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NNPC reported a revenue decline of N636 billion in May 2026, despite maintaining stable oil production levels. This drop highlights ongoing financial challenges for the national oil company.
The Nigerian insurance sector reported a gross premium income of N2.3 trillion for the year 2025. This was announced by Mr. Kunle Ahmed, the outgoing Chairman of the Nigerian Insurers Association.
Nigeria aims to lead digital trade in Africa, targeting a $712 billion market. Minister Dr. Jumoke Oduwole emphasizes the country's commitment to unlocking this potential.
Alert Group's Goldbucks is enhancing financial inclusion and wealth creation for Nigerians. The digital savings platform is seen as a significant contributor to Nigeria's economic development.
The Nigerian stock market opened July 2026 with a significant loss of N2.39 trillion due to ongoing selling pressure. This decline reflects a negative investor sentiment in the market.
Nigeria and AfCFTA are championing Africa’s $180bn digital trade economy, urging accelerated growth and integration to unlock vast untapped opportunities a
Despite crude oil prices dropping below $72, petrol prices in Nigeria remain above N1,000. Marketers warn against price controls amid consumer exploitation
Airports in South East Nigeria are struggling with operational challenges due to insufficient financial returns. Experts emphasize the need for strategic planning to ensure these assets are effectively utilized.
Nigeria and Liberia are set to strengthen their economic relations at an upcoming investment forum. This initiative aims to enhance bilateral trade and investment opportunities between the two nations.
The NDIC has started making payments to depositors after the CBN revoked the licenses of 46 microfinance banks. This action ensures that depositors are protected and can access their funds despite the banks ceasing operations.
Governor Namadi has declared Jigawa State open for business during the J-INVEST 2026 summit. He also unveiled an economic blueprint aimed at driving sustainable growth in the region.
Afreximbank highlights the positive impact of Dangote Refinery on Nigeria's economy by stabilizing the naira and reducing foreign exchange pressure. The refinery has significantly decreased the country's fuel imports.
NNPC's revenue dropped by N636 billion to N4.34 trillion in May 2026, despite stable production levels. The report highlights ongoing challenges affecting the company's financial performance.
The NDIC has started the asset acquisition process for 46 collapsed microfinance banks. The public is advised to avoid any transactions with these banks.
Vice President Shettima urges Nigerian states to leverage their local strengths to boost economic growth. He emphasizes the importance of federal reforms and investments in achieving this goal.
Nigeria has transitioned from economic decline to macroeconomic stability, according to Finance Minister Taiwo Oyedele. This marks a significant improvement in the country's economic outlook.
Google has gone beyond its five-year commitment to invest $1 billion in Africa, announcing a fresh wave of artificial intelligence read more Google accelerates Africa’s AI economy after crossing $1bn investment milestone
This article is presented in two parts. In this first part, the focus is on understanding the conceptual foundations of read more CBN’s New Payments Framework: Is Nigeria Introducing Functional Separation into the Payments Ecosystem? Part 1
The World Bank has approved a $1.25 billion financing package for Nigeria aimed at supporting economic reforms and stimulating private investment. This funding is expected to accelerate job creation in the country.
Niyi Toluwalope, managing director and chief executive officer of eTranzact Plc, has said Nigeria’s digital payment ecosystem has become a read more Digital payments key to Nigeria’s economic growth, transparency, revenue drive
On the list of the 46 microfinance banks whose licences were revoked, Kano State accounted for the highest number with 13 banks, followed by Lagos with eight. The post FULL LIST: CBN revokes licences of 46 microfinance banks appeared first on Premium Times Nigeria.
NNPC Ltd. reported a 12.8% drop in monthly revenue, generating N4.34 trillion in May 2026, down from N4.97 trillion in April. This decline occurred despite an increase in crude oil and natural gas production.
The IMF's Resident Representative in Nigeria, Christian Ebeke, disclosed this on Wednesday during a meeting with business executives in Lagos. The post IMF raises concerns over unrecorded spending in Nigeria’s recent fiscal accounts appeared first on Vanguard News.
The groups requested documents would enable them to determine whether TotalEnergies has complied with France's Duty of Vigilance Law, which requires large companies to identify and prevent serious human rights and environmental risks linked to their operations and business relati...
The gorups requested documents would enable them to determine whether TotalEnergies has complied with France's Duty of Vigilance Law, which requires large companies to identify and prevent serious human rights and environmental risks linked to their operations and business relati...
Sahara Group has named Folake Soetan as the new managing director of Arahas Global Oilfield Services, reinforcing its “Beyond XXX” read more Sahara Group appoints Folake Soetan to lead Arahas Global Oilfield Services
Wale Igbintade Justice Deinde Dipeolu of the Federal High Court in Lagos has urged parties in a N98.5 billion patent infringement suit involving Enterprise Logistics Speciale Limited, the Central Bank
The Central Bank of Nigeria has revoked the licenses of 46 microfinance banks due to non-compliance with regulations. This decision aligns with the CBN's authority under the Banks and Other Financial Institutions Act.
James Emejo in Abuja The Central Bank of Nigeria (CBN), Wednesday revoked the operating licences of 46 microfinance banks across the country, citing persistent regulatory violations and failure to meet
The Central Bank of Nigeria (CBN) has introduced a maximum two-business-day limit on the suspension of certain payment obligations and read more CBN sets two-day limit for bank resolution contract suspensions