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Saraki highlights the limitations of foreign aid in solving Africa's $170 billion infrastructure deficit. He urges African governments to prioritize the implementation of the AfCFTA for sustainable development.
FTSE Russell has put Nigeria's reclassification to Frontier Market status under further review following the T+1 transition. This decision reflects ongoing assessments of the Nigerian capital market's readiness for the upgrade.
The Nigerian Employers Consultative Association emphasizes the need for organized businesses to collaborate with the federal government on economic policy reforms. This partnership is seen as essential for effectively implementing these reforms.
Nigerian commuters experienced a rise in transport costs as the average city bus fare increased by 2.43% to N1,431 in May 2026. This change reflects ongoing economic pressures affecting public transport pricing.
First Lady Oluremi Tinubu encourages Nigerian women to engage in businesses like akara and kulikuli to boost economic growth. Her stance promotes self-reliance and productivity among women in Nigeria.
The Naira has strengthened to N1,390 against the dollar in the parallel market, improving from N1,395. This appreciation reflects a positive shift in the currency's value.
Nigerian electricity distribution companies generated N801 billion from January to April 2026, despite ongoing power outages. This revenue highlights the challenges in the power sector amid persistent blackouts.
Finance Minister Taiwo Oyedele supports government borrowing, emphasizing its purpose and potential returns. He criticizes those who oppose national debt, suggesting their views hinder Nigeria's progress.
Governor Mbah emphasizes that technology-enhanced security measures are increasing investor confidence in Enugu. This strategic investment is contributing to the state's economic growth.
As Brent crude prices declined by 4.44 per cent to $71.92 per barrel following easing supply concerns over the Strait of Hormuz, Nigeria’s sustained increase in crude oil production is
The CPPE has cautioned that a proposed ban on textile fabric imports could threaten Nigeria's N10 trillion garment and tailoring sector. They warn of significant collateral costs that may arise from such a decision.
Customs officers in Sokoto and Zamfara have been urged to maintain integrity and foster trust among stakeholders. This approach is seen as vital for driving economic development in the region.
The Central Bank of Nigeria reports that Currency Outside Banks has reached a one-year peak of N5.19 trillion, making up 91.3% of the total currency in circulation. This significant rise reflects changing financial behaviors among Nigerians.
The Nigerian stock market has rebounded, gaining N653 billion in value. This increase reflects a positive shift in investor sentiment and market performance.
Nigerian securities traders are expressing strong criticism towards FTSE Russell for delaying the country's upgrade to the Frontier Market. The pause is attributed to changes in the T+1 settlement process, which has raised concerns among domestic stockbrokers.
James Emejo in Abuja Norrenberger Advisory Partners Limited (NAPL), said it has strengthened its position in the Nigerian capital market, executing transactions worth about N608.93 billion in the first half
European investors have launched a new €20 million initiative to enhance Nigeria's funding strategy. This investment aims to support infrastructure, agriculture, and SMEs in the country.
Butchers in Kaduna are celebrating the upgrade of their abattoir, which includes modern cold storage facilities. This improvement has significantly reduced meat waste and enhanced hygiene, leading to increased income for the butchers.
Nigeria's power industry is at a crucial turning point, requiring AI, market reforms, and strong political commitment for future growth. The sector's evolution is vital for enhancing the country's economic landscape.
UBS reports a remarkable increase in global personal wealth, leading to a record number of new millionaires in 2025. This surge reflects significant economic growth and wealth creation worldwide.
Finance Minister Taiwo Oyedele has defended the government's borrowing strategy, emphasizing the importance of its purpose and potential returns. He aims to shift the narrative around Nigeria's debt perception amidst ongoing criticism.
The US Supreme Court has rejected Donald Trump’s attempt to restrict birthright citizenship, upholding the right for nearly everyone born on US soil. Read
Tagged The State of Nigeria’s Creative Economy 2026 Report, it is based on responses from 377 creative professionals. The post Payment processing, FX hindering Nigeria’s creative exports — Report appeared first on Premium Times Nigeria.
Global index provider FTSE Russell has placed its planned reclassification of Nigeria back to Frontier Market status under “further review.” read more FTSE Russell stops Nigeria’s Frontier Market upgrade on T+1 shift
The court, in an eagerly awaited decision on the final day of its term, ruled 6-3 to maintain the right to American citizenship for nearly everyone born on US soil. The post US Supreme Court Rejects Trump Bid To Restrict Birthright Citizenship appeared first on Channels Televisio...
Finance Minister Prof. Taiwo Oyedele has defended the government's borrowing strategy, emphasizing its necessity for economic growth. He advocates for viewing debt as a tool for investment rather than a moral failing.
Kenya’s annual inflation rate slowed in June for the first time in four months, offering a measure of relief to read more Kenya inflation eases to 6.4%, first decline since Middle East war
Shareholders and market observers are turning their attention to Zenith Bank Plc as the financial powerhouse gears up for its read more Zenith Bank: Interim dividend in focus as Board meets July 29
Finance Minister Taiwo Oyedele credits President Bola Tinubu's reforms with averting a potential economic collapse in Nigeria. These actions are seen as crucial for stabilizing the country's economy.
Nigeria's electricity consumers grew to 12.16 million in Q4 2025, marking a 1.11% increase from the previous quarter. This growth reflects ongoing improvements in the electricity sector, as reported by the NBS.