Nigeria Economy
Rail Passenger Revenue Surpasses Federal Government Target in 2025
Revenue generated from rail passengers in 2025 exceeded the Federal Government’s target, signaling gradual recovery and growth in Nigeria’s rail transport sector despite...
CBN Removes Cash Pool Rule for Oil Companies to Boost Forex Market
The Central Bank of Nigeria has officially removed the cash pool requirement previously imposed on export proceeds of International Oil Companies, marking a...
Foreign Portfolio Investment Rises Sharply as NGX Records Strong Market Activity
Foreign portfolio investment in Nigeria’s stock market recorded a significant increase in February 2026, reflecting renewed investor confidence and improved market conditions. According...
Non Oil Exporters Demand One Stop Processing System to Boost Global Competitiveness
Stakeholders in Nigeria’s non oil export sector have called for the establishment of a unified one stop export processing system to tackle regulatory...
CPPE Urges Urgent Action as Rising Energy Costs Threaten Nigeria’s Economy
The Centre for the Promotion of Private Enterprise has called for immediate government intervention to cushion the impact of rising energy costs on...
Dangote Refinery Raises Petrol Price Amid Global Oil Tensions
Dangote Petroleum Refinery has announced a fresh increase in the price of Premium Motor Spirit, citing rising global geopolitical tensions and escalating crude...
Naira Appreciates Against Dollar Across Official And Parallel Markets
The Nigerian currency recorded gains on Tuesday as the naira appreciated in both the parallel market and the official foreign exchange window, signaling...
Nigeria Secures £746 Million UK Financing to Modernise Lagos Ports
The Federal Government has secured a landmark £746 million financing agreement with the United Kingdom to modernise Nigeria’s seaport infrastructure, marking the most...
SON Backs Federal Government National Single Window for Trade Initiative
The Standards Organisation of Nigeria has reaffirmed its support for the Federal Government’s National Single Window for Trade, a digital platform aimed at...
Nigeria’s Reforms Boost Global Confidence Ahead of Tinubu’s UK Visit
The Federal Government of Nigeria has said that the economic and governance reforms introduced by President Bola Ahmed Tinubu are strengthening global confidence...
