ECOWAS leaders at the 69th Ordinary Session in Lungi, Sierra Leone, reaffirmed the launch of the ECO single currency in 2027, starting with qualifying states, and condemned xenophobia in South Africa.
Tope Fasua, Special Adviser to the President on Economic Matters, calls for less negativity in Nigerian media, defends Tinubu's $1 trillion GDP goal, and explains naira depreciation benefits.
Sao Tome and Principe rejected all bids for its three offshore oil blocs after only Petrobras and Oranto Petroleum submitted offers, prompting experts to urge Nigeria to diversify its economy.
FirstHoldCo Plc reported H1 2026 profit before tax of ₦653.5 billion, up 83.5% year-on-year, with gross earnings of ₦1.93 trillion, reflecting strong balance sheet transformation.
Despite a slight decline in Nigeria's headline inflation to 34.19% in June 2026, 19 states and the FCT recorded inflation rates above 30%, according to the NBS report.
The Nigeria Revenue Service has mandated all large taxpayers to fully adopt the national e-invoicing system by July 31, 2026, with sanctions for non-compliance.
Nigeria's pension industry is consolidating as a N31 trillion asset base fuels mergers among Pension Fund Administrators, driven by regulatory reforms and technology costs.
Nigeria's 36 states and FCT shared N2.37 trillion in VAT revenue in H1 2025 under a new formula, with Lagos, Rivers, and Delta as top beneficiaries.
The Federal Government is adopting a new scorecard to measure economic performance, focusing on key indicators like GDP growth, inflation, and unemployment, according to Taiwo Oyedele.
The US government has published updated guidelines on how individuals can lose their American citizenship, including five involuntary acts and voluntary renunciation.
Delta State received ₦86 billion, Lagos ₦74.7 billion, and Rivers ₦72.09 billion from June 2026 FAAC distribution, driven by oil derivation and strong tax collections.
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Petroleum marketers have slowed fuel purchases due to uncertainty over Dangote Refinery's dollar-based pricing, raising fears of pump price hikes. The refinery denies halting loading, while FCCPC affirms naira as legal tender.
GCR has upgraded Axxela's national scale long-term issuer rating to ANG with a stable outlook, reflecting improved credit profile and operational performance.
Nigeria's weekly FX turnover surged 46% to $2.39 billion, driven by a sharp increase in spot transactions, according to FMDQ data.
Financial analyst Kalu Aja and lawyer Ilemona Onoja warn overlapping agency mandates are making Nigeria more expensive for business, discouraging investment and raising consumer prices.
Transcorp Power Plc reported a profit before tax of N54.99 billion in H1 2025, up 77% year-on-year, and declared an interim dividend of N1.50 per share.
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Nigerians hoping for petrol price cuts may wait longer as renewed US-Iran tensions push crude oil above $87, reversing earlier declines from the ceasefire.
Ekiti State's monthly IGR rose from N2.1bn in January to N2.7bn in May and June 2025, achieving 51% of its annual target without new taxes, says EKIRS chairman Olaniran Olatona.
The Chartered Institute of Bankers of Nigeria (CIBN) predicts the Central Bank of Nigeria (CBN) will maintain the benchmark interest rate at 26.5% at the upcoming MPC meeting.
Transcorp Power reported a 6.37% decline in H1 pre-tax profit to N54.99 billion, despite revenue growth of 167%. The board declared an interim dividend of N1.50 per share.
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Dangote Refinery has secured $2.5 billion through a private placement, a major step before its planned initial public offering (IPO), according to company officials.
Liberia and Nigeria signed agreements to deepen economic partnership, unlocking investment opportunities in trade, energy, and agriculture. The deal aims to boost bilateral trade and regional integration.
Mali has published the official list of 20 African countries whose citizens can enter without a visa in 2026, including all ECOWAS member states and several others.
Dangote Refinery denies halting petrol sales as depot prices soar above N1,200 per litre, driven by rising crude costs and dollar-based transactions.
The Nigerian Financial Intelligence Unit (NFIU) will establish a Nigerian chapter of the global Women in Anti-Money Laundering Network to promote gender inclusion and expertise in combating financial crimes.
Nigeria's headline inflation eased to 15.91% in June 2026 from 15.93% in May, according to the NBS, though food inflation rose month-on-month to 3.75%.
The CPPE warns that rising food prices remain Nigeria's biggest inflation challenge despite a slight headline rate decline to 15.91% in June, urging structural reforms.
Ogun Governor Dapo Abiodun extends one-day-off-duty palliative and approves ₦10,000 monthly transport allowance for July-September 2026 to cushion fuel price hike impact.