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Manufacturers in Nigeria are expressing concerns over a deteriorating operating environment due to high taxes, foreign exchange costs, and insecurity. The Association of Food, Beverage and Tobacco Employers highlights the impact of poor power supply and infrastructure on their businesses.
Manufacturers in Nigeria are transitioning from diesel to natural gas due to soaring energy costs. This shift aims to mitigate rising production expenses and protect profitability in the industrial sector.
Nigeria's GDP growth increased to 3.89% in Q1'26, up from 3.13% in Q1'25. This marks a positive trend in the country's economic performance.
The Naira has depreciated to N1,380 per dollar in the parallel market, down from N1,376 last weekend. This decline highlights ongoing challenges in Nigeria's currency stability.
• Says suspension doesn’t equate waiver or debts forgiveness •Airline Operators: NCAA not owed, condemn ’media regulation’ of operators outside regulatory framework •Threaten to stop collecting passenger service charge for
Wale Igbintade Justice Stephen Daylyop of the Federal High Court sitting in Port Harcourt, Rivers State, has restrained the Nigerian National Petroleum Company Limited (NNPC Ltd) and all banks in
• Non-oil sector contributed 96.08%, oil 3.92% • Oil production drops to 1.55 million barrels per day James Emejo in Abuja The country’s Gross Domestic Product (GDP) growth rate declined
Michael Olugbode in Abuja The Nigeria Security and Civil Defence Corps has launched one of the biggest crackdowns on economic sabotage in recent years after sealing all operational facilities belonging
Crude oil prices have dropped by 5.5%, creating optimism for cheaper petrol. This decline is linked to potential peace talks between the US and Iran, which could ease tensions in the Strait of Hormuz.
Umaru Kwairanga emphasizes the need for African capital markets to invest in the burgeoning creative sector. He advocates for a shift from traditional industries to support this fast-growing area.
High borrowing costs are hindering credit expansion for Nigerian banks and businesses. The Central Bank of Nigeria's policies are significantly impacting lending and economic growth.
Nigeria is losing $850 million each year to foreign cloud providers, highlighting the need for local cloud infrastructure. This shift could significantly reduce capital flight and improve the country's economic prospects.
Nigeria and Türkiye have signed a Memorandum of Understanding to enhance collaboration in the solid minerals sector. This agreement aims to strengthen economic ties between the two nations.
Nigeria is set to experience a fuel price cut as global oil prices decline. This drop is attributed to ongoing peace talks between the United States and Iran.
The Nigerian Exchange (NGX) declined by 0.25% last week, primarily due to sell-offs in industrial and insurance sectors. This downturn resulted in significant losses for investors.
The Federal Government has partnered with Chinese firm New Power Technology to localize the manufacturing of CNG and EV infrastructure in Nigeria. This initiative aims to boost local production and reduce dependency on imports.
Seme Area Command of Nigeria Customs Service reports N9.798bn revenue from March 2026, a 448% increase. Learn about Seme Customs revenue and anti-smuggling
The article discusses the significance of PAYE tax in Lagos State and its implications for development. It emphasizes the state's unique status and the need for stakeholder engagement in tax matters.
Commuters express frustration over recurring Kara Market gridlock on Lagos-Ibadan Expressway, blaming Ogun State for failing to relocate the market despite
· · A series of executive orders issued by the Tinubu administration are aimed at speeding up economic recovery, contends AKPANDEM JAMES · &#...
Nigeria’s GDP grew by 3.89% in Q1 2026, driven by strong performance in agriculture and telecommunications, despite a decline in oil production.
Oil prices have dropped by 6% to a six-week low, driven by optimism surrounding a potential peace deal between the US and Iran. This decline could impact Nigeria's oil revenue significantly.
Nigeria's gas production increased by 3% in Q1 2026, reaching 687 billion standard cubic feet. Additionally, gas flaring saw a significant decline of over 8% compared to the previous year.
The Nigerian stock market rose by N905.57 billion due to strong investor interest in Airtel Africa Plc. This surge reflects positive market sentiment towards the telecommunications sector.
Stakeholders in Africa's tourism sector are advocating for enhanced investment and collaboration to tap into the continent's tourism potential. They emphasize the need for improved infrastructure and policy alignment to foster sustainable economic growth.
Peter Uzoho Chairman of Society of Petroleum Engineers (SPE) Nigeria Council, Mr Francis Nwaochei, has stressed the need for Nigeria and other African countries to leverage regional stability, existing oil
Revenue came to N434.9 billion, up from N315.4 billion a year ago as the lender posted a fair rise in interest earned from loans, treasury bills and other investment securities. The post Fidelity Bank’s first quarter revenue up by 38% appeared first on Premium Times Nigeria...
The Nigerian Bar Association Section on Business Law is advocating for a thorough review of recent economic reforms. This initiative aims to enhance investor confidence and stimulate economic growth in Nigeria.
Nigerian vegetable oil producers raise alarm over unchecked influx of imported vegetable oil, blaming regulatory agencies for neglecting local manufacturer
Reactions have continued to trail the recent S&P improved rating of Nigeria’s economy and the killing of the ISIS commander, read more S&P rating will boost investor confidence in Nigeria – Atoyebi