforms at Apapa and Tincan ports, highlighting their significant improvements globally. This validation is largely attributed to the successful implementation of the Ètò electronic call-up system.
The IMF reveals Nigeria’s budgets hide a 2% GDP fiscal gap due to unrecorded spending, urging transparency and legislative reforms to address the issue.
Nombank aims to expand its share of Nigeria’s SME banking market by leveraging merchant transaction data to offer credit and banking products to small busi
The Nigerian equities market opened July with a N2.39tn loss, driven by selling pressure on major stocks. Stay updated on market trends and investor sentim
Nigerian Exchange Limited announces its Half-Year 2025 NGX Index Review results. NASCON and Unilever join the NGX 30, reflecting market rebalancing.
The World Bank has approved a $1.25 billion loan for Nigeria to support job creation and economic growth. This decision comes despite concerns regarding the country's rising debt levels.
Nigeria has resumed importing soybeans from the United States, bringing in 62,000 tonnes after a six-year hiatus. This move aims to complement local production and enhance demand for soybeans in the country.
Nigeria's inflation rate has increased to 15.93%, breaking an 11-month trend of decreasing prices. This rise is attributed to global oil price fluctuations and higher energy costs.