Economy
Nigeria Spends N6.54 Trillion on Vehicle and Auto Parts Imports in Two Years
Nigeria’s dependence on imported vehicles and automobile spare parts has continued to rise sharply, with the country spending an estimated N6.54 trillion on...
SEC Moves to Drive Intelligent Investing With AI and Data Technology
The Director General of the Securities and Exchange Commission, SEC, Emomotimi Agama, has said Nigeria’s capital market is increasingly embracing data, artificial intelligence,...
Naira Records Mixed Performance Against Dollar at Official and Parallel Markets
The Nigerian naira posted mixed performance against the United States dollar on Thursday, May 14, 2026, across both the official Nigerian Foreign Exchange...
Nigeria’s Oil Production Rises Slightly but Remains Below OPEC Quota
Nigeria’s crude oil production recorded a slight increase in April 2026, but the country still failed to meet its production quota set by...
Nigeria Spends N6.54 Trillion on Vehicle Imports and Auto Parts in Two Years
Nigeria’s dependence on imported vehicles and spare parts has continued to rise sharply, with the country spending over N6.54 trillion on transport equipment...
Federal Government Approves 40 Percent Peculiar Allowance for Civil Servants
The Federal Government has officially approved the long awaited 40 percent peculiar allowance for federal civil servants after sustained pressure from organised labour...
Dangote Refinery Exports 1.66 Billion Litres of Fuel Amid Global Supply Tensions
Fresh data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA shows that the Dangote Petroleum Refinery and Petrochemicals exported an estimated...
Fidelity Bank Reports 45 Percent Earnings Growth, Surpasses N1 Trillion Shareholders’ Funds
Fidelity Bank Plc has reported a 45 percent increase in gross earnings for the 2025 financial year, alongside a major milestone as its...
Nigeria’s Asset Management Industry Set for Major Consolidation, Says Pathway Asset Management Founder
The Founder and Director of Pathway Asset Management, Adekunle Alade, has said that Nigeria’s asset management sector is heading toward a major structural...
Tinubu Promotes Nigeria as Africa’s Top Investment Destination at Kigali Forum
President Bola Tinubu is set to promote Nigeria’s economic reforms and investment opportunities at the Africa CEO Forum 2026 in Kigali, Rwanda, as...
