The Shanghai Cooperation Organization marks 25 years, advancing poverty reduction, vocational training, and connectivity across Eurasia, benefiting nearly half the global population.
A Nigerian returnee discovers the furniture stores of his youth have vanished, replaced by e-commerce and supermarkets, illustrating a profound lesson: adapt to technological change or face obsolescence.
The European Bank for Reconstruction and Development targets at least $1.5 billion in Nigerian investments over three years, opening its first Sub-Saharan Africa office in Lagos.
PZ Cussons Nigeria's net profit rose to N49.1 billion, driven by N38.7 billion from asset disposals including its stake in PZ Wilmar, as revenue climbed 22.5% to N260.5 billion.
Ukraine military publishes monthly salaries: regulars earn over N615,000, officers start at N769,606, plus combat pay up to N923,527, as disclosed on its website.
PZ Cussons Nigeria reports N260.46 billion revenue for FY2026, up 12% from prior year, driven by price adjustments and product innovation despite economic challenges.
The naira depreciated in the black market but appreciated in the official market on July 3, 2026, closing at N1,370.15/$1 in NAFEM, with mixed trends against other currencies.
Two-way trade between Nigeria and the US reached nearly $15 billion in 2025, a 14% increase, making Nigeria Washington's second-largest trading partner in sub-Saharan Africa.
Dangote Refinery reduces petrol ex-depot price by N50 to N1,075/litre, marking the fourth cut in one month and cumulative N200 reduction since May 30.
Nigeria's Finance Minister Taiwo Oyedele proposes a specialised Commercial Dispute Resolution Tribunal to cut litigation time from 15 years, boost investor confidence, and strengthen the capital market.
The World Bank has approved $1.25 billion in financing for Nigeria and unveiled a six-year growth strategy to boost economic recovery and reduce poverty.
NNPC's May 2026 profit after tax fell to ₦462 billion, down from ₦481 billion in April, despite crude production hitting a one-year high of 1.73 mbpd.
Despite crisis narratives, Africa is seeing institutional gains: rising tax-to-GDP ratios, digital governance reforms, and Nigeria's non-oil exports surpassing oil. These shifts underpin a bullish outlook.
The naira traded at ₦1,374.18/$ in the official market on July 2, 2026, while the parallel market strengthened to ₦1,385, narrowing the premium to ₦10.82.
The World Bank approved $1.25 billion for Nigeria to boost jobs, investment, and growth, targeting electricity, broadband, health, and agriculture reforms.
Nigeria's naira gains against the dollar as forex turnover surges 20% to $269.898 million, with external reserves rising to $51.429 billion, boosting market stability.
UBA, Transcorp, and United Capital are among top stock picks this week, as analysts predict strong gains in the Nigerian equities market.
Bayo Onanuga dismisses claims of hardship under Tinubu, but data shows naira depreciation, inflation, and poverty rising; reforms cause pain before gain.
Universal Insurance's 2025 profit plunged nearly 50% to N867.9 million as insurance service expenses doubled to N8.3 billion, driven by huge fire insurance claims.
Nigeria has drawn the first $1.5 billion from its $5 billion financing arrangement with First Abu Dhabi Bank, Finance Minister Taiwo Oyedele confirmed.
Nigeria has accessed the first $1.5 billion from its $5 billion financing facility with First Abu Dhabi Bank, Finance Minister Taiwo Oyedele confirmed, to refinance debt and fund infrastructure.
Nigeria's naira depreciated 0.20% as foreign investors exit amid political uncertainty and hawkish Fed, with FPI dropping 25.9% in May 2026.
The Nigerian stock market extended its losing streak on Monday, with panic selling erasing N2.36 trillion in market value as the NGX All-Share Index fell by 3,682.70 points.
The Naira depreciated to N1,395 per dollar in the parallel market from N1,386, and to N1,385 in the official NFEM, widening the gap to N9.
The federal government has called on petroleum marketers to reduce petrol prices in line with declining global crude oil prices, but says it cannot fix prices due to deregulation.
The landing cost of imported petrol in Nigeria has fallen to N1,003 per litre, widening the price gap with Dangote Refinery and raising hopes of lower pump prices for Nigerians.
Kwari Market in Kano, Africa's largest textile trading hub, faces declining sales, rising costs, and currency instability, yet traders adapt to survive.
Senator Adams Oshiomhole fully supports Governor Monday Okpebholo's proposal to impose the death penalty by firing squad on kidnappers and bandits in Edo State.
The UAE allows citizens of about 70 countries to enter without a visa. GCC nationals have visa-free access, while others can stay up to 90 or 30 days. Visa on arrival is available for seven countries under conditions.
Oil price volatility remains a key driver of Nigeria's economic performance, affecting fiscal revenue, foreign reserves, and growth prospects, according to recent analyses.