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The Securities and Exchange Commission (SEC) recently stepped in to halt marketing and promotional activities surrounding a planned Initial Public read more Five major reasons why SEC halted Dangote IPO promotion
The call comes as Nigerian airlines grapple with rising operating costs and industry-wide concerns over sustainability, while renewed xenophobic attacks in South Africa continue to draw criticism from Nigerians. The post AON seeks review of aviation taxes, economic boycott of Sou...
A National Dialogue on the State of the Nigerian Economy will be held in Uyo to honor Akpan Ekpo. The event features distinguished professors as speakers and aims to address key economic issues.
The NDLEA has uncovered a multi-billion naira clandestine methamphetamine laboratory in Oyo State, arresting a Mexican national and four Nigerians. This ma
President Tinubu emphasized the technological skills of Nigerian youths, highlighting their readiness for global economic integration. He noted the government's efforts to empower them and small businesses with digital tools.
Inflation, rising housing costs, unemployment, insecurity and declining purchasing power have become defining features of everyday life in Nigeria. Much read more Nigeria’s economic crisis may be fueling a silent mental health emergency
The FAAC distribution has increased by 26% to 10.45 trillion Naira over the first five months of 2026. This rise in allocations benefits Federal, State, and Local Governments significantly.
Cardoso warns that misuse of currency is raising economic costs and emphasizes the importance of public confidence in the monetary system. He has introduced the Naira Ambassadors Club to promote awareness and respect for the nation's currency.
Kogi State Internal Revenue Service (KGIRS) announces that the monthly revenue has significantly increased under the leadership of Salihu Sule read more Kogi’s revenue increases from N700m to N3.5bn – KGIRS
The Naira has shown broad stability against the Dollar as of June 24, 2026. This stability comes despite global currency fluctuations and domestic demand for foreign exchange.
BRB Capital Group acquires FCA-authorised Amalfi Capital, creating a regulated bridge between Lagos and global markets for cross-border investment.
Edo State Police have arrested four suspects and killed one in connection with the recent Benin market kidnap. Read the full details of the operation.
Traders displaced from Onitsha Main Market are expressing their struggles following recent demolitions by the Anambra State Government. Many of the demolished shop spaces have turned into car parks and refuse dump sites, worsening their plight.
Governor Olayemi Cardoso has launched the CBN Naira Ambassadors Club to encourage young Nigerians to respect and properly handle the Naira. This initiative aims to foster a sense of responsibility towards the national currency.
The naira has shown stability against the US dollar as of June 24, 2026, in both official and parallel markets. This trend reflects a consistent exchange rate environment for the currency.
Net foreign exchange inflow into Nigeria has decreased by 24% to $6.92 billion in February, down from $9.22 billion in January. The Central Bank of Nigeria reported this decline in its monthly economic report.
The Abuja Chamber of Commerce and Industry (ACCI) has announced plans for the 21st Abuja International Trade Fair, urging businesses, read more Businesses to explore new markets as ACCI unveils 21st Abuja international trade fair
Tayo Orekoya highlights the resilience of Nigeria's capital market despite global economic challenges. He emphasizes the strength and stability that has been maintained over the years.
BusinessDay highlights key developments in Nigeria's economic landscape as of June 24, 2026. The report provides insights into various sectors and their performance.
Mastercard's CEO, Michael Miebach, announced a $2 billion annual foreign exchange plan for Nigeria. President Tinubu expressed confidence in the capabilities of Nigerian youths during the announcement.
The Manufacturers Association of Nigeria (MAN) has raised alarms over a projected N1.92 trillion decline in credit for the manufacturing sector by 2025. They warn that high borrowing rates could jeopardize the current industrial policy implementation.
Kingsley Moghalu discusses Nigeria's current economic situation, highlighting both opportunities and challenges. He emphasizes the impact of recent macroeconomic reforms on the nation's stability.
Despite the Central Bank of Nigeria's cashless initiative, N5.19 trillion remains outside the banking system as of May 2026. This situation raises concerns about the effectiveness of the policy in promoting digital transactions.
The Nigeria Labour Congress is advocating for a significant wage increase for workers in response to rising inflation and living costs. This push aims to ensure fair compensation for Nigerian workers amidst economic challenges.
A report indicates that Nigeria's debt repayments are almost five times greater than its spending on health and education. The IMF's policies are cited as a contributing factor to this financial imbalance.
Crude oil prices have dropped as 19 million barrels passed through the Strait of Hormuz, alleviating concerns over supply shortages. This decline comes amid ongoing US-Iran discussions.
The Nigerian equities market continued its positive run, gaining 1.06% as renewed buying interest drove capital appreciation. Discover top gainers and mark
Nigeria's intra-African trade surged by 21% to reach $9.02 billion in 2025. This growth highlights the significant role of the African Continental Free Trade Area (AfCFTA) in enhancing market access for Nigerian goods.
Mutual Benefit Insurance Plc has highlighted a significant credit gap in Nigeria, noting that only 6% of adults have access to formal credit. This statistic underscores the challenges of financial inclusion in the country despite recent improvements.
The Nigerian banking system is set to receive a significant liquidity boost of N3.39 trillion this week. Maturing Open Market Operation (OMO) bills will contribute approximately 86% of this inflow.