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Nigeria has reentered Africa's top five destinations for foreign direct investment (FDI) with $4 billion in inflows. This marks a significant year-on-year increase of 148% in 2025.
Global foreign direct investment rose by 6% in 2025, totaling $1.6 trillion, as reported by the UN. This growth occurred despite ongoing uncertainties in the global economy.
Cross River State has launched a seven-year plan aimed at enhancing coffee production and diversifying its economy. The initiative is expected to boost non-oil exports and create jobs in the region.
Many Nigerians are being driven out of the housing market due to adverse macroeconomic conditions. This has led to an increase in homelessness among the working population.
David Umahi has pledged to provide reliable infrastructure to boost economic development in Nigeria. His commitment comes as construction advances on the Lagos section of the Sokoto-Badagry super highway.
Zimbabwe has successfully restored electricity to most areas after a nationwide blackout. The recovery followed the failure of the national power grid.
Nigeria's Customs Service has significantly reduced import tariffs on used and new vehicles to boost revenue. The agency aims to generate ₦11 trillion following these changes.
The Nigerian naira showed mixed performance against the US dollar on July 7, 2026, with stability in the official market. However, the parallel market experienced a slight weakening.
The Nigerian Content Development and Monitoring Board (NCDMB) has disclosed plans to eliminate intermediaries in Nigeria’s Petroleum sector, through a read more NCDMB moves to eliminate middlemen in oil sector contracting
It is mid-year and businesses across the globe are reviewing their books, revenue-target, strategy optimisation, performance outcomes, customer acquisition cost, read more The organisational pulse: The business metric leaders are consistently underpricing
Dangote Petroleum Refinery and key fuel marketers have reduced depot prices for petrol, responding to government pressure. This move aims to bring prices closer to the target of sub-N800 per litre set by IPMAN.
FTSE Russell's proposal to reclassify Nigeria as a Frontier Market has sparked debate over its reasoning. Critics argue that the decision may not accurately reflect Nigeria's economic realities.
Nigeria must turn its long-standing commitments to oil investors into real benefits for the economy. The country has promoted its oil reserves for years, and now it's time to deliver on those promises.
Nigerian motorists may soon see petrol prices drop to N800 per liter due to a new agreement with Dangote marketers. This development is expected to provide significant relief to consumers amid rising fuel costs.
An expert has called for a disciplined approach ahead of the 2026 Licensing Round by the Nigerian Upstream Petroleum Regulatory Commission. This initiative aims to enhance the oil and gas sector in Nigeria.
Nigeria's power generation dropped by 9.6% in the first quarter, leading to significant financial losses for distribution companies. The sector's inefficiencies resulted in losses amounting to N140.6 billion.
A recent NRS report emphasizes tax reforms and subsidy cuts as essential for Nigeria's economic recovery under President Tinubu. It notes improvements in revenue collections but highlights challenges like a low tax-to-GDP ratio and high debt servicing costs.
The Naira has fallen to N1,400 against the dollar in the unofficial market, a slight decline from N1,395 per dollar last weekend. This depreciation reflects ongoing challenges in Nigeria's currency stability.
Nigeria's Finance Minister announced that the country has successfully averted an economic collapse and is progressing towards macroeconomic stability. This positive shift follows the implementation of tough reforms aimed at strengthening the economy.
FAAN and three state governments owe over N25bn to NAMA, raising concerns about the agency's funding and operations. This debt situation highlights ongoing financial challenges within the aviation sector.
Peter Uzoho A top official of one of the International Oil Companies (IOCs) operating in Nigeria has called for urgent conversion of recent oil and gas Executive Orders to legislation,
Emmanuel Addeh in Abuja The Nigerian National Petroleum Company Limited (NNPC) recorded a cumulative profit after tax of N1.74 trillion from a total revenue of N17.33 trillion for the five-month
Chairman of the Tax Appeal Tribunal, North Central Zone, Jos, Prof David Agbu, has cautioned that Nigeria’s drive to increase public revenue under the new tax regime must not override
Leading commercial law firm, Babalakin & Co., has reaffirmed its commitment to strengthening Nigeria’s creative economy by rewarding outstanding young artists and promoting the role of law in protecting creativity,
Stakeholders in Nigeria’s capital market have called for stronger institutional reforms, improved regulatory coordination and enhanced investor protection to sustain market growth and strengthen confidence in the country’s financial system.
The Nigerian stock market has seen a significant increase of N3.2 trillion, driven by strong demand for Dangote Cement and 53 other companies. This positive trend reflects growing investor confidence in the market.
Nigeria is grappling with substantial development challenges that hinder its progress. Addressing these issues is crucial for achieving sustainable growth and success.
The Naira has strengthened, closing at N1,368.26 against the dollar after appreciating by N1.92 in the official foreign exchange market. This positive trend indicates a potential recovery in Nigeria's currency value.
Nigeria’s oil and gas sector requires about $25 billion in annual financing to unlock new investments and expand production, a read more ProvidusUnity Bank, Regions Bank seek to close Nigeria’s $25bn oil and gas financing gap
The NCS initially projected ₦6.584 trillion in revenue for 2025, based on its approved budget, but generated ₦7.277 trillion, representing a 10.24 per cent increase over the target. The post Customs surpasses 2025 revenue target, projects N11tn for 2026 appeared first on Prem...