economy
Naira Weakens Slightly Against Dollar at Official and Black Markets
The Nigerian naira recorded a slight depreciation against the United States dollar on Tuesday, May 19, 2026, across both the official Nigerian Foreign...
Nigeria’s Inflation Rises to 15.69% in April as Food and Transport Costs Surge
Nigeria’s headline inflation rate rose to 15.69 per cent in April 2026, up from 15.38 per cent recorded in March, driven largely by...
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...
Trump Plans Gasoline Tax Suspension As Fuel Prices Surge Amid Iran War
United States President Donald Trump has announced plans to suspend the federal gasoline tax in response to rising energy costs linked to the...
Top FMCG Companies Face N1.96 Trillion Debt Burden Amid Economic Pressures
Analysis of the audited 2025 full year financial statements of leading Fast Moving Consumer Goods companies in Nigeria has revealed that the firms...
NECA Questions Fresh NNPCL Refinery Pact With Chinese Firms
The Nigeria Employers Consultative Association has expressed serious concerns over the recent Memorandum of Understanding signed between Nigerian National Petroleum Company Limited and...
Mentorship is Key to Making Student Venture Capital Grant Work in Nigeria
A fresh debate has emerged around the success of Nigeria’s Student Venture Capital Grant as experts stress that mentorship, not just funding, will...
Customs Modernisation Project To Boost Ease Of Doing Business In Nigeria
The Nigeria Customs Service Trade Modernisation Project is expected to enhance ease of doing business, improve trade facilitation, strengthen revenue generation and raise...
Naira Trades Steady Against Dollar Amid Continued Forex Interventions
The Nigerian naira traded within a relatively stable range against the United States dollar on Monday, May 11, 2026, across both the official...
Nigeria Exports 80 Percent of Crude Oil Despite Rising Local Refinery Demand
Oil companies in Nigeria exported nearly 80 percent of the country’s crude oil production in the first quarter of 2026 despite increasing demand...
