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Day: August 27, 2026

Nigeria’s Manufacturing Sector Still Stuck Below 10% of GDP After a Decade of Reforms
BusinessEconomyLocal

Nigeria’s Manufacturing Sector Still Stuck Below 10% of GDP After a Decade of Reforms

Nigeria’s manufacturing sector is struggling to break through a ceiling that has persisted for years. Despite successive government reforms and…

byayotilewaAugust 27, 2026
Despite Cashless Policy, Nigeria’s Currency in Circulation Hits N5.73 Trillion as Inflation Erodes Value
BusinessEconomyLocal

Despite Cashless Policy, Nigeria’s Currency in Circulation Hits N5.73 Trillion as Inflation Erodes Value

Nigeria’s currency in circulation has jumped 72.4% in five years to N5.73 trillion, highlighting a surprising trend in an economy…

byayotilewaAugust 27, 2026
Meta Agrees to $18 Billion Settlement Over Claims Its Platforms Harm Children
BusinessInternationalTechnology

Meta Agrees to $18 Billion Settlement Over Claims Its Platforms Harm Children

Meta has agreed to an $18 billion settlement with 52 US attorneys general following claims that Facebook and Instagram have…

byayotilewaAugust 27, 2026
FG Disburses N600bn to 10 Million Households in Cash Transfer Programme
BusinessEconomyLocal

FG Disburses N600bn to 10 Million Households in Cash Transfer Programme

The Federal Government has disclosed that more than N600 billion has been disbursed to over 10 million households across Nigeria…

byayotilewaAugust 27, 2026
22% of NGX equity transaction volume executed via mobile trading platform
BusinessFinanceLocal

22% of NGX equity transaction volume executed via mobile trading platform

Mobile trading is changing the way Nigerians participate in the stock market, with Bamboo accounting for about 22 per cent…

byayotilewaAugust 27, 2026
Nigerian Stock Market Loses N260 Billion as Sell-Off Enters 11th Straight Session
BusinessFinanceLocalStock

Nigerian Stock Market Loses N260 Billion as Sell-Off Enters 11th Straight Session

The Nigerian equities market extended its losing streak on Wednesday, August 26, with investors continuing to sell off stocks across…

byayotilewaAugust 27, 2026
Nigeria’s Foreign Reserves Cross $53 Billion, Hit Highest Level Since 2009
BusinessEconomyLocal

Nigeria’s Foreign Reserves Cross $53 Billion, Hit Highest Level Since 2009

Nigeria’s foreign reserves have climbed above $53 billion for the first time in more than 17 years, reaching $53.11 billion…

byayotilewaAugust 27, 2026

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