Live intelligence from 10+ verified Nigerian and UK sources
…Nigeria misses global ranking Despite an average petrol price of about N1,179 per litre, several oil-producing nations continue to sell read more Top 10 countries with cheapest petrol prices
Until the reclassification this March, Nigeria had been excluded from frontier markets for 30 months, following a sharp devaluation of its currency and other FX reforms. The post FTSE Russell halts Nigeria’s frontier market upgrade appeared first on Premium Times Nigeria.
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 has revoked the operating licenses of 46 microfinance banks due to non-compliance with regulatory standards. This decision was approved by CBN Governor Yemi Cardoso to ensure the integrity of the financial system.
The World Bank has approved $1.25 billion in funding for Nigeria, introducing a six-year development plan. This initiative aims to support the growth of Africa's largest economy.
The CBN said the decision became necessary because of one or more regulatory breaches committed by the affected institutions. The post JUST IN: CBN revokes licences of 46 microfinance banks appeared first on Premium Times Nigeria.
The Central Bank of Nigeria has revoked the operating licenses of 46 microfinance banks. This decision aims to strengthen the banking sector and ensure compliance with regulatory standards.
Nigeria's petrol prices remain high, averaging N1,179 per litre, failing to place among the ten countries with the lowest prices. This highlights ongoing challenges in the nation's oil sector despite being a major oil producer.
Nigeria's Human Capital Index stands at 36%, significantly hindering economic development. This low score highlights the urgent need for investment in education and health to boost growth.
President Bola Tinubu has endorsed digital economy initiatives and emphasized the importance of enhanced intra-African trade. He promises increased collaboration with African nations to unlock the continent's economic potential.
Vice President Shettima has arrived in Jigawa for the upcoming J-Invest Summit 2026. The summit aims to unlock opportunities and promote sustainable growth in the region.
The Enterprise Development Centre, Pan-Atlantic University, in partnership with the Alliance for Green Revolution in Africa (AGRA), Kaduna Business School, read more EDC, SMEDAN, others strengthen agric-economy, certify business development service providers
Cooking gas prices in Nigeria have decreased, now ranging from ₦1,100 to ₦1,350 per kilogram in Lagos. This decline is a positive development for consumers facing high living costs.
The rate reflects continued stability in the official market after the Central Bank of Nigeria’s recent efforts to improve liquidity and transparency in the foreign exchange system. The post Naira To Dollar Exchange Rate July 1, 2026 appeared first on Channels Television.
Comprising 1.4 million barrels per day in Nigeria and a planned 700,000 barrels per day refining complex in Kenya to serve East African markets. The post Dangote To Raise Refining Capacity To 2.1mb/d appeared first on Channels Television.
A five-year research project by the Petroleum Technology Development Fund (PTDF), in partnership with the University of Jos (UNIJOS), has read more Plateau sits on oil, gas deposits, five-year UniJos’ study reveals
ASHON has criticized FTSE Russell for halting Nigeria's upgrade to the Frontier Market due to the T+1 transition. This decision has sparked backlash among domestic stockbrokers who are concerned about the implications for the market.
Statutory remittances by the Nigerian National Petroleum Company (NNPC) Limited has risen significantly, reaching N4.85 trillion in May, from N726 read more NNPC’s remittances surge 561% to N4.8trn after Tinubu’s order
Despite collecting ₦203.6 billion, Nigeria's electricity billing performance is declining, with significant unbilled and uncollected revenue. This stagnation raises concerns about the efficiency of the electricity sector.
Nigeria’s financial system is becoming increasingly liquid, supported by stronger foreign exchange inflows and an expanding money supply. Yet the read more Explainer: Why bank’s liquidity boom isn’t reaching businesses
The National Bureau of Statistics reports that the average cost of city bus rides in Nigeria was N1,431 in May. Motorcycle transport saw the highest annual fare increase among transport categories.
The European Union is committed to helping Nigeria develop a skilled workforce that meets investment needs. This initiative aims to address skill gaps in the country.
The World Bank has approved a new $1.25bn loan for Nigeria, sparking public concern over the country’s rising debt burden. This facility aims to accelerate
The World Bank plans to end its lending to China by 2031, indicating a major change in its financial relationship with the country. This decision reflects the evolving dynamics of global economic partnerships.
The Nigerian stock market closed June with a significant downturn, resulting in a loss of N13.3 trillion for investors. This decline is attributed to profit-taking activities and concerns over the delay in Nigeria's Frontier Market status by FTSE Russell.
The Nigerian naira showed stability against the US dollar on July 1, 2026, with a narrow gap between official and parallel markets. This indicates a balanced foreign exchange environment in the country.
The World Bank plans to end its lending to China by 2031, following pressure from the US government. This decision reflects a shift in global economic strategies and relationships.
The World Bank will stop lending to China by 2031, transitioning to a role focused on knowledge partnership. This marks a significant shift in the financial relationship between the two entities.
Nigeria faces a critical challenge with its pension system, as many retirees like Emeka are left with inadequate funds after years of service. This looming crisis demands urgent attention to ensure financial security for future retirees.
Olubusayo Adeniyi emphasizes the need for Nigeria to leverage private funding to address its infrastructure deficits. He believes unlocking private capital is essential for bridging the infrastructure gap in the country.