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Crude oil theft in the Niger Delta is raising alarms about Nigeria's energy future. Traditional ruler Felix Otuwarikpo has highlighted the urgent need to address this ongoing issue.
It was a major boost for the Lagos luxury real estate market as 7-Fifteen Capital Limited, a luxury real estate read more More boost for luxury real estate market as 7-Fifteen Capital marks Lagos expansion
The state of Pennsylvania represents one of the biggest regulated online gambling markets in America. Slotozilla carried out in-depth research read more Slotozilla Researches Pennsylvania Online Casino Bonus Platform Rankings and Key Trends in 2026
The Manufacturers Association of Nigeria (MAN) warns that the proposed increase in excise duties on sugar-sweetened beverages could jeopardize 33% of the manufacturing output and put 1.5 million jobs at risk. This move has raised concerns about the potential negative impact on the sector.
A new ranking of Nigeria’s most-consumed fast-moving consumer goods (FMCG) products has revealed while global giants such as Coca-Cola and read more Coca-Cola, sachet products dominate Nigerian homes as local FMCG brands rival multinationals
South Africa’s economy expanded at its fastest pace in nine months in the first quarter of the year, showing resilience read more South Africa’s economy grows at fastest pace in 9 months despite Iran war headwinds
Nigerian leaders are promoting economic reforms that are successfully attracting both local and international investments. Vice President Kashim Shettima, Governor Babajide Sanwo-Olu, and Taiwo Oyedele emphasized Lagos as Africa's premier business hub.
May's market indicators show subdued volatility and a strong tech presence, alongside shifts from the central bank. Key trends are emerging that could influence currency and bond markets.
CEVA enhances position in growing market in Western Africa as domestic EFL customers in Nigeria gain greater access to global markets with wide range of logistics, customs solutions available The post CEVA Logistics, EFL Africa launch joint venture in Nigeria appeared first on...
BAT Nigeria has called for better enforcement of industrial policies to support the growth of Nigeria's manufacturing sector. The organization emphasizes that poor implementation is a significant barrier to progress in this area.
Lagos has seen a significant rise in capital importation, increasing by 84% to $10.37 billion. However, this surge may mask underlying economic challenges, suggesting a need for cautious optimism.
PEBEC has called on Borno State to enhance its business reforms to attract more investments. These changes are expected to significantly improve the ease of doing business in the region.
The data from the statistics office also indicated that trade surplus stood at N7.5 trillion, driven by robust crude oil sales. The post Nigeria’s merchandise trade hits N34.8 trillion in Q1 2026 as exports outpace imports – NBS appeared first on Premium Times Nigeria.
Nigeria’s eleven electricity distribution companies lost N159.37 billion in unbilled and uncollected revenue in the first three months of 2026, read more DisCos bleed N159bn in three months as collection failures deepen
Nigeria's agriculture sector has achieved a 3.15% GDP growth, reaching 11.87 trillion naira. Crop production is the leading contributor, accounting for 8.9 trillion naira.
The Lagos Chamber of Commerce and Industry warns that the Sugar-Sweetened Beverage Tax Bill could worsen challenges for Nigeria's manufacturers. The LCCI emphasizes the need for careful consideration of the bill's potential impact on the sector.
The Finance Ministry claims to have processed N700 billion in payments to local contractors, while the contractors assert they have not received any funds. This disagreement has led to renewed protests by the contractors.
The Nigerian naira remained stable against the US dollar on June 9, 2026, in both official and parallel markets. This stability is attributed to ongoing efforts to maintain liquidity in the foreign exchange market.
Nigeria's economy shows improvement as it strengthens its position in continental capital markets. Meanwhile, South Africa receives a significant ratings upgrade, although businesses in both countries continue to face challenges.
The speaker says reliable statistics remain the foundation of effective governance, economic planning and investment decisions. The post Nigeria needs stronger data system to achieve $1tn economy – Speaker Tajudeen appeared first on Premium Times Nigeria.
Political involvement is impacting decisions in pension fund management, as highlighted by the recent Premium Pension arbitration. This situation raises concerns about the integrity of financial governance in Nigeria's pension sector.
African institutions need to adapt to the changing financial landscape to remain relevant. This call to action emphasizes the importance of preparedness in the face of evolving economic dynamics.
Nigeria's current debt crisis is heavily impacting its financial future, with debt servicing taking precedence over essential sectors. This situation raises concerns about the sustainability of the nation's economic landscape.
Nigerians are adjusting their meals due to rising food prices, leading to smaller portions and more careful shopping. This change is affecting the overall quality of food consumed across many households.
Nigeria's external reserves have reached $50.12 billion, the highest level in 17 years, reflecting a 30.9% annual growth. This increase signals positive investor confidence and robust economic activity in the country.
President Bola Tinubu has declared Lagos as Africa's primary entry point for global investment, emphasizing its role in driving Nigeria's $1 trillion economy target. Governors Sanwo-Olu, Uzodimma, Otti, Sule, and Mutfwang are actively working to attract investors.
The Lagos Chamber of Commerce and Industry has raised concerns about the economic impact of the recently passed Sugar-Sweetened Beverage Tax Bill on the manufacturing sector. They warn it could impose an additional burden on the industry.
IATA warns that airlines will face an additional $100 billion in jet fuel costs this year, with prices expected to rise significantly. Nigeria is highlighted as one of the most expensive countries for airlines, impacting the aviation sector's profitability.
Nigeria's foreign trade recorded a surplus of N7.55 trillion in Q1, despite a decline in total trade to N34.79 trillion. Crude oil continues to be the main export, while agricultural exports have decreased significantly.
Bismarck Rewane highlights that Nigeria's GDP growth over three years has coincided with rising poverty and increasing insecurity. This paradox raises concerns about the effectiveness of economic policies in improving citizens' welfare.