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Enugu State targets $30bn GDP by 2031, with Enugu Air and airport concession as key drivers. Learn how these initiatives will boost tourism and investment.
The Naira to Dollar exchange rate has shown significant improvement as the gap between official and parallel market rates narrows. This reflects ongoing efforts to enhance transparency and liquidity in Nigeria's foreign exchange market.
…Authorities rule out return to fuel subsidies The International Monetary Fund (IMF) has cautioned Nigeria against delays in budget approval read more IMF cautions FG against budget passage delays, fiscal overlap
The acquisition secures a significant ownership stake for the Group in the capital market platform, NGX. The post United Capital acquires 5% stake in NGX appeared first on Premium Times Nigeria.
Plateau State has launched the construction of an advanced abattoir with a capacity of 500 cattle daily. This project is part of the Heipang Special Agro-Processing Zone initiative aimed at boosting local agriculture.
The World Bank has recognized Apapa and Tincan Ports as among the top 20 improved ports globally. This acknowledgment highlights Nigeria's significant advancements in port efficiency and vessel turnaround times over the past five years.
Japan’s central bank has raised interest rates to their highest level in more than three decades, marking another major step read more Japan raises interest rates to highest level in 31 years as energy costs fuel inflation
Nigeria leads Sub-Saharan Africa in stablecoin inflows, accounting for about 60% since 2019. This trend highlights Nigeria's growing role in the digital finance landscape.
Drekford Global Concept Limited, has emerged as the Residential Property Development Company of the Year at the Abuja Real Estate read more Drekford strengthens market position with real estate award
African markets are navigating a rapidly shifting global landscape as a tentative US-Iran peace agreement eases fears of a prolonged read more AFRICA FINANCE IN BRIEF: Growth story endures despite global market jitters
As the battle for the 2027 presidency begins to take shape, Adams Oshiomhole, Senator, has questioned Peter Obi’s ability to read more Oshiomhole targets Obi’s security record ahead of 2027 race
The Transmission Company of Nigeria (TCN) has expressed alarm over rising vandalism incidents affecting power infrastructure in Niger State. This trend threatens economic stability, safety, and electricity supply in the region.
Eyes are now on developments ahead of Friday's signing ceremony in Switzerland, which will bring an end to more than three months of a war that has sent shockwaves through energy markets and sent global inflation soaring. The post Most Stocks Rise, Oil Flat Following Peace Deal-F...
Revenue from Value Added Tax and Company Income Tax declined by 6.2% to N3.79 trillion in Q1 2026. This marks a decrease from N4.04 trillion in the same period last year.
The exposure draft of revised Financial Holding Company (FHC) guidelines released on on June 10 by the Central Bank of read more CBN Holdco shake-up re-engineers a new valuation calculus for Nigeria’s banking groups
Nigeria's inflation rate has risen for the third consecutive month, reaching 15.93% in May 2026. The National Bureau of Statistics reported this increase in its latest consumer price index.
The Bank of Japan has raised its interest rate to the highest level in 31 years, following similar moves by other central banks. This decision comes amid global economic challenges and rising prices.
The Nigerian naira showed mixed performance against the British pound on June 16, 2026. This reflects ongoing fluctuations in the exchange rates within the Nigerian Foreign Exchange Market.
The Nigerian naira remained stable against the US dollar on June 16, 2026, in both the official and parallel markets. This stability reflects a consistent exchange rate environment for the currency.
The Naira has fallen to N1,400 against the dollar in the black market, down from N1,390 last weekend. In contrast, it appreciated to N1,356 per dollar in the Nigerian Foreign Exchange Market.
The IMF states that Nigeria's debt is manageable, but notes that spending 50% of tax revenue on interest payments is concerning. They urge the government to enhance social safety nets and provide quality services to citizens.
April FAAC allocations increased to N2.257 trillion due to higher revenues from oil, gas royalties, and various taxes. This surge reflects improved financial inflows to the three tiers of government.
Cardoso has launched the Nigeria Overnight Financing Rate to improve market confidence and stability. Philip Ikeazor hailed this initiative as a significant step towards modernizing the financial market.
Agcoms International Trading Limited has praised President Bola Tinubu's $70 million tractor initiative aimed at improving food security in Nigeria. The company emphasizes that agricultural mechanization is crucial for economic and agricultural transformation.
Lagos State Government has created 320,000 jobs and supported over 20,000 businesses with N15 billion in funding. This initiative was facilitated through the Lagos State Employment Trust Fund (LSETF).
Nigeria's inflation rate has risen to 15.93%, driven by increasing food, energy, and commodity prices. This surge is particularly severe in states like Yobe, Anambra, and Sokoto.
Local manufacturers in Nigeria are pushing back against a World Bank-supported procurement framework in the electricity sector. They argue that this could jeopardize their market share and economic viability.
The apex bank said the new measure aims to promote transparency, reduce market concentration risks, and enhance the resilience of the country's payments ecosystem. The post CBN orders banks, fintechs to disclose owners, store payment data in Nigeria appeared first on Premium Time...
Nigeria's capital-importation figures are sparking intense debate, highlighting the country's capacity challenges. The discussion reflects the ongoing struggle to effectively utilize incoming capital for economic growth.
Nigeria's pension industry is celebrating its progress since the introduction of the Contributory Pension Scheme. Insights from South Africa's pension achievements could guide Nigeria's future strategies.