Live intelligence from 10+ verified Nigerian and UK sources
The Naira continues its rally while the Dollar gains amidst ongoing tensions related to Iran's oil supply. The situation reflects the complexities of global oil markets and their impact on Nigeria's economy.
Oil prices increased by $4 following President Trump's rejection of Iran's response to a U.S. peace proposal. This development signals potential volatility in the energy market.
Oil prices have surged following Trump's rejection of Iran's terms for a peace proposal. This development raises concerns about potential violence and disruptions in oil supply routes.
Trump rejects Iran’s peace terms, escalating the US-Iran conflict. This move spikes global oil prices as markets fear supply disruptions in the Gulf.
Top FMCG companies in Nigeria have accumulated a staggering N1.96 trillion in debt for the year 2025. This highlights the increasing financial pressures these firms are facing in the current economic climate.
NECA has expressed serious concerns regarding the recent MoU between NNPCL and Chinese firms for the rehabilitation of the Port Harcourt and Warri refineries. This comes amid ongoing controversies surrounding a $25 billion rehabilitation project.
The article emphasizes that Nigeria's power sector challenges cannot be resolved with quick fixes or simple solutions. It highlights the complexity of the issues facing the sector.
The Nigeria Customs Service's Trade Modernisation Project aims to improve the ease of doing business in the country. Comptroller-General Adewale Adeniyi highlighted its potential to boost trade, revenue, and national security.
Nigerian oil companies exported 80% of crude oil output in Q1 2026, despite increasing local refining needs. This trend highlights the ongoing challenges in meeting domestic demand for refined products.
The Nigerian naira showed stability against the US dollar on May 11, 2026, in both official and parallel markets. This was attributed to ongoing forex interventions and a careful market outlook.
The Nigerian stock market experienced a bullish trend, with investors gaining approximately N1.1 trillion Week-on-Week. This rally was primarily fueled by increased buying interest in banking and industrial stocks.
Nigerians are re-engaging with the stock market in unprecedented numbers, marking a significant shift in investment behavior. This resurgence signals a potential new era for equities in Nigeria.
Nigeria's stock market is experiencing a significant resurgence as investors return with unprecedented enthusiasm. This renewed interest marks a transformative moment for the country's equities landscape.
Brewing companies in Nigeria have reported a significant increase in revenue despite the ongoing economic challenges. This rise comes amid rising living costs and declining purchasing power among consumers.
Nigerian traders are increasingly shutting down their shops due to rising transportation costs that are severely impacting their profits. The vibrant market activity is being replaced by a noticeable decline in business operations.
The National Association of Aircraft Pilots and Engineers has raised alarms over the high price of Jet-A1 fuel, warning it may jeopardize flight safety and lead to job losses in the aviation sector. Urgent action is needed to address this crisis.
The article argues that Nigeria's economy requires significant reforms to become more market-driven and private sector-led. It emphasizes the need for a streamlined public sector to enhance investment in human capital.
Credits localised decision-making, deeper market penetration Sees double-digit growth momentum Emmanuel Addeh in Abuja Managing Director and Chief Executive Officer of Guinness Nigeria Plc, Girish Sharma, has attributed the company’s strong
Sunday Okobi The Islamic Development Bank (IsDB) has raised US$ 1 billion through a benchmark Sukuk issuance in the capital markets. They stated that after several weeks of closely monitoring
First Holdco and other banks have seen their non-performing loans rise to N3.27 trillion following the end of regulatory forbearance. FBNH alone reports N1.49 trillion in non-performing loans, exceeding the regulatory requirement.
Nigeria's maritime sector shows impressive growth with cargo throughput reaching 32.38 million tons in Q1 2026. This surge is attributed to larger vessels and a significant increase in vehicle traffic by 67%.
The Nigerian stock market experienced a significant increase of N1.10 trillion last week, driven by broad-based gains. This positive trend reflects strong performance in key fundamentals.
Nasarawa State is hosting an investment summit aimed at safeguarding investors as the 2027 elections approach. The event is led by Ibrahim Adamu Abdullahi, the CEO of NASIDA, and has attracted various dignitaries.
Nigerian states' capital spending has decreased by 58% in the first quarter of 2026. This decline is attributed to the intensifying political activities ahead of the 2027 elections.
11Plc outlines plans to expand market share and improve profitability under its new acting Managing Director, Osagie Ogedegbe, following its 48th AGM.
Access ARM Pensions reports impressive growth in its first full year post-merger, with revenue hitting N42.4bn and AUM surpassing N4tn. Learn more.
Ikeja Hotel Plc announces a three kobo per share interim dividend for Q1 2026. Find key dates for payment, e-dividend registration, and market details.
The Emirates Group reports a record $41bn revenue for 2025-26, highlighting strong growth and resilience despite regional geopolitical challenges.
Nigeria's NNPC refineries continue to be a financial burden despite significant investments. The article argues for the urgent need for privatization to alleviate this issue.
Nigeria faces significant structural impediments that hinder its industrialization efforts. Key issues include high energy costs, limited access to finance, and ineffective policies.