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Nigerian banks earned N224.69 billion from ATM and electronic banking fees in Q1 2026, marking a 12.56% increase. This growth highlights the rising importance of digital banking in the country's financial landscape.
The World Bank has lowered its growth forecast for Sub-Saharan Africa to 4% for 2026, but predicts positive impacts for Nigeria and Angola. Higher energy prices are expected to benefit these nations significantly.
The Central Bank of Nigeria (CBN) has introduced new proposals to mitigate risks among banks and fintechs. These measures include strict limits on shared directors and intra-group funding.
The Central Bank of Nigeria's proposed reforms to the Financial Holding Company framework may attract new capital and lead to significant changes in the banking sector. However, experts warn of potential challenges in implementation.
The Alliance for Economic Research and Ethics has called on the Nigerian government to reject the IMF's tax proposals. They have presented a 7-point recovery plan aimed at improving the economy.
Experts in Port Harcourt have encouraged Nigerians to transform societal and economic challenges into opportunities for innovation and growth. This call aims to inspire impactful solutions amidst prevailing difficulties.
The Dangote Refinery has cut fuel imports in West Africa by 23%, positively impacting regional trade. This development is reshaping shipping patterns across the region.
The CBN's liquidity restrictions are prompting a shift in Nigeria's fixed-income market towards high-yield short-term debt. This change reflects investor adaptation to the current financial landscape.
Minister of Works, David Umahi, emphasizes the importance of federal road projects in boosting economic growth and enhancing agricultural transformation. He advocates for infrastructure development as a key driver of Nigeria's economic advancement.
Nigeria's domestic gas sales have increased by 30% from 2022 to 2025, attributed to reforms from the Petroleum Industry Act. This growth reflects the positive impact of recent executive orders on the energy sector.
Nigeria's oil and gas sector is experiencing a significant revival, with active drilling rigs increasing by 42%. This surge indicates a positive trend in domestic drilling activities.
Local Nigerian markets are facing a surge in toxic powdered charcoal and harmful dye additives due to food inflation. This exploitation by spice merchants poses serious health risks to consumers.
The women’s Singles defending Champion of the 47th edition of Central Bank of Nigeria (CBN) Senior Tennis tournament, Andrea Usoh, has commended the apex financial institution for including wheelchair tennis in the Championship.
With the qualifying rounds of the 47th edition of the Central Bank of Nigeria Senior Tennis Championship concluded in earnest at the tennis courts of the Package ‘B’ of the
Nigeria's urea exports increased by 64% in the first quarter, driven by global shortages linked to the Iran conflict. This surge highlights the impact of international events on Nigeria's agricultural exports.
From intervention funds and industrial roadmaps to fiscal reforms, local content policies and foreign exchange restructuring, the administration has introduced several initiatives The post 3 years of Tinubu: Manufacturers yet to see policies translate into industrial growth — M...
Kayode Tokede Nigeria’s pension industry has further strengthened its position as a major source of long-term capital for the economy, with Pension Fund Administrators (PFAs) increasing their exposure to equities
Sunday Ehigiator Energy expert and former Group Executive Director of the Nigerian National Petroleum Corporation (NNPC), Dan Kunle, has called on Nigeria to urgently accelerate the development of its oil
Nigeria lost an estimated $839.22m in oil revenue in the first four months of 2026 after failing to meet its 1.5m barrels per day OPEC quota The post Oil Revenue: Low production undermines benefits of high crude oil prices appeared first on Vanguard News.
There is a golden reward for every wise choice, especially for consumers who value quality products that help them create wholesome, delicious meals for their families. Building on this belief,
Nigerian fixed-income trading volume reached N1.06 trillion, fueled by high demand for short-term government debt. The surge was primarily led by Treasury Bills.
The global mobile industry contributed over $810 billion in tax revenues to governments in 2025. This underscores the sector's significant role in economic growth and public service funding.
FCMB Group Plc reports an 81% surge in profit before tax for 2025, reaching N202.1bn. Discover how FCMB profit growth was driven by diversified business an
NEM Insurance Plc targets N136.19bn in revenue for 2026, signaling aggressive top-line expansion and strong profit projections despite economic headwinds.
Dangote Refinery increases local crude oil purchases, supporting Nigerian grades and reducing import reliance amid global market disruptions from the US-Ir
FCMB Group Plc reports an 81% surge in profit before tax for 2025, reaching N202.1bn, driven by increased interest income and operational efficiency.
Dangote Refinery increases Nigerian crude oil purchases, supporting local grades and reducing import reliance amid global market disruptions from the US-Ir
The IMF has recommended that Nigeria implement taxes on fuel and telecom services to help close its revenue gap. This advice comes as the country faces increasing financial challenges.
Nigeria's economic reform progress is at risk due to high interest rates that may hinder growth. The Centre for the Promotion of Private Enterprise warns that macroeconomic stability could be compromised.
The Calabar-Ebonyi-Benue Trans-Sahara Superhighway is expected to significantly boost trade and investment in Nigeria's South East. Government officials are optimistic about its potential economic impact.