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Nigeria's oil exploration and drilling activities saw a significant decline of 41.7% in April 2026 due to reduced upstream operations. This trend reflects ongoing challenges in the oil sector, as reported by OPEC.
The Nigerian naira showed mixed performance against the US dollar on May 20, 2026, in both official and parallel markets. This fluctuation comes amid ongoing demand for foreign exchange.
Many Nigerians mistakenly believe that only salaried workers and registered companies are responsible for paying taxes. This misconception highlights the need for greater awareness about tax obligations among all citizens.
Nigeria generates a trillion naira annually, yet this revenue does not strengthen the nation. Understanding this paradox is crucial for addressing the country's economic challenges.
Nigeria's credit rating has been upgraded from 'B-' to 'B' by S&P Global Ratings due to successful fiscal and foreign exchange reforms. This improvement reflects increased investor confidence in the country's economic management.
US stocks are declining due to renewed inflation concerns linked to high oil prices and rising bond yields. This market downturn reflects ongoing economic challenges.
Nigerian tank farm owners are advocating for local refining and calling for a stop to new petrol import licenses. This stance has intensified divisions among downstream operators in the industry.
JETFON supports Dangote's call for Nigeria to rely entirely on local refineries. They oppose DAPPMAN and urge the government to cancel new petrol import licenses.
The Securities and Exchange Commission (SEC) will implement a T+1 settlement system for equities and commodities starting June 1. This move aims to enhance the efficiency and transparency of Nigeria's capital market.
FGN bond subscriptions fell by 45.6% in May, totaling N516.17bn despite increased interest rates. This decline indicates a significant drop in investor demand for government bonds.
The World Bank highlights a significant skills deficit across African economies, which hampers business growth and job creation. This analysis underscores the urgent need for skills development to boost productivity on the continent.
Dr. Olasupo Olusi has transformed the Bank of Industry's focus towards measurable economic development in Nigeria. His leadership is poised to significantly impact the country's economic future.
TANIMU YAKUBU Those who speak glibly about deficits, debt and fiscal expansion often reveal not economic sophistication, but economic illiteracy disguised as moral outrage. Much of today’s opposition rhetoric confuses
The Central Bank of Nigeria is anticipated to maintain its benchmark interest rates during the upcoming Monetary Policy Committee meeting. This decision reflects ongoing economic considerations and stability in the financial sector.
The Naira yesterday appreciated to N1,385 per dollar in the parallel market from N1,395 per dollar on Monday. The post Naira rises to N1,385/$ in parallel market appeared first on Vanguard News.
A new ILO report highlights the adverse effects of the Middle East labor crisis on informal migrant workers. Rising energy costs and supply chain issues threaten global jobs and incomes.
Nigeria's local content policy has significantly increased the number of oil firms from fewer than 10 to 117. Local participation in the oil sector has also risen dramatically from 5% to 61%.
Nigeria's federal government fell short of its Q1 tax revenue target by N2.24 trillion, generating N7.44 trillion instead of the anticipated N9.68 trillion. This shortfall occurs amidst ongoing tax reforms aimed at improving revenue collection.
Nigeria's federal government fell short of its Q1 tax revenue target by N2.24 trillion, generating N7.44 trillion instead of the expected N9.68 trillion. This shortfall comes amid ongoing tax reforms aimed at improving revenue collection.
VivaJets calls on African leaders to implement practical measures for African integration, stressing its vital role in unlocking the continent’s economy.
By Michael Nwadike Citing improved foreign exchange liquidity, stronger fiscal revenues, and rising external reserves, global ratings agency S&P Global Ratings recently upgraded Nigeria’s long-term foreign and local currency credit ratings to ‘B’ from ‘B-’. It ackn...
Ebere Nwoji The Commissioner for Insurance, Mr Ayo Olusegun Omosehin, has said that the success of insurance in any economy is fundamentally anchored on the level of public understanding, trust,
An analysis of Nigeria’s public debt crisis. Explore the difficult economic choices between increasing taxation and taking on more loans to fund developmen
Aliko Dangote is increasingly dominating Nigeria's stock market amid rising inflation pressures across Africa. Additionally, Kenya is experiencing weakened remittances, highlighting the economic challenges facing the continent.
The launch event witnessed remarkable market enthusiasm, with trade partners from across the country in attendance. The post Olam Agri raises the bar with Mama’s Pride cholesterol-free, nutrient-rich Soya Oil appeared first on Premium Times Nigeria.
Abimbola Ilebani is recognized for transforming ALLY Microinsurance’s income trajectory, generating premium income equivalent to more than 387% of the read more ALLY Microinsurance MD Honoured at CIIN Abuja Insurance Week for Driving a 387%+ Revenue Surge
A UK trade minister expressed optimism about Britain potentially rejoining the EU due to economic challenges stemming from Brexit. This statement reflects a changing political landscape in the UK.
…Growers warn adulterated palm oil now national emergency Nigeria’s reliance on palm oil importaton is under intense scrutiny as agricultural read more Nigeria’s $550m palm oil import bill sparks calls for industry support
Those who speak glibly about deficits, debt and fiscal expansion often reveal not economic sophistication, but economic illiteracy disguised as read more Deficits, debt and economic literacy: A response to Nigeria’s fiscal critics
Leadway Assurance, Nigeria’s leading insurance services provider and a member of the Leadway Group, has once again demonstrated its position read more Leadway Assurance revenue rises to N225bn reinforcing industry leadership