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An APC leader in Ondo State has urged FirstBank to reopen its Idoani branch, which has been closed for seven years following a robbery. The closure is said to negatively impact the rural economy in the area.
The Stanbic IBTC’s Purchasing Managers’ Index report reveals a decline in manufacturing output despite growth in other economic sectors. This indicates a mixed economic performance, with improving demand benefiting certain areas.
Nigeria's economy is showing strong signs of stability as it enters the latter half of 2026. This positive outlook suggests potential growth and resilience in the economic landscape.
The Centre for the Promotion of Private Enterprise reports that Nigeria's economy is showing improved macroeconomic conditions and increased investor confidence as it begins the second half of 2026. The organization urges the government to implement policies that foster a more competitive business environment.
– Says investment in science, engineering, research and innovation holds key to sustainable prosperity Sunday Aborisade in Abuja Founder of ARCO Group Plc, Alfred Okoigun, has called on Nigeria to urgently
Local investors are increasingly dominating the Nigerian stock market, reflecting a positive trend in market activity and investor confidence. This growth indicates a strengthening of the local financial landscape.
The Rural Electrification Agency has partnered with Jigawa State and the Nigerian Commodity Exchange to provide 7MW of power to seven industrial hubs. This collaboration aims to boost economic activities in the region.
Senator Oluremi Tinubu encourages Nigerian youths to engage in akara production and other local foods as a means of empowerment. This initiative has sparked a national conversation about entrepreneurship and self-reliance.
The Federal Government is revisiting the minimum wage issue to ensure it keeps pace with inflation and living costs. The proposed N70,000 minimum wage reflects President Bola Tinubu’s commitment to economic reform.
Nigeria's recent surge in oil revenue may soon come to an end, prompting calls for prudent economic management. Experts warn that without careful planning, the country could face significant financial challenges ahead.
Local experts warn that U.S. economic policy recommendations could negatively impact Nigeria's economy, despite positive feedback from the IMF. They advise caution regarding VAT and telecom policies.
The Chartered Institute of Stockbrokers has clarified that FTSE Russell's delay in Nigeria's reclassification to Frontier Market status is a temporary review. They emphasize that this does not indicate a reversal of the country's capital market reforms.
SOLA ONI contends that markets should not be judged solely by how convenient they are for foreign capital When FTSE Russell announced its proposal to reclassify Nigeria from “Unclassified” to
Kayode Tokede Amidst uncertainty in the business environment, banks borrowing from Central Bank of Nigeria (CBN) dropped by 96.04 per cent Year-on-Year (YoY) to N2.33trillion in half year (H1) of 2026
Energy expert Dan Kunle has advised President Bola Tinubu to privatize Nigeria's four state-owned refineries. He argues that continued public spending on these facilities has not provided value and is a burden on the economy.
The Nigeria Customs Service and Afreximbank are enhancing their partnership to tap into Africa's $3.4 trillion market potential. This collaboration aims to boost intra-African trade and support the implementation of the African Continental Free Trade Area (AfCFTA).
The Nigeria Customs Service and Afreximbank are enhancing their collaboration to promote cross-border trade. This partnership aims to facilitate smoother trade operations across Africa.
Traders in Lagos report a surge in demand for stockfish heads due to recent shortages and rising prices. This trend has led to significant price increases across local markets.
OPEC+ members agree to raise oil production quotas by 188,000 bpd in August 2026 as the Middle East calms, aiming to restore pre-war supply levels.
OPEC+ has decided to increase oil production quotas as the situation in the Middle East stabilizes. This move aims to support Gulf countries affected by the recent conflict.
Peter Obi demands accountability from the Tinubu administration regarding the IMF’s report of ₦8.83 trillion in off-budget spending, citing grand corruptio
Mini-grids in Nigeria are evolving into profitable ventures that attract significant private investment. The REA Managing Director highlighted their potential to enhance the country's power sector.
The Central Bank of Nigeria is introducing reforms aimed at enhancing financial stability and operational efficiency in financial holding companies. These changes are detailed in the recent exposure drafts on revised guidelines.
The SEC Nigeria intervened in the unauthorized marketing of Dangote Refinery shares, highlighting the challenges local regulations face against global financial media. This situation underscores the need for regulatory frameworks to keep pace with rapid news dissemination.
The market capitalisation of 12 listed deposit money banks, including GTCO and Zenith, has reached N22.51 trillion. This growth follows successful reforms implemented by the Central Bank of Nigeria.
Aliko Dangote is supporting a blue economy initiative that aims to create over 500,000 jobs in Nigeria. This strategic investment is expected to reduce imports and boost the economy.
Nigerian Electricity Distribution Companies have lost over 1.13 million customers due to rising energy prices and unreliable power supply. This trend highlights significant challenges in the country's electricity sector.
Crude prices have fallen. So why is petrol still expensive? Consumers demand relief, while marketers insist on sustainable margins, reports Festus Akanbi For millions of Nigerians, the recent decline in global
Babatunde Fashola disclosed that Lagos State intentionally reduced land prices to attract investment from the Dangote Group for the refinery project. This strategic move aims to boost economic growth in the region.
PenCom has expanded investment opportunities for Pension Fund Administrators (PFAs) to enhance returns amid local market challenges. The initiative includes a two-year regulatory forbearance to support pension fund growth.