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President Bola Tinubu stated that the removal of fuel subsidies has prevented Nigeria from facing bankruptcy. He believes this decision is crucial for the gradual recovery of the nation's economy.
The Central Bank of Nigeria has significantly increased the geo-fence radius for Point-of-Sale terminals by 600%. This change is set to take effect on August 1, aiming to enhance payment accessibility across the country.
In its circular on Friday, the CBN also directed all affected institutions to provide evidence of compliance ahead of the new enforcement deadline, 31 July. The post CBN extends PoS geo-fencing metre, compliance deadline appeared first on Premium Times Nigeria.
The Central Bank of Nigeria has extended the PoS geo-fencing enforcement deadline to August 1, 2026, giving institutions more time to comply.
Nigeria's manufacturing sector experienced significant growth of 3.29% in the first quarter of 2026, a notable increase from 1.69% in the same period last year. This growth is attributed to recent reforms aimed at boosting the sector's performance.
For decades, achieving economic independence in Nigeria has been limited by a fundamental deficit: access to reliable electricity. In rural read more Tinubu @ 3: How REA’s mini-grid solutions are driving Nigeria’s $1trn economy target
Until Nigeria begins to treat human development as infrastructure with the same seriousness we reserve for roads, oil, and finance, our talent-scarcity debate will keep repeating itself. Not because Nigerians lack potential, but because potential without systems rarely scales. Wh...
Nigerian markets are experiencing a positive shift as oil prices decline, fueled by optimism surrounding a potential US-Iran peace agreement. This has led to a rise in major stock indices, indicating a recovery from earlier sluggishness.
Tax & Digits officially launched on 15 May 2026, marking the beginning of a new professional services firm focused on read more Tax & Digits officially launches to support Nigerian businesses with smarter tax, finance, and compliance solutions
Iron Capital has emerged as one of Africa’s most influential investment banking firms, building a reputation for structuring complex, high-impact read more Iron Capital deepens position as architect of landmark capital market transactions in Africa
The global financial markets are experiencing increased volatility, creating new trading opportunities across various asset classes. Traders are adapting to this dynamic environment to capitalize on the fluctuations.
Facebook, Instagram, and WhatsApp contribute $820 million annually to Nigeria's economy, highlighting their importance beyond social networking. These platforms are increasingly recognized as vital economic tools for Nigerians.
The average retail price of petrol in Nigeria rose significantly from N1,288.54 in March to N1,532.93 in April. This increase has been reported by the National Bureau of Statistics (NBS).
Logistics parks are identified as essential for Nigeria's economic growth and transformation. They can leverage the country's consumer market and resources to enhance development.
Nigeria's climate ambition is becoming more digital, yet its data infrastructure is lagging. Improving this infrastructure is essential for unlocking funding for the country's energy transition.
Rising fuel prices have driven inflation in Kenya to its highest level in over two years. This situation highlights the growing economic pressures in the region.
The African Development Bank (AfDB) has warned that Africa’s trade finance gap could widen to $86.6 billion by 2027, with read more Africa’s trade finance gap widens to $86.6bn as Middle East tensions bite
Pastor Matthew Ashimolowo urges Nigerians abroad to invest in the country's economy, emphasizing new opportunities for growth. He believes that diaspora support is crucial for national development.
President Bola Ahmed Tinubu's reforms in the oil and gas sector have spurred investments. However, challenges in production continue to pose significant issues.
Nigeria's revenue has surged under President Bola Tinubu's administration, but budget execution remains disappointing. The government's borrowing has escalated as it struggles to effectively implement its budget plans.
India is looking to Nigeria and other African nations for soybean imports due to rising domestic prices. This shift marks a significant change in India's trade strategy for soymeal.
NGX Group's CEO, Temi Popoola, has called for better integration of capital markets into Nigeria's monetary policy strategies. This move is seen as essential for macroeconomic development and effectiveness.
Experts warn that Nigeria's economy may face challenges due to a weak manufacturing sector, despite modest growth. The Centre for the Promotion of Private Enterprise emphasizes the need for stronger industrial performance for sustainable economic transformation.
President Tinubu celebrates his third anniversary in office, emphasizing reforms that have stabilized Nigeria's economy. He highlighted the significant reduction in daily petrol subsidy costs as a key achievement.
"The sheer size and scale of this tournament will ensure it is the biggest betting event ever," David Stevens, head of Public Relations at English bookmaker Coral, told AFP. The post 2026 FIFA World Cup betting revenue expected to exceed $50 billion – Report appeared first ...
…Commercial paper listings and double-digit yields are drawing investors deeper into corporate credit Nigeria’s fixed-income market is beginning to shift read more Investors are finally betting on corporate risk
Nigeria's oil revenue in Q3'25 fell significantly short of budget targets, recording N4.87 trillion against a projected amount. This resulted in a shortfall of N7.88 trillion, marking a 61.8% decrease.
Nigerians and businesses are facing ongoing challenges with electricity supply as power generation has dropped significantly. The latest figures show a decrease of nearly 20% in generation capacity, raising concerns about reliability.
The Nigerian naira showed stability against the US dollar on May 29, 2026, in both official and parallel markets. This stability is attributed to ongoing liquidity support and vigilant market monitoring.
President Tinubu's financial reforms have aimed to enhance transparency and boost investor confidence by eliminating multiple exchange rates. However, challenges remain, including unmet goals that could impact the overall effectiveness of these reforms.