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Economy
Nigeria PMI Falls to 49.4, Signals First Economic Contraction in 16 Months
Nigeria’s economic momentum took a hit in April 2026 as the Purchasing Managers’ Index (PMI) slipped…
East Africa Attracts $4.1bn Investment as Reforms Drive Capital Surge Across…
East Africa has recorded a major boost in investor confidence, attracting about US$4.1bn in investments between…
BII Targets £9 Billion Investment Push to Boost Nigeria and African Economies
The British International Investment (BII), the United Kingdom’s development finance institution and impact…
NNPC Hikes Oil Prices Amid US-Iran War as Global Crude Surges
Nigeria’s oil sector has seen a sharp shift as the Nigerian National Petroleum Company Limited (NNPC)…
Naira Weakens to N1,369 per Dollar as External Reserves Drop $731 Million Amid FX…
The Nigerian Naira weakened further on Monday, slipping to N1,369 per US dollar, down from N1,361.5/$ recorded at…
FGN Bond Auction Draws N948bn in Strong Investor Demand Across Three Maturities
Nigeria’s domestic debt market recorded a strong showing in April 2026 as the Federal Government’s latest bond…
Dangote Refinery Says Petrol, Diesel Prices Are Being Subsidised Amid Rising Crude…
A senior official of the Dangote Group has disclosed that the Dangote Petroleum Refinery is currently subsidising…
Naira Outperforms African Currencies Despite Rising FX Pressure
Nigeria’s naira has emerged as one of the strongest-performing currencies in Africa so far in 2026, even as global…
PenCom Policy Review Sparks N15.53 Trillion Nigerian Stock Market Rally in 14…
Nigeria’s equities market recorded a remarkable surge, adding about N15.53 trillion in value over 14 consecutive…
No New Vehicle Tax Introduced by Federal Government, NRS Clarifies Viral Claim
The Nigeria Revenue Service (NRS) has debunked a viral social media infographic suggesting that the Federal…
Bank Recapitalisation in Nigeria: Tinubu Commends CBN’s Cardoso Over Bold…
President Bola Ahmed Tinubu has commended the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, for…
CBN Mops Up N2.8 Trillion from Banks to Tighten Liquidity and Stabilise Naira
The Central Bank of Nigeria (CBN) has intensified its efforts to stabilise the foreign exchange market and…
Dangote Refinery Expansion to Create 95,000 Jobs as Capacity Hits 1.4 Million…
Aliko Dangote, President of the Dangote Group, has announced that the ongoing expansion of the Dangote…
Nigeria’s Top Firms Pay Record N2.32 Trillion in Taxes as Banks Drive Corporate…
Nigeria’s largest listed companies have set a new tax record, collectively paying N2.32 trillion in corporate…
NGX Market Rallies as Financial Services Sector Drives N213bn Weekly Equity…
The Nigerian Exchange Limited (NGX) recorded a stronger trading week as investors exchanged a total of 3.8 billion…
Nigerian Stock Market Gains N861bn as Blue-Chip Stocks Drive Strong Rally
The Nigerian stock market closed on a strong bullish note, adding about N861 billion in market value as renewed…
Nigeria Fixed Income and Currency Markets Hit N193.2 Trillion Turnover in Q1 2026…
Nigeria’s fixed income and currency markets recorded a strong performance in the first quarter of 2026, with total…
CBN Seeks Private Sector Partnership to Boost Value Addition in Nigeria’s Raw…
The Central Bank of Nigeria (CBN) has announced plans to deepen collaboration with the private sector to enhance…
Nigeria Export Trade Struggles: Federal Constraints Undermine ₦128bn State Export…
Nigeria’s ambition to boost non-oil exports is facing a major setback as federal-level trade bottlenecks continue…
VAT Disbursement Rises 30% to N551.77bn in February 2026 as States Record…
VAT allocations to Nigeria’s 36 states and the Federal Capital Territory climbed sharply in February 2026, rising…
CBN and NEXIM Strengthen Partnership to Boost Non-Oil Exports and FX Earnings in…
The Managing Director and Chief Executive of the Nigerian Export-Import Bank (NEXIM), Mr. Abba Bello, has held…
FG borrows N2.69tn from bond market in Q1 2026 as investor demand surges
The Federal Government raised a total of N2.69tn from the domestic bond market in the first quarter of 2026,…
UK Targets £9 Billion Investment Push in Nigeria and Africa as BII Expands…
The United Kingdom has unveiled plans to channel £9 billion in fresh capital into Nigeria and other African…
Investors Shift to State-Led Power Deals in Nigeria’s Electricity Market
Investors are quietly changing how they approach Nigeria’s long-struggling electricity sector, opting for state-led…
Oyedele’s Fiscal Expertise Will Strengthen Nigeria’s Economy Amid Fiscal…
Plateau State Governor, Caleb Mutfwang, has praised the appointment of Taiwo Oyedele as a key economic figure in…
Nigeria Debt Crisis Deepens as Servicing Costs Hit N15.81tn, Sparks Fiscal…
Nigeria’s growing debt burden is once again raising alarm across economic and policy circles, as rising debt…
Tinubu: CBN Clears Airline Debts to Strengthen Nigeria–UK Aviation Ties and Boost…
President Bola Ahmed Tinubu has said that the Central Bank of Nigeria’s (CBN) move to clear outstanding financial…
FAAC Shares N2.03 Trillion as VAT Revenue Declines Again in March
Nigeria’s Federation Account Allocation Committee (FAAC) has disbursed a total of N2.03 trillion among the federal…
Nigeria-UK Relations to Boost Investment Opportunities, Tinubu Assures British…
President Bola Tinubu has reaffirmed that Nigeria’s relationship with the United Kingdom will continue to unlock…
Nigeria Tax Reform 2025: Stakeholders Address Key Challenges in New Tax System at…
The Chartered Institute of Taxation of Nigeria (CITN) has announced that key stakeholders will converge in Abuja…