Nigeria Economy
Naira Appreciates to N1,388 Per Dollar in Parallel Market
The Nigerian naira recorded further appreciation against the United States dollar on Wednesday, strengthening in both the parallel market and the Nigerian Foreign...
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 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...
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...
Nigeria Can No Longer Depend on Borrowing for Development, Says Finance Minister Oyedele
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has warned that Nigeria can no longer rely heavily on borrowing...
Eterna Plc Records N302.4bn Revenue, Approves Dividend at 33rd AGM
Eterna Plc has announced a revenue of N302.4 billion for the financial year ended December 31, 2025, as shareholders approved the company’s audited...
Motor Dealers Urge Customs Boss to Probe Alleged Extortion Over Vehicle Duty Payments
The Association of Motor Dealers of Nigeria has called on the Comptroller General of the Nigeria Customs Service, Adewale Adeniyi, to investigate alleged...
NAAPE Warns Aviation Fuel Crisis Could Threaten Flight Safety and Cause Job Losses
The National Association of Aircraft Pilots and Engineers, NAAPE, has raised serious concerns over the ongoing Jet A1 aviation fuel crisis in Nigeria,...
ADC Criticises FG Over GDP Celebration Amid Rising Hardship
The African Democratic Congress has criticised the Federal Government for celebrating Nigeria’s reported economic growth, arguing that the figures do not reflect the...
Nigeria Local Refineries Receive 28.5 Million Barrels of Crude Amid Supply Gaps in First Quarter 2026
Nigeria local refineries received only 28.5 million barrels of crude oil in the first quarter of 2026 despite higher volumes offered by producers...
